最新糖心Vlog

LAW 3526 - Insolvency Law

North Terrace Campus - Semester 1 - 2025

This course will provide an introduction to the theory, policy and key principles of corporate insolvency law. The course will focus on the key corporate insolvency procedures of liquidation, administration, deed administration, receivership as well as informal business rescue, and comparative developments in major jurisdictions. The course will also examine the role of government, regulators, the insolvency profession and other `stakeholders in corporate insolvency law, including the duties and conduct of directors in relation to businesses in financial difficulty. Cross-border insolvency issues will be examined.

  • General Course Information
    Course Details
    Course Code LAW 3526
    Course Insolvency Law
    Coordinating Unit Adelaide Law School
    Term Semester 1
    Level Undergraduate Law (LLB)
    Location/s North Terrace Campus
    Units 3
    Contact Intensive
    Available for Study Abroad and Exchange Y
    Prerequisites LAW 1506 or LAW 1511
    Assumed Knowledge LAW 2502 & LAW 2505 or LAW 2598
    Restrictions Available to LLB and B.Criminology with B.Laws and BArts Advanced with B.Laws students only
    Assessment Likely to include a 40% case comment (2000 words) and 60% essay (3200 words)
    Course Staff

    Course Coordinator: Ms Nadia-Ruth Hess

    Course Timetable

    The full timetable of all activities for this course can be accessed from .






  • Learning Outcomes
    Course Learning Outcomes

    On successful completion of this course, students will be able to:

    1. Identify the informal and formal insolvency procedures available to corporate 最新糖心Vlog, the legal principles governing the cross border insolvency and the key economic and social aspects of the practice of corporate insolvency law

    2. Explain, analyse, evaluate, synthesise and solve practical issues about corporations, corporate officers, shareholders and creditors in the insolvency setting

    3. Write clearly and concisely about Corporate Insolvency Law 

    4. Apply excellent research skills to identify and effectively use Corporate Insolvency Law resources

    5. Develop critical thinking about how to improve Corporate Insolvency Law

    6. Comment on the ethical development of Corporate Insolvency Law

    最新糖心Vlog Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    最新糖心Vlog Graduate Attribute Course Learning Outcome(s)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    1, 2

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    2, 5

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    2

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    1-6

    Attribute 5: Intercultural and ethical competency

    Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.

    6

    Attribute 8: Self-awareness and emotional intelligence

    Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.

    1, 5
  • Learning Resources
    Required Resources
    The textbook used is Symes, Brown & Lombard, 最新糖心Vlogn Insolvency Law (5th ed, 2023) combined with Symes, Brown, Wellard, 最新糖心Vlogn Insolvency Law Cases and Materials (2016)

    Students will also require a copy/access of the Corporations Act 2001 (Cth) and any of the legal publisher’s versions (lexisnexis, Thomson Reuters or CCH) is acceptable.

    Recommended Resources
    Murray & Harris, Keay's Insolvency Personal and Corporate Law 11th edition 2022

    Throughout the course a list of other resources will be provided on MyUni
    Online Learning
    This online course will use MyUni for announcements, display of Powerpoint slides, lecture outlines, lecture recordings,seminar recordings, zoom addresses for particpation and any additional case and other material required to be read for seminars. This course will also require you to use MyUni for all assessment, including submission of essays, and a series of Online Quizzes.
  • Learning & Teaching Activities
    Learning & Teaching Modes

    Lectures are delivered in person and recorded. Lectures will generally take the form of an outline of the topic and its key issues. Students are expected to keep up with the corresponding reading, or as otherwise indicated by the lecturer. Lecturers may provide outlines, slides or additional material. Lectures start in week 1.

    Seminars will concentrate on in-depth consideration of questions, including problem-solving, provided in advance of the seminar on MyUni. Students are expected to read the cases and other materials and questions set prior to the seminar. Students are expected to prepare for seminars by spending some time planning answers (issue spotting, dot points, etc) before each seminar. Seminars are an important component of your learning in this course and therefore it is in your interests to make every effort to attend and participate. The communication skills developed in seminars by regularly and actively participating in discussions are considered to be important by the School, and are highly regarded by employers and professional bodies.

    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    Contact time: listen to the weekly two hour recorded lecture and zoom into the online one hour seminar.

    Preparation Time: In addition to attending formal online classes it is anticipated that students will do substantial independent work to prepare for classes and to complete the course assignments.
     
    12 hours (including contact time) for a full time load (48 hours)
    Learning Activities Summary

    Week 1

    Introduction to Corporate Insolvency – statistics, theories, principles, reports, definition

    Week 2

    Receivership – appointment, powers, duties, agency, creditors, relationships

    Week 3

    Voluntary Administration I – objects clause, appointment, conduct, meetings

    Week 4

    Voluntary Administration II – effect, moratorium, court involvement

    Week 5

    Deeds of Company Arrangement – deed administrator, content, effect, powers and duties, variation, terminations and transition

    Week 6

    Small Business Restructuring 2021

    Week 7

    Liquidation I – The liquidation process and its consequences: provisional liquidation, introduction to types, statutory demands

    Week 8

    Liquidation II – The liquidation process and its consequences: powers and duties, consequences and effects

    Week 9

    Liquidation III – Property available for distribution in liquidations: antecedent transactions, , Insolvent Trading

    Week 10

    Liquidation IV – Liquidation administration, distribution and de-registration: role of liquidator, examinations, division of assets, de-registrations, reinstatements

    Week 11

    Small Business - Simplifed Liquidation 2021  

    Week 12

    最新糖心Vlogn Cross Border Insolvency Law

  • Assessment

    The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    Assessment Task Task Type (Group or Individual)
    Due Weighting Length Redeemable? Course Learning Outcome
    Online Quiz Individual

    Friday Week 3 

    5 10 questions N 1,2
    Online Quiz Individual Friday Week 6 5 10 questions N 1,2,
    Online Quiz Individual Friday Week 9 5 10 questions N 1,2
    Online Quiz Individual  Friday Week 12 5 10 questions N 1,2
    Interim Assignment Individual Tuesday, first week of mid-semester break, 2pm 20 1,000 words N 1, 2, 3, 4
    Research Essay Individual Tuesday, week 13,  2pm 60 3,000 words N 1,2,3,4,5,6
    Assessment Detail
    Online Quizzes
    There will be four online quizzes to be completed at the end of 3 weeks of teaching (Week 3, 6, 9 and 12), and each quiz will count for 5% (overall 20% of the course's entire assessment). This can be completed online through MyUni, and will relate to the material covered in each three weeks (Weeks 1-3, 4-6, 7-9, 10-12) . There will be 10 questions in each quiz. Students may not attempt multiple times.   

    Interim Assignment
    Students must submit an individual 1,000 word mid-semester assignment due Tuesday in the first week of the mid-semester break. The assessment will assess aspects of corporate insolvency law. Further details will be provided on MyUni.

    Research Essay
    Each student will be asked to write a research essay from a list of topics that will be posted in week 1. The research essay will be submitted using Turnitin. It is due on Tuesday, week 13, at 2pm. The research essay will be marked according to the student's ability to source, collate and analyse relevant primary and secondary material, their demonstrated ability to understand the relevant law and their critical discussion. Marks will be awarded for lucidity of expression, logical flow and structure of discussion and argument and the strictest compliance with AGLC and good English expression. Students should aim for publishable standard. The written research essay will be 3,000 words in length and counts for 60% of the entire course's assessment.

    There is no exam in this course as all students will have been examined in the Corporate Law on corporate insolvency.
    Submission
    Research Essays will be submitted electronically. MyUni will outline the steps to submit using turnitin.

    Penalties:

    1. Late Submission:
    5% of the total mark possible will be deducted for every 24 hours or part thereof that submission is late, including each day on a weekend. For example, an essay that is submitted after the due date and time but within the first 24 hour period, and that has been graded at 63%, will have 5% deducted, for a final grade of 58%. An assignment that is more than 24 hours late will lose 10%, etc.  

    2. Word Length:
    Assignments which exceed the allocated length will be subject to a penalty of 5% of total marks possible per 100 words or part thereof (e.g. with a word limit of 1,250, an essay graded 63% will have 5% deducted if it is 1,251 words long, for a final grade of 58%, 10% if it is 1,351 words long, etc). Words are calculated including all footnotes and headings within the text but excluding cover page information. Quotations and all referencing information are included in the word count.


    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

    Finality of Assessment Grades

    Students are advised that Course Coordinators will not enter into negotiations of any kind with any student regarding changes to their grades. It is irrelevant, in any given circumstance, that only a minimal number of additional marks are required to inflate a student’s grade for any individual assessment item or course as a whole. Pursuant to the 最新糖心Vlog’s Assessment for Coursework Programs Policyand the Adelaide Law School Assessment Policies and Procedures, grades may only be varied through the appropriate channels for academic review (such as an official re-mark).

    Moderation
    In accordance with the 最新糖心Vlog’s Assessment for Coursework Programs Policy, course coordinators ‘ensure that appropriate marking guidelines and cross-marking moderation processes across markers are in place’ in each course. Procedures adopted by Adelaide Law School to ensure consistency of marking in courses with multiple markers include:
    • assurance of the qualifications of markers, and their knowledge of the content covered in each course;
    • detailed marking guidelines and assessment rubrics to assist in the marking of items of assessment;
    • sharing of example marked assessments at various grade bands across markers;
    • reviewing of selected marked assessments from each marker by the course coordinator;
    • comparison of the marks and their distribution across markers;
    • automatic double-marking of all interim assessment receiving a fail grade, and of final assessments where a student’s overall result is a fail grade;
    • the availability of re-marking of assessments in accordance with Adelaide Law School’s Assessment Policies and Procedures.

    Approval of Results by Board of Examiners
    Students are reminded that all assessment results are subject to approval (and possible moderation/change) by the Law School’s Board of Examiners. Assessment results at the 最新糖心Vlog are not scaled. Under the Assessment for Coursework Programs Policy, students are assessed ‘by reference to their performance against pre-determined criteria and standards … and not by ranking against the performance of the student cohort in the course’. However, under that same policy, the Board of Examiners (as the relevant Assessment Review Committee for courses at Adelaide Law School) is required to ‘ensure comparability of standards and consistency’ in assessment. On occasions, the Board of Examiners will form the view that some moderation is required to ensure the comparability of standards and consistency across courses and years, and accordingly provide fairness to all law students. All assessment results are therefore subject to approval (and possible change) until confirmed by the Board of Examiners and posted on Access Adelaide at the end of each semester.
  • Student Feedback

    The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

    The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as CEQ surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy ( ) course SELTs are mandated and must be conducted at least once every 2 years. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

    SELT was conducted on Corporate Insolvency Law when it was last offered in Summer 2014. Students found the seminars provided good explanation of the law. No suggestions for improvement were provided however 2014 saw the introduction of an on-line quiz and the removal of a final exam added to the focus of an enjoyable course providing both broad and in-depth knowledge. Both changes were well received.
  • Student Support

    The 最新糖心Vlog Writing Centre provides academic learning and language development services and resources for local, international, undergraduate and postgraduate coursework students enrolled at the 最新糖心Vlog of Adelaide.

    Practical advice and strategies for students to master reading, writing, note-taking, time management, oral presentation skills, referencing techniques and exam preparation for success at university through seminars, workshops and individual consultations.

    For more information please check out the Writing Centre website at  

    Lex Salus Program

    Lex Salus (law and wellbeing) is an initiative of the Adelaide Law School aimed at destigmatising mental health
    issues; promoting physical, mental and emotional wellness; building a strong community of staff and students; and celebrating diversity within the school.
    It also seeks to promote wellness within the legal profession, through the involvement of the Chief Justice of the Supreme Court of South 最新糖心Vlog, the Honourable Chris Kourakis, as the official Patron of the program. Students can participate in the Lex Salus program by attending barbecue lunches, pancake breakfasts, knitting and crochet circles, seminars, guest speakers, conferences
    and other activities.

    Our FaceBook page at , our website at
    and regular allstudent emails promote upcoming events, and have tips and information on wellness. Our Lex Salus Youtube channel at   also includes videos
    on topics like managing stress, and interviews with LGBTQ lawyers and their supporters which celebrate diversity and individuality.

    Students who commit to 10 hours of volunteering with Lex Salus in one year can have their service
    recognised on their academic transcript and through a thank you morning tea
    with the Chief Justice and law school staff.

     
    Counselling Service

    The 最新糖心Vlog Counselling Service provides a free and confidential service to all enrolled students. We encourage you to contact the Counselling service on 8313 5663 to make an appointment to deal with any issues that may be affecting your study and life. More information is available at /counselling_centre/

  • Policies & Guidelines

    This section contains links to relevant assessment-related policies and guidelines - all university policies.

    Academic Integrity
    All students must be familiar with the 最新糖心Vlog’s Academic Integrity Policy. Academic Misconduct is a serious matter and is treated as such by the Law School and the 最新糖心Vlog. Academic Misconduct (which goes beyond plagiarism) can be a ground for a refusal by the Supreme Court of South 最新糖心Vlog to admit a person to practice as a legal practitioner in South 最新糖心Vlog. Academic Integrity is an essential aspect of ethical and honest behaviour, which is central to the practice of the law and an understanding of what it is to be a lawyer.
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.

The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.