Business Law Major (Master of Commerce and combined Master of Commerce programs)

Description

The legal system is part of the environmental framework for all business activity. This means that business must identify new legal standards as the law changes and determine suitable policies and practices for meeting those legal requirements. The development of a knowledge economy has also increased the need within organisations for expertise in both traditional areas like contract law and new fields like intellectual property and eBusiness transactions. The Business Law major is designed to develop a sound understanding of the impact of commercial law on business activity. Graduates will also be able to recognise potential legal problems and work in house on their solution, and to recognise when to seek expert advice and maximise interactions with the legal profession. The emphasis throughout the major is on the legal problems likely to be encountered by graduates in their future careers, whether these be in the public or private sectors. This major adds value to any business graduate by providing a framework of legal knowledge and capabilities in problem framing and solution, assessment of risk and compliance. Commercial law has always been an important part of the professional education of accountants (the units are accredited for accounting purposes) and provides a useful second major for students specialising in business or finance related fields.

Please Note: Students who wish to complete a Business Law major under the Master of Commerce and Master of Professional Accounting will need to follow slightly different requirements for a major. Please refer to the Business Law (Master of Commerce and Master of Professional Accounting) entry for further details if you wish to complete an accounting major under this combined degree.

Requirements for the major

Students who intend to complete a major in Business Law must complete the following foundation level unit of study as a prerequisite for the major:

• CLAW5001 Legal Environment of Business

To obtain a Business Law major, students must complete four elective units of study (24 credit points) from the following:

• CLAW6002 Corporations Law
• CLAW6006 Insolvency Law
• CLAW6007 Issues in Law and International Business
• CLAW6026 Concepts of Australian Taxation
• CLAW6028 Corporate Governance, Law and Ethics
  

Please note:

1. The units listed above are those units which are being offered for the current year only. For details of units of study that available as electives in this major, please refer to the Faculty handbook.
2. The foundation level unit of study CLAW5001 is the prerequisite unit for most of the 'CLAW' units of study in this major.

Availability of this major

This version of this major is available under the

• Master of Commerce,
• Master of Commerce and Master of Facilities Management
• Master of Commerce and Master of Logistics Management
• Master of International Business and Master of Commerce
• Master of Transport Management and Master of Commerce

Students enrolled in the Graduate Diploma in Commerce or the Master of Professional Accounting may choose units from this major subject area as electives in their course.

Students who wish to complete a Business Law major under the Master of Commerce and Master of Professional Accounting will need to follow slightly different requirements for a major. Please refer to the Business Law (Master of Commerce and Master of Professional Accounting) entry for further details if you wish to complete an accounting major under this combined degree.