This is a compulsory subject for the Graduate Diploma in Legal Practice which covers the core skills area ‘Commercial and Corporate Practice’.
The aim of this subject is to equip students with the necessary skills and knowledge required to conduct commercial transactions, such as the purchase of a business, on behalf of a client and provide advice on revenue implications in such transactions, as well as financing options.
|Academic unit:||Faculty of Law|
|Subject title:||Commercial and Corporate Practice|
Delivery & attendance
|Prescribed resources:||No Prescribed resources. After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.|
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.|
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
|Restrictions: ?|| This subject is not available to|
This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Define and analyse the operation of commercial law in practice, involving identification of client rights; the legal requirements for setting-up commercial structures and carrying-out commercial transactions.
- Identify options with respect to business asset financing and revenue implications of commercial transactions and communicate them to a client in a way in which they could be understood and acted upon.
- Practise the process of purchasing a business and acting in the interests of a client in such transactions.
- Appraise the processes involved in the purchase of a business and the role of a solicitor in the preparation of documents necessary for the carrying into effect of the transaction.
|Draft Document ^||Draft Letter of Advice (Setting up Commercial Structures), including advice on Revenue implications of carrying-on business||C||Week 3||1, 2.|
|Draft Document ^||Draft Contract for Purchase of Business (including Special Terms)||C||Week 7||1, 2, 4.|
|Draft Document ^||Draft Letter of Advice on Mortgage Terms and Draft National Mortgage form||C||Week 11||1, 2, 3, 4.|
|Draft Document ^||Commercial File (Electronic), including Final Itemised Account to Client||C||Week 12||3, 4.|
Students must receive a passing mark in all assessments to pass the subject.
- ^ Students must pass this assessment to pass the subject
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
|Pass||Usually awarded to students whose performance meets the requirements set for work provided for assessment.|
|Fail||Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.|
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Policy on plagiarism
University policy on plagiarism defines plagiarism as taking and using another person's thoughts, ideas or writings and passing them off as one's own. The University considers the act of plagiarizing to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.