LSSU591 Law of Commercial Associations

Updated: 13 May 2019
Credit Points 6
Location Teaching Period Mode of Study
Armidale Trimester 2 Online
Armidale Trimester 2 On Campus
Intensive School(s) None
Supervised Exam There is a supervised exam at the end of the teaching period in which you are enrolled. The exam will either be paper-based and offered at an established exam venue or online with supervision via webcam and screen sharing technology. Coordinated by UNE Exams Unit.
Pre-requisites GSB748 or LSSU451 or LSSU251 and candidature in GradCertAcct or GradCertMgt or GradCertNDISBusDev or GradCertProfAcc or GradCertPubAcc or GradDipAcct or GradDipMgt or MArtsMgt or MBA or MBus or MCom(ProfAcc) or MComm(PubAcct) or MFinServ or MInfoTech(Bus) or MLead or MPA or MPABus
Co-requisites None
Restrictions MBA749 or LS379 or GSB749 or LS291 or LS391 or LSSU391

Legal Studies unit available to all students, other than Law students, subject to degree rules. Those students wishing to meet the qualification requirements of the Tax Practitioners Board should also consider enrolling in LSSU450, LSSU451, LSSU592, and LSSU593.

Combined Units None
Coordinator(s) Same Varayudej (
Unit Description

This unit is available to non-law students only. The unit introduces students to the legal principles applicable to commercial associations with an emphasis on corporations. The topics covered include: sole traders, partnerships and the law of agency; trusts (discretionary, unit, and hybrid); joint ventures; superannuation entities; the function and structure of companies; corporate governance; member's rights; corporate liability; corporate finance; takeovers and schemes of arrangement; financial records, financial reporting and audit requirements; and companies in distress.

Materials Textbook information will be displayed approximately 8 weeks prior to the commencement of the teaching period. Please note that textbook requirements may vary from one teaching period to the next.
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment Assessment information will be published prior to commencement of the teaching period.
Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate an advanced and coherent understanding of the nature and scope of the law of commercial associations as it relates to the law of entities and business structures, but focussing primarily on companies, the duties of directors and other officers of the company, members rights, company financing and financial reporting, securities control and takeovers and winding up;
  2. use creativity, initiative and professional judgement to critically discuss the effectiveness or otherwise of the current regulation of commercial associations to deal with major problems in corporate law and those of partnership and agency law;
  3. identify and critically analyse, synthesise, and consolidate a persuasive and coherent legal argument that applies principles of the law of commercial associations, especially corporate governance rules, to complex fact situations and identify remedies available for their enforcement; and also develop and present skilled analysis of the advantages and disadvantages of business structure choices; and
  4. demonstrate a well-developed ability to act independently to present a clear and coherent exposition of the relevant knowledge that evidences legal research, legal reasoning and professional judgment to legal issues relating to the law of commercial associations.