Corporations Law: In Principle 9th Edition

Corporations Law: In Principle 9th Edition

By Tony Ciro, Chris Symes


$107.00 RRP

Date: 24/12/2012

Code: 9780455230399

Thomson Reuters, AUSTRALIA


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Corporations Law: In Principle, 9th edition is supported by Thomson Reuters’ mentor, an interactive online suite of student and lecturer support materials; a Research Hub with links to relevant websites; and additional lecturer resources online PowerPoints and Answer Guides. Students and lecturers alike will find this edition and the related mentor portal an indispensable resource.

Corporations Law: In Principle, 9th edition continues its tradition of being one of the most easy to understand texts on corporate law in Australia. Since the last edition, there have been many significant developments in both legislation and case law as a result of events such as the Global Financial Crisis and a range of government reviews and administrative changes.

This edition incorporates expanded and updated commentary on:

  • the national implementation of the Business Names Register;
  • the personal property securities reforms, which provide a uniform regulatory framework dealing with personal property securities, including significant amendments to financial services, products and markets;
  • the new Corporations Amendment (Phoenixing and Other Measures) Act 2012 (Cth), which permits ASIC to liquidate abandoned companies;
  • the Corporations Amendment (Sons of Gwalia) Act 2010 (Cth), which  reverses the effect of the High Court’s ruling which had allowed shareholder claims in the form of damages to rank equally with unsecured creditors in a winding-up; 
  • new dividend rules under revised s 254T of the Corporations Act 2001 (Cth);
  • changes to the Corporations Amendment (Financial Market Supervision) Act 2010 (Cth) regarding ASIC’s supervision of financial markets and real-time trading (previously supervised by the ASX);
  • the new Corporations Legislation Amendment (Audit Enhancement) Act 2012 (Cth) which provides flexibility to the auditor rotation period and extends ASIC’s powers with regard to exposing deficient audit practices; and
  • margin lending reforms enacted by the Corporations Legislation Amendment (Financial Services Modernisation) Act 2009 (Cth), and amendments relating to providing advice about financial products and services under the new Corporations Amendment (Further Future of Financial Advice Measures) Act 2012 (Cth).

Significant cases in this edition, particularly in relation to directors’ duty of care, include ASIC v Healey (2011) (the Centro Case); ASIC v Hellicar (2012) (the James Hardie Case); Shafron v ASIC (2012); and Forrest v ASIC; Fortescue Metals Group Ltd v ASIC (2012).

Table of Contents

1 History, Administration and Reform
2 Types of Companies
3 Registration
4 Consequences of Registration
5 Internal Rules
6 Management of Companies
7 Corporate Liability: Contract, Tort and Crime
8 Promoters and Pre-Registration Contracts
9 Membership
10 Meetings
11 Directors’ Duties— Part 1 Duty of Care, Skill & Diligence
12 Directors’ Duties — Part 2 Good Faith & Proper Purpose
13 Directors’ Duties — Part 3 Conflict of Interest & Disclosure
14 Members’ Rights and Remedies
15 Financial Reports and Audit
16 Share Capital — General Nature
17 Classes of Shares
18 Transactions Affecting Share Capital
19 Dividends
20 Loan Capital
21 Fundraising
22 Financial Services, Products and Markets
23 Takeovers
24 External Administration
25 Partnerships and Incorporated Associations

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