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Ridgeway Computers
Newmarket
Erstellt am Dienstag, 13. September 2016 18:17
Our turnaround time for most desktop PC Notebook and laptop repair and upgrade services for major brands such
as Acer, Alienware, Asus, Dell, eMachines, Gateway, HP, Lenovo, MSI, Sony, Packard Bell, Advent and Compaq
Presario are 1-3 business days.
 
Leslie Brodish
Natchitoches
Erstellt am Dienstag, 13. September 2016 18:03
One of the really interesting things Sunshine Fun Pools is practicing recently is offering an OmniLogic
system from Hayward. This makes controlling your pool from your phone or tablet easy and anywhere you would
like!
 
oscar scanido
London
Erstellt am Dienstag, 13. September 2016 17:28

ACC520 LEGAL REGULATION OF BUSINESS
September 13, 2016
Uncategorized
ACC520 LEGAL REGULATION OF
BUSINESS
ACC520 LEGAL REGULATION OF BUSINESS STRUCTURES

ASSESSMENT TASK 2_ASSIGNMENT 2016
ACC520 LEGAL
REGULATION OF BUSINESS

DUE DATE: Friday 16 September (midnight) (Week 8)

ACC520 LEGAL REGULATION OF
BUSINESS

TOTAL MARKS: 30 marks (30% of overall assessment)

ACC520 LEGAL REGULATION OF BUSINESS

WORD
LIMIT: 1500 words

ACC520 LEGAL REGULATION OF BUSINESS

SUBMISSION: Submit your work electronically in
Black Board under the Assessment tab. Ensure that you include a cover page with your name, the name of your
tutor and day and time of your tutorial.

ACC520 LEGAL REGULATION OF BUSINESS

QUESTION

Dr Dawes
declared personal bankruptcy on 28 February 2016 and he remains undischarged. He informed the board of GML
(refer to the facts of this company in your text book) of this bankruptcy at the first meeting that followed,
on 5 March 2016, which was attended by all GML directors. At this meeting, the board accepted Dr Dawes'
resignation from the board. However, the board unanimously resolved that Dr Dawes should still attend all
board and committee meetings, involve himself fully in discussions and votes and continue to draw directors
fees as a "Consultant Director". They were anxious not to lose his expert mineralogical
knowledge.

On 2 April 2016, the full board met again to discuss a proposal by Mr Boon to purchase a
majority shareholding in Menzies Mining Machines Ltd (MMM). MMM was then a profitable and publicly listed
Australian Company with three million shares on issue at a current price of $4.80 per share. Mr Boon
presented an audio visual display to the board. The GML board was impressed and considered that a purchase
as suggested would increase GML's prestige in the industry in addition to adding to GML's
profitability. The board resolved that Mr Boon and senior management proceed with a view to commencing the
transaction this financial year and prepare a detailed Market Bidder's Statement.

Mr Foster resigned
as a director on 30 April 2016 and took up an executive board position with as CFO with Queensland Equity
Capital Group Ltd (QECG) on 5 May 2016. Mr Foster also holds 12 other board positions with family and
charitable companies. His first recommendation, to his new employer, was to secure a parcel of shares in MMM
based upon "confidential intelligence". QECG immediately purchased 60,000 shares at $4.70. On 7
May 2016, after a regular GML board meeting where the MMM purchase was discussed, Dr Dawes' wife
personally purchased 20,000 shares of MMM (at $5.00 per share) in her own name on her husband's
recommendation, although he did not tell her why.

Mr Huckenfusser has been employed as an Audio Visual
Technician by GML for five years. Part of his duties is to assist with board meetings and he had been present
in the board room with Mr Boon when he raised the purchase of MMM shares. Mr Huckenfusser's
sister-in-law (Mrs Duck) had been pestering him for stock tips for months. She agreed to forgive Mr
Huckenfusser's personal debt to her of $5,000 for any useful information. Mr Huckenfusser told her about
the board meeting and she purchased 5,000 MMM shares for $5.20 per share on 15 May 2064.

By 6 June 2014,
MMM were trading at $12.05. On this day, Mrs Duck sold her shares and realised a profit. On 12 June 2016, Mr
Boon suggested to the board that the time was no longer ripe to continue with the MMM purchase and the board
resolved to end the matter and make no bid announcement to the Exchange. Ms Dawes sold her MMM shares at
$12.70, on instructions received from Dr Dawes by telephone, 10 minutes after the board meeting ended.
MMM's share price quickly collapsed and by 30 June 2016 they were trading at $3.20. QECG retained their
MMM shareholding.

The ASX investigated these matters, established the above facts and reported to ASIC
under section 792B(2)(c). The board of GML met and resolved to take no action against any of the above.
However, the ASX reported these issues to the ASIC. You have recently graduated from USC and have immediately
obtained a position as an Analyst at ASIC. You are tasked with reporting on any breach of section 183 of the
Corporation Act (Cth) 2001 against Dr Dawes, Mr Foster, Mr Huckenfusser and Mrs Duck and subsequent Civil
Penalty action only. Do not discuss any other offences or actions.

Note that this problem is to be read in
conjunction with the facts in the text concerning GML.

Structure your answer according to the following
issues and headings for which maximum marks are indicated:

Introduction 1 mark

Preliminary Issues
7 marks

Possible Breaches of the Corporations Law 10 marks

Defences 4
marks

Remedies 7 marks

Conclusion 1 mark

These headings are required. They must
appear on your paper or you will lose marks.

Do not include an executive summary or merely repeat the
facts. Use the facts as evidence.

Do not include a contents page or a bibliography. Refer to cases and
legislation in the body of your work. You may use footnoting.

Do not number headings eg 1.1, 1.2
etc.

Write using an essay style, using full English sentences and limited use of quotations or bullet
points.

Apportion your comments according to the maximum marks available eg write more on possibl e
breaches than in the introduction. Some issues will apply to all offenders eg "information", while
some issues will be more relevant to a specific offender eg Banning to Mr Foster viz-a-viz Mr
Huckenfusser.

Refer to the assessment criteria provided in the course outline.
 
Jonas Corna
Birmingham
Erstellt am Dienstag, 13. September 2016 09:19
If you have actually merely started looking into care alternatives for a liked one, the procedure can seem a
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Rowena Montealegre
Houston
Erstellt am Dienstag, 13. September 2016 09:10
Working out is visiting provide you far better results when it approaches shedding weight. It is likewise an
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Hailey Tokarz
Anaheim
Erstellt am Dienstag, 13. September 2016 08:32
Here is another way to generate money online in the UK. This is another matched betting system, which is very
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Quentin Hagebusch
New York
Erstellt am Dienstag, 13. September 2016 00:02
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Quentin Hagebusch
New York
Erstellt am Montag, 12. September 2016 23:22
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Quentin Hagebusch
New York
Erstellt am Montag, 12. September 2016 23:12
Bop Bag Inflatable Punching Toy - Kids love to play outdoors and indoors. Make their playtime more exciting
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Ridgeway Computers
Newmarket
Erstellt am Montag, 12. September 2016 22:24
Our turnaround time for most desktop PC Notebook and laptop repair and upgrade services for major brands such
as Acer, Alienware, Asus, Dell, eMachines, Gateway, HP, Lenovo, MSI, Sony, Packard Bell, Advent and Compaq
Presario are 1-3 business days.
 
Sergio Santellana
Orange
Erstellt am Sonntag, 11. September 2016 17:41
Today is the wedding day and also as thousands of people flock towards the theaters and acquire gouged using
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Sharen Neel
Buffalo Grove
Erstellt am Sonntag, 11. September 2016 17:24
Celebrities always enchant people who have their changing hairstyles and appearance.
 
Frances Rice
Wheeling
Erstellt am Sonntag, 11. September 2016 17:14
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Clinton
Erstellt am Sonntag, 11. September 2016 17:06
Should you be looking for the reputed contractor, you might like to know what to consider in the contractor.
 
Ridgeway Computers
Newmarket
Erstellt am Sonntag, 11. September 2016 11:40
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Logansport
Erstellt am Samstag, 10. September 2016 21:23
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Charleston
Erstellt am Samstag, 10. September 2016 20:36
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Aimee Rimple
Green Bay
Erstellt am Samstag, 10. September 2016 18:12
Obtaining a payday loan or lawsuit advance can help you get out of a difficult time but is it a good idea?
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lines start to get gray. Most loan places in Columbia SC cater to men and women with bad credit or no credit.
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Alessandra Rosing
Newton
Erstellt am Samstag, 10. September 2016 15:24
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Quentin Hagebusch
New York
Erstellt am Samstag, 10. September 2016 13:39
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Kandis
Kuitaart
Erstellt am Freitag,  9. September 2016 15:12
wankpuffin There's a fine line between unhealthy jealousy and a competitive spirit that pushes you
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Magaret Barna
Philadelphia
Erstellt am Freitag,  9. September 2016 11:38
Everybody worries that time when they could no much longer take care of themselves, without the need for some
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Los Angeles
Erstellt am Freitag,  9. September 2016 07:41
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Louisville
Erstellt am Freitag,  9. September 2016 00:37
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Ridgeway Computers
Newmarket
Erstellt am Donnerstag,  8. September 2016 23:44
Ridgeway Computers will offer you advice on how to keep your computer running as fast and smooth as possible
along the way.
 
Jon Morneault
Holyrood
Erstellt am Donnerstag,  8. September 2016 18:05
It is important to think about the reputation the fact that the contractor you might be eyeing that can
assist you along with your project holds in their industry and community. You need to conduct a radical
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preferred contractor should say about the mice before settling for his or her services.
 
Merri Broadaway
Alamogordo
Erstellt am Donnerstag,  8. September 2016 16:59
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Alamogordo
Erstellt am Donnerstag,  8. September 2016 16:53
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Damien Broermann
New York
Erstellt am Donnerstag,  8. September 2016 13:37
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Madina Movers
Charleston
Erstellt am Donnerstag,  8. September 2016 13:15
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