Classes will progress through the various Lecture Areas referred to in this Unit Guide. Besides face-to-face delivery of lectures, an online version will be available for the students who are unable to return to campus or who choose to continue their studies online. There may be some reorganisation, overlapping, and/or integration of areas to accommodate assessment, holiday scheduling, unit structure or class management. Students should note that, together with the designated practice questions, the classes may cover other issues relevant to the unit.

The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/

Students must remain in their allocated classes.

Required Text: Quilter, Company Law Perspectives, 4th ed. 2020, Thomson Reuters (Lawbook Co.). 

Company Law Perspectives, 4th ed. 2020 is available in the Macquarie University library. It can be purchased directly from the publishers Thomson Reuters via their website: https://legal.thomsonreuters.com.au/student/university/macquarie/.

The following is recommended for further reading:

  Lipton, Herzberg and Welsh, Understanding Company Law, Thomson Reuters (Lawbook Co.). 

After considering the Australian legal framework and aspects of general commercial law, the unit will focus on corporate issues and the relevance and effect of the Corporations Act. Students should note that certain relevant sections of the Corporations Act are set out in Company Law Perspectives 4th ed. 2020. Statutes may be viewed in full at: www.austlii.edu.au

Useful websites:

• www.asic.gov.au
• www.asx.com.au
• www.takeovers.gov.au

Relevant unit material (if any) is/will be available on the learning management system (iLearn)

This unit is taught by way of seminars. Practice questions are discussed to enable the application of content.

Students should take responsibility for their own learning and this will incorporate reading as required, attendance at seminars, developing effective study strategies, reflection on their abilities, and a task-oriented approach to assessment – that is, do not think solely about gathering information - think about what will be required - what makes for successful performance in tests, assignments, and examinations - how you will use the law you have studied. There are 2 main components of successful commercial and company law study: one is that students must have some knowledge of the core issues of the relevant topics [take short clear notes in classes, think about your task, involve yourself in classes], the second is that students will only be successful if they can apply what they have learned, that is, in your test, assignment, or examination, you have to be able to use the law to solve problems, communicate, analyse and explain.

Students should be ready to allocate at least 150 hours during the session (in total) to ACCG6014. This includes all classes, assessment (estimates for assessment allocation are set out above under “Assessment Tasks”), personal study and other learning activities.

Technology Used and Required: 

Technology used: learning management system (https://ilearn.mq.edu.au/login/index.php). Students have to frequently access this Unit's iLearn site (https://ilearn.mq.edu.au/login/index.php) for relevant unit material (if any), announcements and detailed information regarding the Unit.

There is no major change from the offering of this unit in S2 2020.

Because 2 April 2021 (Friday) is a public holiday, the topic for Week 6, CORPORATE FINANCING and DIVIDENDS, is moved to be included in Week 7.

The Online Quiz will be held in Week 6. 

Late Submission(s): Where the assessment is to be submitted through Turnitin, the late assessment must also, where applicable, be submitted through Turnitin. No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission incurs a 20% penalty). Late submissions will not be accepted after solutions have been discussed and/or made available.   This penalty does not apply for cases in which an application for Special Consideration is made and approved. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.