Business Law For Managers

This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.

Subject Code:

LAW201A/LAW201B

Note: Both A and B code subject versions are displayed as they are approved equivalent in content, assessments and learning outcomes. As ICMS courses are reaccredited, the subject is updated to a B-code suffix. Students studying a Bachelor of Business, Bachelor of Business (Sports Management), Bachelor of Business (Entrepreneurship and Innovation), Bachelor of Business (Marketing), Bachelor of Business (International Tourism) and Bachelor of Hospitality Management will be enrolled in LAW201B in 2027. Students enrolled in all other courses at ICMS with this subject will complete LAW201A. This arrangement applies to the nested Diploma qualifications of these courses also.

Subject Rationale:

LAW201A

This subject introduces the basic principles of business law, particularly within the context of the Australian legal system. The importance and impact of the legal system on business management is explained inter alia through reference to common law, contract law and torts. This provides students with a base of core legal skills useful for successful business practice. Knowledge of the law is essential for all business managers. The meaningful application of current industry scenarios and historic legal case studies makes this subject a practical and useful learning experience.

LAW201B

This subject provides students with a foundational understanding of the principles of business law, with a particular focus on the Australian legal system and its relevance to contemporary business practice. It explores key legal frameworks including common law, contract law, and torts, highlighting their practical implications for managerial decision-making, organisational governance, and emerging sustainability obligations

Through the examination of current industry scenarios and landmark legal cases, students will develop core legal competencies essential for navigating the regulatory environment in which businesses operate. The subject emphasises the importance of legal literacy for managers, enabling them to identify legal risks, uphold compliance, and make informed decisions that align with ethical and legal standards.

By engaging with real-world applications and critical legal reasoning, students will gain the confidence to interpret legal issues and apply legal principles in a business context, preparing them for leadership roles in both domestic and international settings where sustainability considerations increasingly influence legal and commercial outcomes.

Learning Outcomes:

LAW201A

a) Explain the main features of the Australian and other relevant national legal systems.
b) Appraise the impact of the current legal system on a wide range of business sectors.
c) Analyse the ethical implications of legal decisions.
d) Examine the obligations, rights and remedies available to parties in business relationships.

LAW201B

a) Explain the main features of the Australian and other relevant national legal systems.
b) Appraise the impact of the current legal system on a wide range of business sectors.
c) Analyse the ethical implications of legal decisions, including issues related to sustainability, environmental responsibility, and social governance.
d) Examine the obligations, rights and remedies available to parties in business relationships.

Student Assessment:

Note: (G) = Group Assessment