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Unit of Study LAW10178 - The Company Law of Papua New Guinea (2019)

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Unit Snapshot

  • Enrolment information

    N/A

Unit description

Covers those aspects of company law that are required to equip students for their future careers. Students will engage in teacher-directed activities with particular reference to such topics as the development of company law, types of business structures, rights of members, responsibilities and duties of company officers, company audit and accounts and corporate insolvency in PNG.

Unit content

Topic 1: Context of Corporate Law | Business Structures
Topic 2: Incorporation and its Effects | Governance: Constitution
Topic 3: Corporate Liability: Tort, Crime and Contract | Promoters: Duties and Liabilities
Topic 4: Corporate Fundraising, Debt Finance and Share Capital
Topic 5: Membership Rights and Meetings
Topic 6: Corporate Governance and Directors and Officers
Topic 7: Directors and Officers: Duties, Conflicts, Care and Diligence
Topic 8: Directors and Officers: Corporate Governance During Times of Distress
Topic 9: Members' Remedies
Topic 10: Accounts, Auditors and Dividends
Topic 11: External Administration and Insolvency

Availabilities

Location Domestic International
Papua New Guinea - IBSU Port Moresby N/A Session 2

Learning outcomes and graduate attributes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
Learning outcome count Learning outcome description GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Describe and critically discuss the issues underlying the regulation of company law and business structures in Papua New Guinea, noting the similarities and differences to Australian law.
2 Explain the legal issues and the relevant law applicable to corporate governance, directors’ and officers’ duties, conflicts, care and diligence, and the rights and remedies of members during times of distress.
3 Describe the legal issues in corporate fundraising, debt finance and share capital fact situations and explain the relevant legal principles to the resolution of these issues.
4 Explain legislation and case law relevant to company law.

On completion of this unit, students should be able to:

  1. Describe and critically discuss the issues underlying the regulation of company law and business structures in Papua New Guinea, noting the similarities and differences to Australian law.
    • GA4:
  2. Explain the legal issues and the relevant law applicable to corporate governance, directors’ and officers’ duties, conflicts, care and diligence, and the rights and remedies of members during times of distress.
    • GA1:
    • GA3:
    • GA4:
  3. Describe the legal issues in corporate fundraising, debt finance and share capital fact situations and explain the relevant legal principles to the resolution of these issues.
    • GA1:
    • GA3:
    • GA4:
  4. Explain legislation and case law relevant to company law.
    • GA3:
    • GA4:

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.