BTC2000 Semester 1(S1-01) 2018 PDF

Preview

Summary

Guide...

Description



Unit Guide 

BTC2000 Australian company law Semester 1, 2018    Handbook link: http://monash.edu.au/pubs/2018handbooks/units/BTC2000.html The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time.

Last updated:15 Feb 2018

1

Table of contents Unit handbook information

4

Synopsis

4

Mode of delivery

4

Workload requirements

4

Unit relationships

4

Prerequisites

4

Prohibitions

4

Co-requisites

4

Chief Examiner

4

Unit Coordinator(s)

4

Campus Lecturer(s)

5

Tutor(s)

5

Academic overview

5

Learning outcomes

5

Teaching approach

5

Recording of lectures Unit schedule Assessment summary Second marking

6 8 9 9

Return of final marks

10

Exam viewing

10

Assessment criteria

10

Assessment requirements

10

Hurdle requirements

10

Assessment tasks

11

Examination(s)

14

Referencing requirements

15

Assignment submission

15

Feedback

16

Learning resources

16

Required resources

16

Technological requirements

17

Q Manual

17

Prescribed text and readings

17

Recommended resources

18

2

Examination material or equipment Other information

19 19

Policies

19

Student Academic Integrity Policy

19

Special Consideration

19

Graduate Attributes Policy

19

Student Charter

19

Student Services

20

Monash University Library

20

Disability Support Services

20

Other unit information

20

3

Unit handbook information Synopsis Topics covered in this course include: the separate legal entity status of companies and the concept of limited liability; the effect of registration; the corporate constitution and Replaceable Rules; the company's relationship with outsiders; corporate management incorporating extensive consideration of directors duties; share capital; regulation of public fund raising; members remedies covering statutory and common law rights of action; members meetings; and forms of corporate insolvency administration.

Mode of delivery Clayton (On-campus)

Workload requirements Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Unit relationships 

Prerequisites BTC1110, BTB1010, BTF1010 or BTP1010

Prohibitions BTB2220, BTC2210, BTF2220, BTG2220, BTW2220, BTX2000

Co-requisites None

Chief Examiner Name:DrVivienChen Campus:Clayton Phone:+61 3 990 52379 Email:[email protected]

4

Unit Coordinator(s) Name:DrVivienChen Campus:Clayton Email:[email protected] Phone:+61 3 990 52379 Contact hours:Please see Moodle for contact hours.

Campus Lecturer(s) Name:DrVivienChen Campus:Clayton Phone:+61 3 990 52379 Email:[email protected] Contact hours:See Moodle for contact hours 

Tutor(s) Name:MsRebeccaNeophitou Campus:Clayton Phone:+61 3 990 58182 Email:[email protected] Contact hours:See Moodle for contact hours  Name:MrGeraldWilliams Campus:Caulfield Phone:+61 3 990 32172 Email:[email protected] Contact hours:See Moodle for contact hours 

Academic overview Learning outcomes The learning goals associated with this unit are to: 1. demonstrate an understanding of the significance and functions of corporations as legal structures that facilitate the carrying on of business 2. identify, explain and apply legislation and case law to the internal and external regulation of corporations 3. develop skills in legal problem solving and analyse legal problems relating to corporations.

Teaching approach The teaching approaches used in this subject are:

5

● ● ● ●

Lecture (1.5hour) and tutorials (1.5 hour) with problem based case-studies Problem-centred learning Active learning Peer assisted learning.

Both lectures and tutorials are designed to be interactive sessions. Preparation is the key for students to gain the maximum benefit from their attendance. The topic of each week's lecture will be the centre of the followingweek's tutorial.

For lectures, youshould prepare as follows:

●

●

Download the lecture slides from Moodle (these will be made available week-by-week, ahead of each week's lectures) and - using them as a roadmap - pre-read the relevant parts of the prescribed text; Find any other material that has been uploaded to Moodle.

For tutorials, you shouldprepare as follows:

● ●

●

●

Read fully the material linked to the topic of the previous week's lecture; Make a note of any concepts within the topic's reading that you would like to have clarified in the tutorial; Prepare answers to the tutorial questions that are set for the week (you may prepare your tutorial answers in a group or in alone, but the important thing is to ensure that you have attempted answers for each of the activities so that you can obtain feedback in the tutorial); Be readyto actively participate in additional activities during the tutorial to further your learning.

Please note: Tutorials are intended to facilitate discussions and focus on analysis and problemsolving skills. Tutors will not provide a mini-lecture, and model answers to tutorial questions will not be provided. It is yourresponsibilityto ensure that youattend your enrolled tutorial. If you areunclear on any aspect of the material after class, youshould see a tutor during consultation times. Consultation times for tutors are available on the unit's Moodle site. There are a number of additional opportunities for further assistance, including sessions run by Learning Skills Advisers through the Monash Library, and self-formed study groups.



Recording of lectures This unit will have lectures (or seminars in the absence of lectures) recorded. These recordings will be available to current students. If there is more than one seminar or lecture stream, the Chief

6

Examiner may decide not to record each stream. In the event that there is an equipment failure and the lecture is not recorded in part or in full, no alternative recording will be provided. The Chief Examiner may determine a part or parts of lectures (or seminars) unsuitable for recording.

7

Unit schedule For units with on-campus classes, teaching activities are normally scheduled to start on the hour (teaching will commence on the hour and conclude 10 minutes prior to the scheduled end time). Students should note that the program outlined below is a guide to the material to be covered in this unit and not a definitive statement of when that material will be covered. Specific details relating to the timing will be discussed in class.

Week

Activities Lecture topics

Tutorial Program

1 (26 /2)

Topic 1: Regulatory framework; and Topic 2: Characteristics of the company and comparison with trusts

Ice-breaking & practical skills for BTC2000 Tutorial question 1 UCL p73 (Ch 2) Pre-tute reading: Nil.

2 (5/3)

Topic 3: Company registration Topic 4: Types of companies: partnerships, proprietary & public companies; and Trusts

Tutorial on Topics 1 & 2 Issues arising from Unit Guide Tutorial questions 2, 3 & 5UCL p73-74 (ch 2) Pre-tute reading: UCL ch 1, UCL ch 2 [2.05]-2.345] and also see ASIC's website (http://www.asic.gov.au).

3 (12 /3)

Topic 5: Fundraising

Tutorial on Topics 3 & 4: Tutorial question7 UCL p74 (ch 2); and questions 1 &2 UCL p103 (ch 3) Pre-tute reading: UCL ch 2 [2.350]-2.515] and UCL ch 3.

4 (19 /3)

Topic 6: Share Capital

Tutorialon Topic 5 Tutorial question3 UCL p 211 (ch 7);see Moodle Topic 5for additional tutorial question. Pre-tute reading: UCL ch 7 NB Test 1occurs on Monday 19 March March(on Topics 14).

5 (26 /3)

Topic 7: Shareholder meetings and annual financial reports plus auditors’ duties

Tutorial on Topic 6 Tutorial questions 1-3 UCL p254 (ch 8) Pre-tute reading: UCL ch 8 NB NB Individual Research Assignment is due Thursday29 March (12 noon).

6 (9/4)

Topic 8: Insider trading Topic 9:Constitution & replaceable rules

Tutorialon Topic 7 Tutorial question UCL p600 (ch 14),see MoodleTopic 7 foradditional tutorial questions. Pre-tute reading: UCL ch 14, UCL ch 15 and UCL ch 16: [16.105]-[16.230].

8

7 (16 /4)

Topic 10: Corporate management, directors' role ,the Board's powers, directors' remuneration Topic 11: Officers'/directors' duties - part 1

Tutorial on Topic 8 T utorial questions 1-2 UCL p783 (ch 19) Pre-tute reading: UCL ch 19: [19.05]-[19.45].

8 (23 /4)

Topic 11: Officers’/directors’ duties - part 1 (continued)

Tutorial on Topics 9 & 10: Tutorial questions 1-3 UCL pp127-128 (ch 4) Pre-tute reading: UCL ch 4 and UCL ch 12 NB Test 2 occurs on Monday 23 April April(on Topics 5-8).

9 (30 /4)

Topic 11 (ctd): Officers’ /Directors’ duties - part 2

Tutorial on Topic 11 (part 1): Tutorial question 2 UCL pp428-429 (ch 13.2) and Tutorial question 1-2 UCL p471 (ch 13.3) Pre-tute reading: UCL ch 13: [13.0.05]-[13.3.425].

10 (7/5)

Topic 12: Members’ remedies

Tutorial on Topic 11 (part 2): Tutorial question UCL p 504 (ch 13.4) and Question 2 UCL pp381-382 (ch 13.0) Pre-tute reading: UCL ch 13: [13.4.05]-[13.5.255].

11 (14 /5)

Topic 13: Corporate insolvency

Tutorial on Topic 12: Tutorial questions 1-2 UCL pp700-701 (ch 17) Pre-tute reading: UCL ch 17.

12 (21 /5)

Exam Revision & questions

Tutorial on Topic 13: Tutorial question 1 UCL p834 (ch 22) and Question 1 UCL p998 (ch 25) Pre-tute reading: UCL ch 22, UCL ch 24 [24.175] -[24.250] and UCL ch 25 [25.475 - 25.615].

(28 /5)

SWOT VAC

No formal assessment is undertaken in SWOT VAC.

Examination period

LINK to Assessment Policy: http://policy.monash.edu.au/policy-bank/ academic/education/assessment/assessment-incoursework-policy.html

Assessment summary Within semester assessment: 50% + Examination: 50% Assessment task

Value

Due date

Test 1 (online test)

10%

Monday 19 March 2018

Individual research assignment

25%

Thursday 29 March 2018 (midday)

Test 2 (online test)

15%

Monday 23 April

Examination

50%

To be advised

A student’s final mark is normally the sum of the marks obtained in all of the individual assessment items in the unit.

9

Second marking Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming the result. Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark, unless the total of such pieces exceeds 30% of the final mark.

Return of final marks Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board of Examiners taking into account all aspects of assessment'. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my.monash portal.

Exam viewing Feedback on student performance in examinations and other end-of-semester assessment is required. The feedback should be in accordance with the University's procedures on Unit Assessment. Details of the examination script viewing arrangements set down by the Faculty of Business and Economics are available athttps://www.monash.edu/business/current-students /admin-information/policies-and-procedures/examination-feedback-procedure

Assessment criteria Full details relating to the assessment requirements for this unit are available on Moodle and will be discussed in class on Day One. Assessment Criteria Grading Descriptors available at: https://www.monash.edu/__data/assets/pdf_file/0006/801690/Assessment-in-Coursework-UnitsGrading-and-Marking-Procedures.pdf

Assessment requirements Hurdle requirements There is a hurdle requirement in this unit. The learning outcomes in this unit require students to demonstrate in the final summative assessment task a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 50% in the final summative assessment task (i.e. at least 25/50 in the unit'sfinal exam). A student's final mark is normally the sum of the marks obtained in all of the assessment tasks in the unit,i.e. the within semesterassessment (50%)+ theexamination (50%). Where a student fails the unit solely because of failure to satisfy the hurdle requirement, a mark of 48 will be returned for the unit.

10

Assessment tasks Assessment task title:Test 1 (online test) Due Date: Date:Monday 19 March 2018 Weighting/Value: Weighting/Value:10% Details of Task: Students must ensure that they attempts and submit the Test1 via Moodle.Failure to submit your Test 1attempt online via Moodle within the time limit will result in zero marks for this assessment item. Please read the following information carefully. If you have any questions, please ask your lecturer or tutor.  Structure and administration of the assessment task task: ● The Test1is worth 10% of the overall marks in this unit. ● The Test 1will be conducted onlinevia this unit's Moodle site, at the beginning of Week 4. ● The Test1 will be availablefrom 8am Monday 19March until 8am Tuesday 20 March. ● The Test 1 will run for a maximum duration of 45minutes, commencing when you first open this Test online. ● There are sample multiple choice questions in the publisher's online materials for the prescribed text, and there is a (shorter) 'Practice Test' on this unit's Moodle page to familiarise yourself with the style of questions and the Quiz tool on Moodle. Assessable content: ● Test1will be based on materials covered in Topics 1-4, plus logical problem-solving (IRAC/ILACstyle) in the context of problems related to Topics 1-4. ● There will be 10-15 questions in Test1. Permitted materials: ● Any books or materialsmay be used, but you mustwork alone and submit yourown answers. ●Youmust not discuss their Testquestions or answers with other students untilthe Test is closed and feedback has been released. Exam and academic conduct policies apply:Any student cheating with respect to any assessment taskwill face disciplinary actionthat can result in being excluded from studying at Monash. Student feedback feedback:  Youranswers will be marked online and feedback will be released in Moodle. Overall feedback will bediscussed in the next week's lecture and/or tutorials. Youare encouraged to seek additional advice from your tutorif necessary.

11

Application for special consideration consideration: Any application for special consideration must strictly follow the requirements of the relevant policy. http://www.monash.edu/exams/changes/specialconsideration 

Release date: Test 1 will be open from 8am Monday 19 March until 8am Tuesday 20 March 2018 only. Word limit:NA Presentation requirements: requirements:You have one (1) attemptat Test1.The time limit is 45minutes from the time you first open Test1, or the Test1 closing time (whichever occurs first). Estimated return date: 21 March Hurdle requirements: requirements:NA Criteria for marking: marking:NA  Learning objectives assessed: assessed:Objectives 1 - 2(for Topics 1 - 4only) Submission details: Test 1 is accessed and submitted online via the unit's Moodle site. Make sure you save your answers and follow the prompts to submit your answers to this Test. Penalties for late lodgement: Students must ensure that they attempts and submit their Test 1.No late test attempts will be possible. Failure to submit your Test 1 answers within the set time will result in zero marks for this assessment item. Assessment coversheet: NA Additional information: information:NA

Assessment task title:Individual research assignment Due Date: Date:Thursday 29 March 2018 (midday) Weighting/Value: Weighting/Value:25% Details of Task: Students will be provided with the details of the assignment in week 2 of the semester. The assignment will be posted on Moodle by the end of week 2. Meeting the assignment due date is essential. Note: Extensions will only be granted in special circumstances. Students will need tto o see Dr Vivien Chen to seek anextension. The assignment is an individual assignment. There is a strict word limit of 1200 words +/-10% words (including footnotes and references).

Release date: Monday 5 March 2018 (i.e. beginning of week 2) Word limit: 1200 words (including references). A tolerance of +/-10% will be permitted without penalty. Presentation requirements: requirements:Assignments must be typed with minimum of size 12 font, at least 1.5 line spacing, and including a bibliography/reference list. Headings(and sub-headings) may be used, and often add clarity.All sources must be acknowledged. You may use either AGLC referencing style (using footnotes)or APA 6threferencing style (using in-text referencing), but do not combine the two referencing systems. Your assignmentmust be submitted online via the unit's Moodle site Assignment dropbox, and it must be in PDF format.

12

Submissions exceeding the word limit by more thanthe permitted 10% tolerance will incur a penalty, and no submission will be marked beyond 1500 words (including footnotes and references).  Estimated return date: We aim to return feedback on students' assignments early in Week 8 of the semester. Feedback on assignments will be returned to students via the unit's Moodle site. Hurdle requirements: requirements:NA Criteria for marking: marking:The assignment will be graded according to the following: ● ● ●

● ●

Identificati...