This subject examines key Australian legal concepts and issues directly relevant to business operations.  It covers the structure of the Australian legal system, sources of law, statutory interpretation, the court system and the doctrine of precedent.  It then examines substantive areas of tort, contract, agency, and the difference between various types of business organisations before focusing on corporations law, including the way in which corporations are formed, rules regulating internal relationships within corporations, relationships with outsiders, the duties of directors and other officers, fundraising and the termination of corporations, with a particular focus on liquidation.
Learning outcomes On successful completion of this subject, you should
be able to describe the Australian and other legal systems, explain which court has jurisdiction in any particular matter and apply the doctrine of precedent; be able to demonstrate a capacity to engage in legal research; be able to understand, explain and apply the rules of statutory interpretation; be able to understand and explain the law relating to torts, contracts, property and corporations law; be able to identify the legal issues arising out of novel factual situations, to analyse the applicable law and to differentiate between which rules are applicable and which are not and then apply the law to the problem; be able to explain and summarise the applicable law in such a way as to create a report which states what liabilities arise from novel factual situations.

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