Australian corporations law

Introduction and Statement of Facts The fundamental attribute of corporate personality, from which all other consequences flow if that the corporation is a legal entity distinct from its members. Hence, it is capable of enjoying rights and of being subjects to duties which are not the same as those enjoyed or borne by its members. In other words, it has a “legal personality” and is often described as an artificial person in contrast with a human being, a natural person. However, corporate…

Disclaimer: All characters and events depicted below are purely fictional. Any resemblance to a real person, living or dead is coincidental. However, this dialogue is a product placement for a real business enterprise. TARA-G Catering Services Characters: -STEVE OWOYOKUN, an undecisive maniac in his late 20s, easily agitated by unforeseen events, considers himself a scholastic democrat with high self-esteem and contemptuous gentility, most of all he relishes high-end delicacies. -MARK…

incorporation will be created between the personal assets of the members and the assets of the company. There are three exception circumstances which the veil of incorporation will be lifted which include the corporation does not exist separately from its shareholders or its parent corporation. The parent company is responsible if the subsidiaries company are facing any legal issues or problem. Based on the case of D.H.N Food Distributors Ltd. V. Tower Hamlets London Borough Council, it stated…

recklessly (eHow,2015). The courts typically do not look behind the veil of incorporation if there a separate legal entity. But in certain circumstances, the court is willing to ‘lift the veil of incorporation’. The courts will lift the veil of corporation where the justice of the case demands or if the veil has been misused, this mean that a people who is controlling a company misused the veil to the prejudiced of creditors or third parties. The courts can lift the…

For Joshua, Grace and Martin, it is important to consider which business structure is best suitable for them and the legal implications by looking at the advantage and disadvantage of the business structure as one wrong decision can create many problems in the business in the future. These business structure includes Sole trader, Partnership, Companies and Trust. A Sole trader has only one owner who controls and owns the business. The owner provides all the fund required for the business. It…

communities and making Cisco an enriching place for employees to find a career. According to many, Cisco is taking over as one of the leading, global CSR companies. Stakeholder: Suppliers As CSR becomes incorporated as a part of procurement, other corporations are directly influence by the…

2000).MNCs is the main parts of the economic globalization. However, the critics of MNCs claim that they have too much power. For example, 2015 data: companies vs governments revenues: Corporation Walmart 482130000000 but Australia Government 425700000000.( (CIA World Factbook, Fortune Global 500, 2015))A corporation revenue over a nation. Also, MNCs challenge the sovereignty of countries by many ways such as tax avoidance or take advantage of the free trade agreement. This essay will explain…

Australia, their actions suggested the land was terra nullius; a legal doctrine claiming land to be ‘occupied by no one’ (Bailey, 1997). Under this principle the British government colonised Australia establishing British sovereignty and imposing their laws to govern the land under the Crown (Indigenous Notes). However, terra nullius does not legitimize British colonization of Australia as there was little or no negotiation with indigenous inhabitants, due to British beliefs that indigenous…

more insights in the firm from the market • Risk that the market is unable to tolerate the variation of earnings in the firm due to long-term focused investments • Changing the firm’s structure and compensation system from a partnership to a corporation includes several challenges In 2007 the firm announced that it will go public and I will in the following five sections elaborate on some of the challenges the firm has to overcome and other implications following the IPO. 1. What are…

Rough Draft What is Healthcare Accounting? Vanessa Shea Introduction Coming closer to the end of an Accounting degree begins to start the variety of questions such as, “What type of accounting are you interested in?” or, “What do you want to do with you degree?” Most people by this time have a pretty good idea of the type of career they plan to pursue. After a recent interview I became very interested in healthcare accounting and what in fact it entailed. This paper will provide…