LEGL6005

Co-operative Law and Governance

10 Units

This course introduces students to the legal frameworks that govern co-operative organisation in Australia. The main point of reference will be company law. The course will compare the key legal identity features of the company and the co-operative models and consider how these features are divided between the models enabling framework and its internal governance rules. The course will explore the impact of laws and regulatory infrastructure on the co-operative model and its ability to develop and grow. The course will mainly consider Australian co-operative law, but we will compare laws in other jurisdictions where there are significant variations in application or effect.

Faculty Faculty of Business and Law
School Newcastle Law School
Availability Trimester 2 - 2018 (Online)
Learning Outcomes

On successful completion of this course, students will be able to:

  1. Identify and compare the key legal characteristics of companies and co-operative business models;
  2. Explain the legal requirements for formation and maintenance of the co-operative and compare these with the requirements for companies;
  3. Evaluate the role of internal governance rules in ensuring the co-operative’s effective legal identity;
  4. Analyse the co-operative’s capital conundrum and the advantages and disadvantages of legal reforms that allow access to external capital;
  5. Critically evaluate the potential role of social accounting and audit in reinforcing the co-operative’s distinct legal identity.
Content

The topics in this course include the following:

MODULE 1: CO-OPERATIVE LEGAL IDENTITY

  1. What is a co-operative? – a legal perspective.
  2. The choice of legal entity for a co-operative business
  3. Co-operative formation and registration

MODULE 2: MANAGEMENT AND GOVERNANCE

  1. Internal governance – Management
  2. Internal governance – Members  and meetings
  3. Directors and director’s duties

 

MODULE 3: BUSINESS DEALINGS

  1. Transacting with others
  2. Access to capital
  3. Dealing with financial stress

MODULE 4: REPORTING, DISCLOSURE AND AUDIT

  1. Legal obligations and the financial metric of performance
  2. Measuring value, the case for social accounting and audit.
Assumed Knowledge Foundation knowledge of the Australian legal system, LEGL1001 or equivalent
Assessment Items
  • Quiz: Revision Multiple Choice Questions
  • Written Assignment: Case Study
  • Written Assignment: Research Report

Contact Hours

Online

Online Activity

Online 4 hour(s) per Week for Full Term
Students will be required to complete 4 hours of guided learning via online preparation, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Timetable 2018 Course Timetables for LEGL6005
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