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Unit Summary

Unit type

PG Coursework Unit

Credit points

12

AQF level

8

Level of learning

Introductory

Unit aim

Introduces students to the legal system, business law and corporations law. 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. The unit provides students with knowledge of the legal system and sources of law in Australia. Students will be expected to use statutes, cases and other legal material to help them analyse legal situations, with a focus on business cases.

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 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 analytical skills in the use and reading of cases, statutes and other legal material and apply these skills in resolving complex law fact situations.

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
    • GA4:
  2. Analyse the key principles and features of contract law
    • GA1:
    • GA4:
  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:
  4. Recognise and analyse the legal issues related to separate legal entity, formation, operation, administration and winding up of a company
    • GA1:
    • GA4:
  5. Develop analytical skills in the use and reading of cases, statutes and other legal material and apply these skills in resolving complex law fact situations.
    • GA1:
    • GA2:

Prescribed texts

  • Fitzpatrick, JF, Symes, CF, Veljanovski, A & Parker, D, 2017, Business and Corporations Law , 3rd edn, Lexis Nexis Butterworths, Australia. ISBN: 9780409343311.

  • 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.