Understanding Company Law 18th edition eBook

Understanding Company Law 18th edition eBook

By Phillip Lipton, Abe Herzberg, Michelle Welsh

eBook - ProView

$147.00* RRP

Date: 29/10/2015

Code: 9780455236216

Lawbook Co., AUSTRALIA

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Book+eBook Understanding Company Law 18th edition book + eBook 15/12/2015 41857420 $191.00 Add to cart
eBook - ProView Understanding Company Law 18th edition eBook 29/10/2015 9780455236216 $147.00 Add to cart


Understanding Company Law 18th edition is a leading text for both undergraduate law and business law students of corporations law. This edition retains the logical structure and comprehensive approach of earlier editions. It has been updated throughout to include discussion of the most recent relevant legislative developments, inclduing the following.

The Corporations Legislation Amendment (Deregulatory and Other Measures) Act 2015 (Cth), which:

  • removes the obligation of directors to call and hold a general meeting at the request of 100 shareholders;
  • requires companies to include a general description of their remuneration governance framework; and
  • exempts certain companies limited by guarantee from the need to appoint an auditor.

The exposure draft of the Insolvency Law Reform Bill 2014 (Cth), which aims to strengthen and streamline the personal bankruptcy and corporate insolvency regimes. Under the Bill it is proposed to:

  • give creditors enhanced powers to protect their own interests by giving them the right to determine when and what information they are provided by an insolvency practitioner;
  • give creditors the power to appoint an independent specialist to review the performance of an insolvency practitioner and resolve to remove that practitioner without having to seek the approval of the Court; and
  • require insolvency practitioners to undergo enhanced insolvency education, renew their registration every three years, have appropriate insurance as a condition of registration and establish a new liquidators’ disciplinary process.

The Treasury Legislation Amendment (Spring Repeal Day) Bill 2015 (Cth), which proposes to:

  • reduce the number of business identifiers by replacing the Australian Company Number (ACN) with an Australian Business Number (ABN) for companies registered after 1 July 2016; and 
  • change the notification and reporting obligations of managed investment schemes in receivership.

Recent case developments covered in the new edition include:

  • U & D Coal Ltd v Australian Kunqian International Energy Co Pty Ltd (share capital and the prohibition on self-acquisition);
  • Re Molopo Energy Ltd (company’s power to reduce share capital);
  • Re Motasea Pty Ltd (valid transfers of shares);
  • Re Appleyard Capital Pty Ltd (extending the time to register security interests); and
  • Re Lime Gourmet Pizza Bar (Charlestown) Pty Ltd (valid appointment of an administrator by a director).

Table of Contents


1 Regulatory Framework

2 Registration and its Effects

3 Types of Companies

4 Constitution and Replaceable Rules

5 The Company's Relations With Outsiders

6 Promoters and Pre-Registration Contracts

7 Fundraising

8 Share Capital

9 Membership

10 Dividends

11 Debentures and Personal Property Securities

12 Directors

13 Corporate Governance and Duties of Directors

13.0 Overview and Summary of Directors' Duties

13.1 Corporate Governance

13.2 Good Faith and Proper Purpose

13.3 Conflicts of Interest and Disclosure

13.4 Duties of Care, Skill and Diligence

13.5 Directors of Insolvent Companies

13.6 Remedies and Penalties for Breach of Duty

13.7 Exoneration and Relief for Breach of Duty

14 Shareholders' Meetings

15 Financial Reporting and Disclosure

16 Auditors

17 Members' Remedies

18 Takeovers

19 Financial Services and Markets

20 Managed Investments

21 ASIC's Investigatory and Information-Gathering Powers

22 Corporate Insolvency

23 Receivership

24 Voluntary Administration

25 Liquidation

Resource Downloads

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Please note: these resources are ONLY for the use of lecturers who have prescribed the relevant text. Please email tlrap.academic@thomson.com to request access.


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