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Unit of study_
CLAW5001: Legal Environment of Business
2023 unit information
All business conduct is regulated by the law. Every transaction and every relationship is governed by an increasingly complex mix of statutory and judge-made laws. The ability to identify and manage legal risks, and knowledge of compliance and dispute resolution strategies, are essential business management skills. This unit examines the legal framework and regulatory regime within which all businesses operate in Australia and in a global economy. It introduces students to the legal implications of commercial conduct and provides an overview of the Australian legal system and threshold legal concepts of agreement, ownership, and civil and criminal liability. Key areas of substantive business law are examined including contracts, torts (in particular negligence and the economic torts), property and securities, and crime. The unit also provides students with an overview of areas of legal regulation with an increasingly significant impact on business operations including: privacy, intellectual property rights, competition law, consumer law (in particular advertising regulation, product liability and unfair contracts), misleading conduct and unconscionable conduct.
Unit details and rules
Managing faculty or University school:
Business (Business School)
| Study level | Postgraduate |
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| Academic unit | Accounting |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. describe and discuss the legal framework within which business operates in Australia
- LO2. identify and analyse legal issues arising from given fact situations in business contexts
- LO3. resolve problems by applying the relevant legal principles, evaluating the possible solutions and developing logical and coherent arguments to support conclusions
- LO4. communicate about the law, orally and in writing, to a professional standard
- LO5. work collaboratively with people from diverse backgrounds with inclusiveness and integrity.
Unit availability
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