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Unit of Study

Business Regulation, Risk and Compliance
UoS Code CLAW2208
Credit points 6
Offered Semester 1
Prerequisites 24 credit points of study
Assumed Knowledge
Additional Information
Lectures Three hours of classes per week, which may include one or more of the following: lectures; seminars; tutorials or workshops
Assessment engagement and participation (10%), in-class tests (25%), presentation (15%), research assignment (40%), critique (10%)
Description Over recent years there has been a dramatic rise in the volume and reach of regulation in response to a variety of social, environmental and economic issues. Much of this regulation impacts on business, and its management who are, increasingly, personally liable. This unit has been designed to provide students with a comprehensive overview of the overall regulatory infrastructure which impacts on all faculty disciplines. Business Regulation, Risk and Compliance addresses self-regulation as an alternative to regulation by law; the regulatory process and the scope for business to influence regulatory initiatives; the alternative regulatory instruments; the executive arm of government - the bureaucracy - and the avenues for challenging administrative decisions; the investigative and enforcement powers of the major regulatory agencies - ACCC, ATO and ASIC; personal and corporate liability for regulatory breach; indemnification; whistleblowing and whistle-blower protection: regulatory compliance with special reference to Australian Standard AS3806-2006 on Compliance Standards and the strategies which facilitate legal action including class actions and litigation funding as well as the major alternatives to litigation including arbitration and alternative dispute resolution with particular emphasis on mediation.