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Unit of Study LAWS2053 - The Company Law of Papua New Guinea (2021)

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Unit Snapshot

  • Pre-requisites

    LAW10177 Introduction to Business Law of Papua New Guinea

  • 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 company/corporate law | Regulator | Business structures
Topic 2: Incorporation | Governance
Topic 3: Company/corporate liability | Promoters
Topic 4: Fundraising | Finance
Topic 5: Membership rights and meetings
Topic 6: Company/corporate governance | Directors and officers
Topic 7: Directors and officers: duties and conflicts
Topic 8: Directors and officers: Company/corporate governance during times of financial distress, the duty of care and diligence
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
Session2

Learning outcomes

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:

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.

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.

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.

Explain legislation and case law relevant to company law.

Prescribed learning resources

Prescribed Texts
  • No prescribed texts.

Prescribed Learning Resources may change in future Teaching Periods.