There is no obligation to use all 1,500 words. However, we expect that you will need most of those words to be able to answer the question fully with thorough discussion and proper use of cases and legislation. The collaborative work statement for this assignment is Code 2. This meansthatstudents are permitted to discuss the topic of the assessment task in general terms and to share ideas with others, but all research (where applicable to the task) and written work must be the student’s own work.

Weight The mark awarded will be 15% of your final grade in this subject, and the assignment is marked out of 30. There are no specific marks allocated to the individual questions and there are no word limits for individual questions. DEAL WITH EACH QUESTION SEPARATELY AND IN THE PRESCRIBED ORDER. The maximum word limit for the whole assignment is 1,500 words.Code 1 applies. This means that any excess words will incur a penalty. Any penalty incurred will be equal to 5% of the total available marks for the piece of work for each 5% or part thereof by which the number of words exceeds the applicable word limit. Headings are not included in the word count. See the Reading Guide pages 9 to 10 for further information about the assignment. See the Reading Guide pages 29 to 33 for advice about legal writing.

Due Date: The assignment is due at 9am on Monday 9. Follow the electronic submission instructions in the Reading Guide. This assignment is compulsory. Submission: Your answer must be submitted through the subject page by the due date to be considered for assessment. Instructions on submitting your answer via the subject page will be posted on the subject page. You must attach the ‘Assessment Coversheet’ (available on the subject page) to the front of your answer. Any answers submitted without the ‘Assessment Coversheet’ or with an incomplete coversheet will not be assessed and will receive a mark of 0.

NOTES Only answer this question based on the material in Lectures 1 – 4 DO NOT discuss directors’ duties or the oppression remedy. Where necessary and appropriate, answer each question with reference to the Corporations Act 2001 and applicable general law. Please make sure you follow the instructions in the Reading Guide for preparing and submitting your assignment. Your attention is particularly drawn to its warnings about plagiarism and collusion on pages 15 - 16. Your answer should deal only with matters covered in Lectures 1 to 4. Material dealing with later topics will be ignored. Do not discuss the oppression remedy or directors’ duties. No bibliography is required. Case citations (eg Salomon v Salomon & Company [1897] AC 22) can either be in the body of the answer or in footnotes. Section numbers of legislation should be in the body of the answer, and no further footnoting is required.