University of Tasmania, Australia

Now BFA213

Students in the Accounting Major examine corporate financial reporting whilst students in the Business Management Major focus on generalist management skills including the management of large corporations. Students in the Corporate Governance Major examine the governance and management of corporations. Students in the three majors need to know about the Corporations Legislation and the Trade Practices Act and understand how they regulate the business activities of companies and their managers. This Unit allows students to obtain such knowledge. With regard to corporations, it examines: the nature and operation of companies; the corporate constitution; share and loan capital; fundraising; management of companies; the role and responsibilities of directors and officers; dividends; takeovers; accounts and audit; corporate financial distress; winding up; liquidation; corporate regulation; and, the role and powers of the Australian Securities and Investments Commission (ASIC) . In relation to trade practices, students are introduced to the regulation of anti-competitive behaviour including price fixing, boycotts, misuse of market power, exclusive dealing, resale price maintenance; mergers and acquisitions. Authorisations and notifications are examined together with the role and powers of the Australian Competition and Consumer Commission (ACCC) . Finally, a broad overview of the consumer protection provisions of the Trade Practices Act is provided in so far as those provisions affect the business activities of corporations and their management.

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