Availabilities:

Location Domestic International
SCU Online Study Period 1,  4 Study Period 1,  4

Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

8

Level of learning

Introductory

Unit aim

This unit is designed to introduce students to the legal system, business law and corporations law and related matters. It is important for all persons, accountants and business administrators to have an appreciation of the role played by law in regulating society and the business community. This unit seeks to provide students with an understanding and knowledge of the legal system and sources of law in Australia. The unit also combines elements of essential business law including: key features of contract law and essential elements of corporations law. This unit examines contract law related issues, corporations law with regard to the concept of separate legal entity, formation, operation and corporate governance. This will include a study of the law relating to directors and management, members' rights and winding up of a company. We will also examine the Corporations Act and relevant case law.

Unit content

  • The Australian legal system
  • Contract Law 1
  • Contract Law 2
  • Agency, Business Structures, Company incorporation and its consequences
  • Company internal rules and membership
  • Company management, corporate insolvency

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.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Recognise the structure of the legal system and identify the sources of law in Australia
2 Understand and analyse the key principles and features of contract law
3 Identify and analyse the legal aspects of business transactions, partnerships and companies, particularly in respect of the rights, obligations, duties and liabilities of agents, partners, company members and directors
4 Recognise and analyse the legal issues related to separate legal entity, formation, operation, administration and winding up of a company
5 Develop high level analytical skills in the use and reading of cases, statutes and other legal material and apply these skills in complex law fact situations to the resolution of these issues

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

  1. Recognise the structure of the legal system and identify the sources of law in Australia
    • GA1:
    • GA2:
    • GA4:
    • GA5:
    • GA6:
  2. Understand and analyse the key principles and features of contract law
    • GA1:
    • GA2:
    • GA3:
    • GA4:
    • GA5:
    • GA6:
    • GA7:
  3. Identify and analyse the legal aspects of business transactions, partnerships and companies, particularly in respect of the rights, obligations, duties and liabilities of agents, partners, company members and directors
    • GA1:
    • GA4:
    • GA5:
    • GA6:
  4. Recognise and analyse the legal issues related to separate legal entity, formation, operation, administration and winding up of a company
    • GA1:
    • GA2:
    • GA3:
    • GA4:
    • GA5:
    • GA6:
    • GA7:
  5. Develop high level analytical skills in the use and reading of cases, statutes and other legal material and apply these skills in complex law fact situations to the resolution of these issues
    • GA1:
    • GA2:
    • GA4:
    • GA5:
    • GA6:

Prescribed texts

  • Fitzpatrick JF, Symes CF, Veljanovski A, Parker D, 2014, Business and Corporations Law , 2nd edn, Lexis Nexis Butterworths, Australia. ISBN: 9780409336887.

  • Fitzpatrick JF, Symes CF, Veljanovski A, Parker D, 2017, Business and Corporations Law , 3rd edn, Lexis Nexis Butterworths, Australia. ISBN: 9780409343311.
Prescribed texts may change in future teaching periods.