Understanding Company Law, 16th Edition

Understanding Company Law, 16th Edition

By Phillip Lipton, Abe Herzberg, Michelle Welsh

Book

$106.37* $132.95 RRP Save: $26.58 (20%)

Date: 20/12/2011

Code: 9780455230054

Thomson Reuters, AUSTRALIA

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Book Understanding Company Law, 16th Edition 20/12/2011 9780455230054 $106.37
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Description

Understanding Company Law, 16th Edition is a leading text on Australian company law. Its logical structure and accessible approach make it ideal for business law students of company law and its depth of analysis and coverage make it just as highly suitable for undergraduate law students undertaking a corporations law unit.

The 16th edition incorporates a number of significant recent amendments to legislation and case law. These include:

  • Personal Property Securities (Corporations and Other Amendments) Act 2011, which incorporates into the Corporations Act the reforms introduced by the Personal Property Securities Act 2009 (PPS Act). The PPS Act replaced the previous law which regulated personal property securities on the basis of the legal form of the transaction and its terminology and concepts have been included into the Corporations Act.
  • Corporations Amendment (Financial Market Supervision) Act 2010, which came into operation in August 2010 and transferred supervisory responsibility for Australian licensed financial markets from the ASX to ASIC. ASIC now has the power to make and enforce "market integrity rules" and is responsible for the supervision of financial markets and enforcement of laws dealing with misconduct by market participants.
  • Corporations Amendment (Corporate Reporting Reform) Act 2011, which aims to streamline Australia’s corporate reporting framework and reduce unnecessary reporting compliance requirements.
  • Corporations Amendment (Sons of Gwalia) Act 2011, which overrules the High Court decision in Sons of Gwalia v Margaretic. This Act, among other things, provides that all claims in relation to dealing with shares are ranked equally and after all other creditors’ claims.
  • Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011, which strengthens Australia’s remuneration framework by implementing a number of recommendations made by the Productivity Commission’s 2010 report.

This edition also includes a number of important cases, the most significant of which are Morley v ASIC and ASIC v Healey, dealing with directors’ duty of care.

Understanding Company Law, 16th Edition contains insightful explanations of the many issues students will have to address in this complex and often convoluted area of law, in a way that will enlighten and enliven their study of company and corporations law in Australia.

Editorial Reviews

From: Ethos, June 2012
Reviewed by Dr Gregory Xu, Ince & Co

Understanding Company Law lives up to its assertion that it is a “leading text on Australian company law”. Now in its 16th edition, it remains a useful reference for law students studying company law and practitioners in this particular field.

The book deals with the principles applicable from the time of the “birth” (i.e. incorporation) of a company to its “death” (i.e. insolvency, dissolution etc.), all of which are dealt with considerable level of depth in the book.

In the preliminary chapters, the authors addresses topics concerning the wider Australian regulatory framework governing companies in Australia and the matters to be considered when incorporating them, including the structure, the mandatory rules and its membership. The book then progresses to more advanced topics relevant for practitioners managing corporations on a day-to-day basis, including the role of directors and shareholders and various corporate governance principles.

In-depth coverage of other topics including takeovers and financial services and investments are included in the book.

I would highly recommend this text to anyone wanting to learn more about Australian Company Law. The depth and scope of coverage is excellent and it is one of the “must read” book in this field.

Table of Contents

1. Regulatory Framework
2. Registration and Its Effects
3. Types of Companies
4. Constitution and Replaceable Rules
5. The Company’s Relations with Outsiders
6. Promoters and Pre-registration Contracts
7. Fundraising
8. Share Capital
9. Membership
10. Dividends
11. Debentures and Loan Capital
12. Directors
13. Corporate Governance and Duties of Directors
14. Shareholders’ Meetings
15. Financial Reporting and Disclosure
16. Auditors
17. Members’ Remedies
18. Takeovers
19. Financial Services and Markets
20. Managed Investments
21. ASIC Investigation Powers
22. Corporate Insolvency
23. Receivership
24. Voluntary Administration
25. Liquidation

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