Answer: Role of ASIC ASIC or Australian Securities and Investment Commission is an independent governing body in Australia that works as an integrated consumer credit, corporate, markets and financial services regulator. It operates under the Corporations Act 2001 and ASIC Act 2001. This particular segment discusses the investigation done by ASIC upon the top financial institutions regarding their governance of non-financial risks. The Articl...Read More
Answer: The directors are the main backbones of any company and they are provided with numerous duties and liabilities the breach of which can make them liable as per the said Act. One of such duties is the continuous disclosure of information that has the effect on market value. Continuous disclosure exists on the principle such that all the investors must have equal access to the company information regularly. In the present assignment, this...Read More
Answers: Task 1 1. Legal system: The legal framework in the HKSAR region comprises of two primary legislative systems. The two legislative systems are known as the Rule of the law and the Sources of the Law. These two laws define and govern the legal entities within the region of HKSAR. The evaluation of the legal framework has been portrayed in the following: The Rule of the law: The rule of law is one of the most looked upon and...Read More
Answer: Stage 1: 1: BATNA is the Best Alternatives To Negotiated Agreements according to which the parties negotiate on the best alternatives obtainable by them. According to Fells 2016, it can be explained that negotiation is effective if the results are connected to the interest of the parties and the parties derive benefits from such interests. According to Goldberg et al. 2014, it can be explained that negotiation is a dispute resolution s...Read More
Answer: The issue involved here is to check what legal rights Solartec has in against Bill and other former executives considering the duties of a director and officers mentioned under common law and legislation. Directors and executives are people who run the company with their skills and take decisions on behalf of the business. In such a situation, these people have certain responsibilities towards the different stakeholders of the co...Read More
Answer: Area of Law Concerned Whether the directors of Exotic Ltd can be rendered liable for their contravention of duty of care and diligence with respect to their failure to undertake proper measures along with failure in reporting financial risks towards shareholders with respect to foreseeable climatic change risks probable to cause injury towards the company which might include reputational harm as well. Relevant Legal Principles As pe...Read More
Answer: 1. According to the Common law of Australia, there is an essential feature of any contract of employment that it is an implicit duty of employee to carry activities according to the law and by considering the reasonable direction from their employer. In other words it can be said that employee should comply legal and reasonable guidelines provided by employer. It is the duty of employee to comply with all direction that are related with...Read More
Answer: First Part In ‘The Parable of the Sadhu’ the author was seen as discussing about the concept of corporate ethics as opposed to individual ethics. According to the author the incidence with the sadhu was an example for the difference between individual ethics and corporate ethics. Personal or individual ethics are the moral beliefs of any individual about actions that are right and actions that are wrong (WRITER, 2016). Cor...Read More
Answer: Australian Woollen Mills Pty Ltd v Commonwealth The abovementioned case is an iconic judgement in the area of contract law of Australia as it indicates what an ‘Offer’ is and when it becomes a binding contract. An offer made by one party to conduct a certain activity or do something in association with another act that needs to be taken care of by another party is what an Offer is. When an individual or a party agrees upon...Read More
Answer: Issue Several issues arise concerning what different people did in this case scenario especially if it is considered that the Firearm Restriction (Terrorist Organisations) Act 2020 had been passed. This act restricts people from taking part in different forms of behavior. The act was passed by the federal parliament and its provisions prohibit possession, ownership, and/or use of firearms. In this case, firearms are regarded as a shot...Read More
Answer: Negligence Issue:The issue that gave rise to this particular discussion is whether Stan has any rights to file a suit against Wendy for his own physical injury? Rule: Negligence is an act on part of an individual who tries to neglect his/ her duty of care that causes injury to another be it in physical form, mental or even economic. Negligence is deemed to be an act of carelessness on part of an individual that causes harm to an...Read More
Answers: 1 A sole trader is considered as an individual or any entity who practices a business alone. It is measured as the easiest method of occupation and the inexpensive procedure of the commerce where other than the sole trader no other person or entity shall be obligated for the profits incurred and the losses in the business. A Company is mentioned as any body or organization that is devouring a separate individuality separately f...Read More
Answer: 1: The national sporting organizations in the territory have maintained various rules or laws to maintain their organization. There are several sporting organizations such as the Australian Football League, National Rugby League and many others. The Directory of the Sports of Australia has restricted the particulars of these organizations, in addition to it is recognized the people of the organizations who are concerned in the improve...Read More
Answers: Week 1 The major three sections amongst which the Australian Constitutional powers are divided include the Exclusive powers, Concurrent powers as well as the Residual powers. Exclusive powers include the powers held by the Commonwealth in order to construct a legislation that has to be regulated by all the states and the territories as well. No state has such power to do so in respect with a certain areas. An instance of Exclusive po...Read More
Answers: 1. Issue The issue involves in the instant scenario is what are the rights if the offeree under Law of Contract. Rule A contract is described as series of promises or promise that is binding under law. In this perspective a promise is describe as responsibility taken by one individual to perform something or abstain from performing something if another individual perform something or abstain from performing something or invites an...Read More
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