Regulation of Securities Offerings

Subject 730-825 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points: 12.50
Level: 7 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2009:

May, - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: 24 - 26 contact hours per subject.
Total Time Commitment: The time commitment for this subject depends on the candidates background and experience.
Prerequisites:

Students are expected to have a general understanding of the operation of the Corporations Act 2001 (Cth).
Corequisites: N.A.
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements: N.A.

Coordinator

Assoc Prof Ann O'Connell
Subject Overview:

Objectives:

A student who has successfully completed this subject should:

  • Have an understanding of how the Australian securities markets work in relation to equity raisings
  • Have an understanding of how securities offerings are regulated under the Corporations Act 2001 (Cth) and the rules of the Australian Securities Exchange Ltd
  • Have an understanding of the major regulatory mechanisms within the Corporations Act 2001 (Cth), Chapter 6D and, in addition, the administrative network that is set up in relation to securities offerings.

Syllabus:

Principal topics will include:

  • The disclosure principle
  • Debt and equity as alternatives
  • Different equity-raising alternatives
  • Outline of the regulatory situation
  • When is a disclosure document required?
  • Different types of disclosure documents
  • Content of disclosure documents
  • Liability for defective disclosure documents
  • Due diligence defence
  • Other defences
  • Restrictions on advertising and securities hawking
  • The role of the underwriter
  • The role of ASIC
  • The role of the ASX
  • Continuous disclosure.
Assessment:
  • Research paper 10,000 words (100%) (27 August) (topic approved by the subject coordinator)
Prescribed Texts: Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: Please see the Subject Objectives for this information.
Links to further information: P12.507Semester 1NLawLawYNNNParkvillePARKVILLERegulation of Securities Offerings730-825Assoc Prof Ann O'Connell200924 - 26 contact hours per subject.For the latest information on this subject, please visit: http://www.masters.law.unimelb.edu.au/subject/730825Melbourne Law Masters, postgraduate law, post-graduate law, graduate law

Objectives:

A student who has successfully completed this subject should:

  • Have an understanding of how the Australian securities markets work in relation to equity raisings
  • Have an understanding of how securities offerings are regulated under the Corporations Act 2001 (Cth) and the rules of the Australian Securities Exchange Ltd
  • Have an understanding of the major regulatory mechanisms within the Corporations Act 2001 (Cth), Chapter 6D and, in addition, the administrative network that is set up in relation to securities offerings.

Syllabus:

Principal topics will include:

  • The disclosure principle
  • Debt and equity as alternatives
  • Different equity-raising alternatives
  • Outline of the regulatory situation
  • When is a disclosure document required?
  • Different types of disclosure documents
  • Content of disclosure documents
  • Liability for defective disclosure documents
  • Due diligence defence
  • Other defences
  • Restrictions on advertising and securities hawking
  • The role of the underwriter
  • The role of ASIC
  • The role of the ASX
  • Continuous disclosure.
  • Research paper 10,000 words (100%) (27 August) (topic approved by the subject coordinator)
Core subject materials will be provided free of charge to all students. Some subjects require further texts to be purchased. Please visit the subject homepage on the Melbourne Law Masters website by following the link at the bottom of this subject entry.Please see the Subject Objectives for this information.The time commitment for this subject depends on the candidates background and experience.Please see the subject homepage on the Melbourne Law Masters website for up to date timetable information.

Students are expected to have a general understanding of the operation of the Corporations Act 2001 (Cth).

N.A.N.A.Law730-8252

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