COMMERCIAL AND CORPORATE LAW FOR ACCOUNTANTS

You have listened to the first lecture of LAW205 Commercial and Corporate Law for
Accountants and decided to register your own Pty Ltd company. You really like the
idea of a company being a ‘separate legal identity’.
Required:

  1. What is the “corporate veil” and under what circumstances is an Australian court
    likely to lift it? (15 marks)
    Important: Answers must refer to relevant legislation and case law. This is a
    research assignment, additional research is required in addition to your
    textbook materials. Citation of the most recent court cases on the subject is
    encourages.
  2. Download the necessary registration form from the ASIC website. Complete it
    for the registration of your company. This portion of the assignment is marked
    on the basis that all relevant fields of the form are filled in with the correct
    information. (5 marks)