should limited liability be restricted in certain circumstances or is it a fundamental feature of Australian company law that should not be interfered with?

Instructions:

  1. Required to submit an assignment addressing the following research Topic:

Limited liability is frequently stated as being one of the major advantages of the corporate structure. Having regard to recent ‘class actions’ against large Australian corporations, should such liability be restricted in certain circumstances or is it a fundamental feature of Australian company law that should not be interfered with?

  1. It is expected to demonstrate the;
  • Ability to present considered and concise written arguments on the topic.
  • Ability to conduct self-directed research
  • Originality of thought
  • Ability to identify any relevant professional and ethical issues
  • Understanding of relevant theory and case law; and
  • Ability to critically think about the topic and to develop a conclusion.
  1. Should comply with following the Submission Requirements.

Submission Requirements:

            For this assignment, the following guidelines should be observed:

  1. Assignment must be word – processed using 12pt Times New Roman font. Text should be 1.5 line spaced. All margins are to be set 2.5 cm.
  1. Headings may be used to introduce text. Bullet points are not acceptable.
  1. Referencing should follow the APA Style Guide and remain consistent throughout.
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