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CO5121 - Law of Business Organisations

Credit points: 03
Year: 2019
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

This subject provides students with the knowledge of partnership and corporations law that is required for admission to membership of the accounting professional bodies in Australia. Coverage includes the nature and existence of partnerships; partners' duties; partnership property; relations with outsiders; assignment, retirement, expulsion and dissolution; limited partnerships. It also provides detailed treatment of types and formation of corporations; the concept of separate legal entity; share capital and membership; lifting of the corporate veil; basic principles of debt and equity finance (securing debt and raising capital); replaceable rules, corporate constitution and the statutory contract; altering the corporate constitution; powers of the board and the general meeting; meetings, and statutory validation; directors' duties; capital maintenance and insolvent trading; members remedies; corporate authority and the indoor management rule; voluntary administration, receivership and liquidations.

Learning Outcomes

  • Effectively explain the law that regulates partnerships and corporations within Australia both orally and in writing;
  • Research and critically analyse the legal obligations and requirements of partnerships and corporations;
  • Use intellectual independence and creative judgement in applying the law that regulates partnerships and corporations to develop effective responses to a range of legal issues and to solve legal problems;
  • Work collaboratively and effectively with peers to develop professional and engaging materials that demonstrate an awareness of ethical issues and appropriate approaches to ethical decision-making likely to arise in professional partnerships and/or corporation contexts.
Prerequisites: CO5119 OR LB5004
Inadmissible
Subject
Combinations:
CO5221 CO5112

Availabilities

Townsville, Block, Study Period 7
Census Date 11-Jul-2019
Face to face teaching 28-Jun-2019 to 21-Jul-2019 (9am-5pm: Friday-Sunday (28-30 June) & 9am-5pm: Friday-Sunday (19-21 July))
Coord/Lect: Assoc. Professor Louise Floyd.
Contact hours:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
    Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

    External, Study Period 7
    Census Date 11-Jul-2019
    Contact hours:
    • 0 hours
      Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

      JCU Singapore, Internal, Study Period 53
      Census Date 05-Dec-2019
      Contact hours:
      • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
        Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

        JCU Singapore, Internal, Study Period 52
        Census Date 08-Aug-2019
        Contact hours:
        • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
          Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

          JCU Brisbane, Internal, Study Period 21
          Census Date 11-Apr-2019
          Coordinator: Assoc. Professor Louise Floyd
          Lecturer: Dr Kelvin Kuan.
          Contact hours:
          • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
            Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

            JCU Brisbane, Internal, Study Period 22
            Census Date 08-Aug-2019
            Coordinator: Assoc. Professor Justin Dabner, Assoc. Professor Louise Floyd
            Lecturer: Dr Kelvin Kuan.
            Contact hours:
            • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
              Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

              JCU Brisbane, Internal, Study Period 23
              Census Date 05-Dec-2019
              Coordinator: Assoc. Professor Louise Floyd
              Lecturers: Mr Garth Wooler, Dr Kelvin Kuan.
              Contact hours:
              • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
                Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

                Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.