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 understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency. 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 apply relevant insolvency law rules across a range of personal and commercial contexts. It will satisfy Learning Outcome 4 (LO4) by requiring students to demonstrate an understanding of the commercial and legal difficulties which can arise in times of financial stress. It will satisfy Learning Outcome 5 (LO5) by requiring students to demonstrate an understanding of the competing interests of stakeholders in common insolvency scenarios.

Problem question (30%): Students will complete a written assignment in response to a problem based on the bankruptcy classes. The problem will be released at the end of Week 1 and will be due on 31 March 2022 6pm. An extension of time may be granted by Special Consideration up to the closing dates specified in the Assessment Table. Any special consideration applications assessed for time periods beyond this date 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 understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency. 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 apply relevant insolvency law rules across a range of personal and commercial contexts. It will satisfy Learning Outcome 4 (LO4) by requiring students to demonstrate an understanding of the commercial and legal difficulties which can arise in times of financial stress. It will satisfy Learning Outcome 5 (LO5) by requiring students to demonstrate an understanding of the competing interests of stakeholders in common insolvency scenarios.

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 (not including footnotes and headings). All topics are examinable. Students will have 48 hours 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 understanding of the key provisions of the Bankruptcy Act 1966 (Cth) and the Corporations Act 2001 (Cth) provisions that apply to insolvency. 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 apply relevant insolvency law rules across a range of personal and commercial contexts. It will satisfy Learning Outcome 4 (LO4) by requiring students to demonstrate an understanding of the commercial and legal difficulties which can arise in times of financial stress. It will satisfy Learning Outcome 5 (LO5) by requiring students to demonstrate an understanding of the competing interests of stakeholders in common insolvency scenarios. Further information for each assessment can be found on Canvas.

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.