MACQUARIE UNIVERSITY 
ACCG2051: Governance, Business and Corporations Law 
Comprehensive Revision Guide and Course Notes 2025 
 
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ACCG2051: Governance, Business and Corporations Law - Macquarie Uni.

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	ACCG2051
Credit Points	10
Unit Name	Governance, Business and Corporations Law
Notes Title	Comprehensive Revision Guide and Course Notes
Page Length	55

This comprehensive revision guide covers all topics for ACCG2051: Governance, Business and Corporations Law at Macquarie University. Within this document, you will find an in-depth exploration of core concepts and theories essential for a comprehensive understanding of the material. It provides insights into how the law impacts business decision-making and operations, as well as the dynamics between businesses and regulators. The guide explores fundamental legal principles that influence key areas of business, including contract law, tort law, and consumer law.

This unit introduces students to the Australian legal system, including contract law, and focuses on corporate law and regulation. The relationship between the law and the role of accounting and business professionals is an underlying theme and students are encouraged to develop critical thinking skills as they analyse and evaluate legal issues in a commercial context. The unit will provide students with perspectives on a range of commercially important legal issues such as forming a business, management responsibilities, investor/shareholder protection, and insolvency.

Main topics to be covered:

Legal framework
Law of tort
Contract law
Agency
Consumer protection
Privacy
Comparison of business structures
Partnership
Registration of companies – the role of ASIC
Types of companies
Consequences of registration
Directors and corporate management
The nature of Trusts and the role of corporate trustees
The company constitution and the relationship between the company and outsiders
Directors as agents and company liability in contract, tort, and crime
Financing - Share capital and fundraising; loan capital
Dividends
Directors’ fiduciary and statutory duties
Directors’ duties - Care and diligence
Corporate governance
Financial reporting and auditors
Members rights
Company meetings
Takeovers
Regulation of financial services and markets
Insider trading
The concept of insolvency and insolvency regulation
Restructuring
Liquidation
The role of liquidators
Insolvent trading

Prerequisite: 40cp at 1000 level or above.

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

ACCG2051: Governance, Business and Corporations Law - Macquarie Uni.

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