MLL318 - Insolvency
Unit details
| Offering information: | Not offered in 2013 |
|---|---|
| Enrolment modes: | (B, X) |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit chair: | A Kamalnath |
| Prerequisite: | MLL110, MLL111, MLL213, MLL218, MLL214, MLL215, MLL221 |
| Corequisite: | Nil |
| Incompatible with: | Nil |
| Contact hours: | 1 hour per week with cloud learning content of approx. 80 minutes per week |
Note:Online teaching methods require internet access. Please refer to the most current computer specifications. | |
Content
When businesses are unable to pay their debts, there are significant legal consequences for parties connected with the business. This unit examines the meaning and nature of insolvency. It examines the potential consequences of insolvency for the individuals who ran the business and the rights and obligations of employees, creditors (including the Australian Taxation Office) and other parties linked to the business or its officers. The unit also explores the process leading to insolvency; other options that may be available to businesses in financial difficulty and the role of administrators and liquidators.
Assessment
Written assignment (group of 2 students, 3000 words) 40%, examination 2 hours 60%