Corporations and Trust Law – Semester 2, 2022
Assessment Event 3: Case Study/Research Report (Weighting: 30 %)
Due: Week 10
Refer to the http:
courses.highered.tafensw.edu.au for the specific requirements of
this assessment task. All submissions must comply with the requirements listed in the
Course Handbook.
The purpose of the assessment is for students to apply their knowledge of regulatory
odies, financial disclosure obligations, anti-money laundering and counter-te
orism
finance and privacy laws. Students will be provided with a contemporary case
study/problem requiring you to undertake research, apply the relevant law, interpret
and assess the problems and conclude with suitable recommendations/conclusions.
All submissions must address ALL questions.
The research report is to be no longer than 2,500 words in length demonstrating a
critical analysis of the situation and recommendation. All submissions must contain
appropriate referencing and bibliography. Responses must be within 10% +/- of the
word limit. Note that the reference list does not form part of the word count.
Student submissions should include a simple cover page that includes word counts
for each question. In-text citations must be in the Harvard AGPS style. A single
Harvard AGPS Reference List at the end of the submission should include all relevant
eferences cited in both questions.
Students are encouraged to start writing early; editing typically takes more time
than writing.
Case Study Scenario and Questions
You are the director of a company registered in Australia which is involved in the
development of ‘driverless vehicles’ called On the Wheel Pty Ltd. The company’s main
aim is to finance and help young entrepreneurs apply and transfer the latest driverless
and vehicle technology to a variety of fields including tourism, travel, entertainment,
insurance and security.
When assessing applications for finance, the members, officers and employees of On
the Wheel Pty Ltd have access to personal information about the individuals making
the application and confidential/sensitive information about how the technology will be
applied commercially, including projected profits from the application.
You receive an email from a close friend that you went to TAFE with who is now the
director of an overseas company stating that their company wants to fund some of
your projects. When you read the email further there is a line with small font that says:
“By the way, we really need to get the money out of this country and it will
greatly benefit your company.”
You also see that your friend mentions the details of an application from a young
entrepreneur (which is not generally available) and you wonder how they would have
known about this. The offer in the email is very appealing because you have known
and trusted this friend from TAFE for a long while now and also know that it is quite
difficult to get funds in Australia in the cu
ent market.
Required: Based on the above information and your knowledge of the law affecting
corporations in Australia, answer the following questions:-
1. Outline any
eaches that have occu
ed or could occur of your director
duties and Anti-money Laundering and Counter-te
orism Financing
legislation. Discuss with reference to case examples.
2. Outline and discuss in what ways the Corporations Act 2001 regulates as
well as prohibits the misuse of the information which was disclosed
which is not generally available and that would have a material effect on
the price of the company’s shares.
3. With reference to Australian Privacy Laws (including relevant privacy
legislation, principles
ules and case examples), outline and discuss
whether the directors are in
each of any privacy obligations and if so,
what the potential consequences are for the directors and the company.
4. Give at least 3 recommendations of how you should handle this scenario
to mitigate any risks of
eaching the above rules, laws and regulations.