Unit of Study LAWS2053 The Company Law of Papua New Guinea (2025)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Pre-requisites

LEGL1007 - Introduction to the Business Law of Papua New Guinea

Unit description

Covers those aspects of company law that are required to equip students for their future careers. Students will engage in teacher-directed activities with particular reference to such topics as the development of company law, types of business structures, rights of members, responsibilities and duties of company officers, company audit and accounts and corporate insolvency in PNG.

Unit content

Module 1: Introduction to corporate law

Module 2: Incorporation and governance

Module 3: Fundraising and finance

Module 4: Members and directors

Module 5: Directors duties

Module 6: Accounts and external administration

Availabilities

Location	Domestic	International
Papua New Guinea - IBSU Port Moresby	N/A	Term4

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

Describe and critically discuss the issues underlying the regulation of company law and business structures in Papua New Guinea, noting the similarities and differences to Australian law.

Explain the legal issues and the relevant law applicable to corporate governance, directors’ and officers’ duties, conflicts, care and diligence, and the rights and remedies of members during times of distress.

Describe the legal issues in corporate fundraising, debt finance and share capital fact situations and explain the relevant legal principles to the resolution of these issues.

Explain legislation and case law relevant to company law.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Short written response	50%
Essay	30%

Prescribed learning resources

Prescribed Texts

Prescribed text information is not currently available.

Prescribed Resources/Equipment

Prescribed resources/equipment information is not currently available.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
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Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

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