Class presentation (10%): Students will be on-call for 1 class during semester (selected by the unit coordinator). Students can be asked questions about cases and topics from the prescribed reading. Students who are unable to be present for their allocated on-call must apply for special consideration and if granted will be re-allocated to another class. A failure to attend and present in the on-call class may lead to an Absent Fail grade being awarded.

This assessment item will satisfy Learning Outcome 1 (LO1) by requiring students to demonstrate an accurate understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency during class discussions and activities. It will satisfy Learning Outcome 2 (LO2) by requiring students to demonstrate an appreciation of the interrelationship between personal and corporate insolvency law and the general law. It will satisfy Learning Outcome 3 (LO3) by requiring students to explain an accurate understanding of the commercial and legal difficulties that can arise in times of financial stress and be able to synthesize competing perspectives on these different interests. It will satisfy Learning Outcome 4 (LO4) by requiring students to explain an accurate understanding of the competing interests of stakeholders in common insolvency scenarios and be able to synthesize these competing interests.

Problem question (30%): Students will complete a written assignment in response to a problem based on the bankruptcy classes. The word limit is 2,000 words. The problem will be released at the end of Week 1 and will be due on 29 March 2023 6pm (Sydney, Australia time). The outcome of a grant of special consideration application may include an alternative task, at the discretion of the Unit Coordinator.

This assessment item will satisfy Learning Outcome 1 (LO1) by requiring students to demonstrate an accurate understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency during class discussions and activities. It will satisfy Learning Outcome 2 (LO2) by requiring students to demonstrate an appreciation of the interrelationship between personal and corporate insolvency law and the general law. It will satisfy Learning Outcome 3 (LO3) by requiring students to explain an accurate understanding of the commercial and legal difficulties that can arise in times of financial stress and be able to synthesize competing perspectives on these different interests. It will satisfy Learning Outcome 4 (LO4) by requiring students to explain an accurate understanding of the competing interests of stakeholders in common insolvency scenarios and be able to synthesize these competing interests.

Final exam (60%): Students will complete a final exam held during the formal exam period. It will be based on two problem questions drawn from topics from the unit seminars and will be a maximum of 3000 words. All topics are examinable. Students will have 2.5 hours plus 30 minutes reading time to complete the exam. A successful Special Consideration application will result in a replacement exam. If a second replacement is needed this may involve a new assessment at the discretion of the unit coordinator, which may include a viva voce (oral) exam.

This assessment item will satisfy Learning Outcome 1 (LO1) by requiring students to demonstrate an accurate understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency during class discussions and activities. It will satisfy Learning Outcome 2 (LO2) by requiring students to demonstrate an appreciation of the interrelationship between personal and corporate insolvency law and the general law. It will satisfy Learning Outcome 3 (LO3) by requiring students to explain an accurate understanding of the commercial and legal difficulties that can arise in times of financial stress and be able to synthesize competing perspectives on these different interests. It will satisfy Learning Outcome 4 (LO4) by requiring students to explain an accurate understanding of the competing interests of stakeholders in common insolvency scenarios and be able to synthesize these competing interests.

Word Limit Penalty: A piece of assessment which exceeds the prescribed word limit will not be marked after the word limit has been reached. The total word count for essay and other written assessments will exclude all footnotes and any bibliography (if required).

Use of editors or proof-readers: The use of assistance in preparing and editing assessment tasks in this unit of study is strictly prohibited. Assistance includes human and automated writing tools (not including spell checking).

Assessment requirement to pass a unit of study

A student must make a genuine attempt at all assessment tasks set out in this Unit of Study in order to obtain a Pass mark and grade (or above); otherwise an Absent Fail grade will be recorded as the student’s result for this Unit of Study.