Australian Corporations Law (Priestley 11 — Company Law)

Study content for Australian Corporations Law (Priestley 11 — Company Law): notes, practice MCQs and flashcards across 8 syllabus topics. This is AI-generated draft content — citations have not yet been independently verified.

Syllabus

• Corporate Formation & Legal PersonalityTopic

  Registration and types of companies (proprietary, public, no-liability, unlimited) · Separate legal personality — Salomon principle · Lifting / piercing the corporate veil

• Corporate Constitution & GovernanceTopic

  Replaceable rules vs bespoke constitutions · Contractual effect of constitution (s 140 CA 2001) · Company relations with outsiders — indoor management rule, s 128–130 CA 2001

• Directors' DutiesTopic

  Duty of care, skill and diligence (s 180) · Good faith and proper purpose (s 181) · Conflicts of interest (s 182–183)

• Share Capital & Equity FinanceTopic

  Issue and classes of shares · Dividends · Fundraising and disclosure (Pt 6D)

• Debt Finance & SecurityTopic

  Debentures and debt instruments · Personal Property Securities Act 2009 (PPSA) interface · Charges and security interests

• Shareholders: Rights, Meetings & RemediesTopic

  Majority rule and exceptions · Oppression remedy (s 232–234) · Derivative action (Pt 2F.1A)

• Corporate Insolvency & External AdministrationTopic

  Voluntary administration (Pt 5.3A) · Deed of company arrangement (DOCA) · Receivership

• Takeovers & Securities RegulationTopic

  Takeover regulation (Ch 6 CA 2001) · ASIC powers and enforcement · Market integrity obligations

• Salomon v Salomon & Co Ltd

  What is the foundational principle of corporate separate legal personality?

  [1897] AC 22
• Anderson (commentary) + Australian judicial practice

  What is the test for piercing the corporate veil in Australia?

  (2009) 33(2) Melbourne University Law Review 333
• Corporations Act 2001 (Cth) s 140

  Section 140 — Constitutional Effect: Does a company's constitution bind members?

  Section 140