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CO5121 - Law of Business Organisations

Credit points: 3
Year: 2015
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

  • describe the formation and operation of partnerships and companies (including limited partnerships);
  • describe the rights, duties and liabilities of partners and those who deal with them;
  • describe corporate membership, the process for raising capital, capital maintenance, insolvent trading, voluntary administration, receivership and liquidation;
  • describe the relationship between the general meeting, the board and corporate management (including director's duties and member's remedies);
  • describe the significance of separate legal entity, authority, the indoor management rule and situations in which the corporate veil may be lifted.
Prerequisites: CO5119 OR LB5004
Inadmissible
Subject
Combinations:
CO5221 CO5112

Availabilities

Townsville, Block, Study Period 6
Census Date 25-Jun-2015
Face to face teaching 13-Jun-2015 to 26-Jul-2015 (13/14 June, 27/28 June and 25/26 July. All 9am - 5pm each day)
Coord/Lect: Assoc. Professor Louise Floyd.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

Cairns, Block, Study Period 7
Census Date 09-Jul-2015
Non-standard start/end 22-Jun-2015 to 02-Aug-2015
Face to face teaching 04-Jul-2015 to 02-Aug-2015 (4/5 July; 18/19 July; and 1/2 August 2015)
Coordinator: Assoc. Professor Louise Floyd
Lecturer: <Person not found>.
Workload expectations:
  • 36 hours workshops/Seminars - as per the subject study guide
Assessment: end of semester exam (60%); tutorial participation (10%); assignment (30%).

JCU Singapore, Internal, Study Period 51
Census Date 09-Apr-2015
Coordinator: <Person not found>
Lecturer: Mr Malik Abdul Kader.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Singapore, Internal, Study Period 53
Census Date 26-Nov-2015
Coord/Lect: <Person not found>.
Workload expectations:
  • 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 30-Jul-2015
Coordinator: Assoc. Professor Louise Floyd
Lecturer: Mr Malik Abdul Kader.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).
Restrictions: An enrolment quota applies to this offering.

JCU Brisbane, Internal, Study Period 21
Census Date 02-Apr-2015
Coord/Lect: <Person not found>.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Brisbane, Internal, Study Period 22
Census Date 13-Aug-2015
Coordinator: <Person not found>, Assoc. Professor Louise Floyd
Lecturer: Mr Marcus Katter.
Workload expectations:
  • 36 hours workshops/Seminars - Refer to individual subject study guide for detail.
Assessment: end of semester exam (60%); quizzes or tests (20%); assignments (20%).

JCU Brisbane, Internal, Study Period 23
Census Date 10-Dec-2015
Coord/Lect: <Person not found>.
Workload expectations:
  • 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.