Course

Law of Companies, Trusts and Partnerships - ATAX0009

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0009 Course Outline

Campus: ATAX Campus

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 0

Enrolment Requirements:

Prerequisite: ATAX0001

Excluded: ATAX0109

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

This course synthesises the general law governing the creation, and some key operational aspects, of each of partnerships, trusts and companies. Throughout, the focus is on clear understanding of general law principles, particularly those which underpin tax law principles. The relationship between partners, and between partnerships and outside parties, is examined closely. The nature of a trust is examined and the role of trustees is scrutinised. The nature of the interest of a beneficiary in a trust is also considered carefully. The course investigates the fundamental nature of corporations, the impact of the abolition of the concept of the par value of shares and the roles of the parties involved in corporations and in particular the responsibilities and duties of directors. Emphasis is placed on those issues which are important to tax law wherever applicable.


Recommended Prior Knowledge

None

Course Objectives

This course is designed to assist you in developing:
  • An understanding of the basic principles of the general law relating to partnerships, trust and companies
  • An ability to make comparisons between different types of business structures

Main Topics

  • Business structures
  • Trusts
  • Partnerships
  • The company as a business entity
  • Company capital and distributions
  • Company control, management and dissolution

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
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Study Levels

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