AYB230 Corporations Law
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB230 |
|---|---|
| Prerequisite(s): | 96 credit points of completed studies. |
| Antirequisite(s): | LWB334 |
| Equivalent(s): | AYX230 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,040 |
| Pre-2021 CSP student contribution | $1,597 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,024 |
| International unit fee | $4,044 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
| Coordinator: | Ellie Chapple | larelle.chapple@qut.edu.au |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies.Relates to: UG Business Capabilities: SE (5.1)
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations lawRelates to: UG Business Capabilities: HO (2.2)
- Apply knowledge of corporations' regulation to respond to legal issues of corporations
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response.
- Explain data protection principles and identify privacy regulations for data and information.Relates to: UG Business Capabilities: SE (5.1)
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give students a fair understanding of the nature of the principal laws relating to companies in the Australian business environment. There are three main elements to the learning and teaching strategies to this unit - lectures, tutorials and an assignment.
Lectures
Students are expected to attend lectures each week. Lecture notes are provided each week for students. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture. You can access online units using any computer that has Internet access. The QUT Student Computing Guide contains information on how to access and use the computing facilities at QUT.
Tutorials
Students are expected to attend tutorials each week. Tutorials commence in Week 2. Once allocated to a tutorial, students must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances and the express consent of the unit coordinator is given. Students are permitted to only attend one tutorial per week. Students are expected to access the tutorial questions from the AYB230 Canvas site each week, and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. Students are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Assignment
This unit uses Turnitin, a tool in Canvas, which is a text matching tool that assists students to develop the academic skills required to correctly use and cite reference material as well as to check citations and determine possible instances of plagiarism. You will be expected to submit a final version of one or more assignments using this tool. Your Unit Coordinator will provide detailed information on how the tool will be used in this unit.
Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in Topics 1-5.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Chapple (editor) Wong, Baumfield, Copp, Cunningham, Kamalnath, Watson, Harpur, "Company Law: An interactive approach" Wiley, 2nd Edition, 2022. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3, ULO4, Online Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam
KS (1.1): Discipline Knowledge
Relates to: Online Quiz, Final Exam
SE (5.1): Ethical and Legal Understanding
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
SE (5.2): Global Social Responsibility
Relates to: ULO4, Problem Solving Task, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 1 2024, Online
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies.Relates to: UG Business Capabilities: SE (5.1)
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations lawRelates to: UG Business Capabilities: HO (2.2)
- Apply knowledge of corporations' regulation to respond to legal issues of corporations
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response.
- Explain data protection principles and identify privacy regulations for data and information.Relates to: UG Business Capabilities: SE (5.1)
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give students a fair understanding of the nature of the principal laws relating to companies in the Australian business environment. There are three main elements to the learning and teaching strategies to this unit - lectures, tutorials and an assignment.
Lectures
Students are expected to attend lectures each week. Lecture notes are provided each week for students. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture. You can access online units using any computer that has Internet access. The QUT Student Computing Guide contains information on how to access and use the computing facilities at QUT.
Tutorials
Students are expected to attend tutorials each week. Tutorials commence in Week 2. Once allocated to a tutorial, students must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances and the express consent of the unit coordinator is given. Students are permitted to only attend one tutorial per week. Students are expected to access the tutorial questions from the AYB230 Canvas site each week, and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. Students are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Assignment
This unit uses Turnitin, a tool in Canvas, which is a text matching tool that assists students to develop the academic skills required to correctly use and cite reference material as well as to check citations and determine possible instances of plagiarism. You will be expected to submit a final version of one or more assignments using this tool. Your Unit Coordinator will provide detailed information on how the tool will be used in this unit.
Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in Topics 1-5.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Chapple (editor) Wong, Baumfield, Copp, Cunningham, Kamalnath, Watson, Harpur, "Company Law: An interactive approach" Wiley, 2nd Edition, 2022. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3, ULO4, Online Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam
KS (1.1): Discipline Knowledge
Relates to: Online Quiz, Final Exam
SE (5.1): Ethical and Legal Understanding
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
SE (5.2): Global Social Responsibility
Relates to: ULO4, Problem Solving Task, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
| Coordinator: | Ellie Chapple | larelle.chapple@qut.edu.au |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies.Relates to: UG Business Capabilities: SE (5.1)
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations lawRelates to: UG Business Capabilities: HO (2.2)
- Apply knowledge of corporations' regulation to respond to legal issues of corporations
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response.
- Explain data protection principles and identify privacy regulations for data and information.Relates to: UG Business Capabilities: SE (5.1)
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give students a fair understanding of the nature of the principal laws relating to companies in the Australian business environment. There are three main elements to the learning and teaching strategies to this unit - lectures, tutorials and an assignment.
Lectures
Students are expected to attend lectures each week. Lecture notes are provided each week for students. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture. You can access online units using any computer that has Internet access. The QUT Student Computing Guide contains information on how to access and use the computing facilities at QUT.
Tutorials
Students are expected to attend tutorials each week. Tutorials commence in Week 2. Once allocated to a tutorial, students must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances. Students may however choose to attend any online tutorial when offered. Students are expected to access the tutorial questions from the AYB230 Canvas site each week, and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. Students are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Assignment
This unit uses Turnitin, a tool in Canvas, which is a text matching tool that assists students to develop the academic skills required to correctly use and cite reference material as well as to check citations and determine possible instances of plagiarism. You will be expected to submit a final version of one or more assignments using this tool. Your Unit Coordinator will provide detailed information on how the tool will be used in this unit.
Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in Topics 1-5.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3, ULO4, Online Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam
KS (1.1): Discipline Knowledge
Relates to: Online Quiz, Final Exam
SE (5.1): Ethical and Legal Understanding
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
SE (5.2): Global Social Responsibility
Relates to: ULO4, Problem Solving Task, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 2 2024, Online
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies.Relates to: UG Business Capabilities: SE (5.1)
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations lawRelates to: UG Business Capabilities: HO (2.2)
- Apply knowledge of corporations' regulation to respond to legal issues of corporations
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response.
- Explain data protection principles and identify privacy regulations for data and information.Relates to: UG Business Capabilities: SE (5.1)
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give students a fair understanding of the nature of the principal laws relating to companies in the Australian business environment. There are three main elements to the learning and teaching strategies to this unit - lectures, tutorials and an assignment.
Lectures
Students are expected to attend lectures each week. Lecture notes are provided each week for students. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture. You can access online units using any computer that has Internet access. The QUT Student Computing Guide contains information on how to access and use the computing facilities at QUT.
Tutorials
Students are expected to attend tutorials each week. Tutorials commence in Week 2. Once allocated to a tutorial, students must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances. Students may however choose to attend any online tutorial when offered. Students are expected to access the tutorial questions from the AYB230 Canvas site each week, and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. Students are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Assignment
This unit uses Turnitin, a tool in Canvas, which is a text matching tool that assists students to develop the academic skills required to correctly use and cite reference material as well as to check citations and determine possible instances of plagiarism. You will be expected to submit a final version of one or more assignments using this tool. Your Unit Coordinator will provide detailed information on how the tool will be used in this unit.
Students should refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Online Quiz
This examination involves 20 multiple choice questions covering all (or possibly covering all) topics covered in Topics 1-5.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO3, ULO4, Online Quiz, Final Exam
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam
KS (1.1): Discipline Knowledge
Relates to: Online Quiz, Final Exam
SE (5.1): Ethical and Legal Understanding
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
SE (5.2): Global Social Responsibility
Relates to: ULO4, Problem Solving Task, Final Exam
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Online Quiz, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Online Quiz, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam