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Law of Companies, Trusts and Partnerships - ATAX0009
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Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: ATAX0001
 
 
Fee Band: 1 (more info)
 
 
Further Information: See Class Timetable
 
 

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

Assessment

2 Assignments
1 Exam

Course Texts

Prescribed

  • Evans M, Equity & Trusts (Sydney: Butterworths LexisNexis, 1st ed, 2003)
  • Lipton P & Herzberg A, Understanding company law (Sydney: Law Book Co, 13th ed, 2006)
Acts
You must purchase or have access to the following publications:
  • The Partnership Act relevant to your State or Territory
  • The Trustee Act of your State or Territory
  • Corporations Act 2001
Citation and Style Guides
The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp
Recommended
Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.