SPEAKER: Hello. In this next five, seven minutes,
I'm going to talk to you about Business Law major.
Business Law major. Sounds to be important.
Business is a really central aspect of the human life.
Now at the time of COVID-19,
we still have a lot of business,
primarily an online business.
Just an example, I have a friend who,
just before COVID-19, started a new business.
Online business,
which involves selling certain products to customers,
mostly Australians, but also customers
from New Zealand and overseas.
He is actually very busy now during COVID-19
because we buy less in the shops.
We actually buy a lot online.
But what I want to talk is about
the significance of the legal aspect
of pieces business law.
So my friend actually studied accounting
and most of the things that he actually requires,
actually requires, his intention actually relate to law.
For instance, he signs a lot of contracts.
For instance, he needed obviously a website
to promote his business,
so he signed a contract for creation of the website.
This issues, what we call in law,
intellectual property rights,
certain rights which actually own product,
a patent and so on.
So, also actually, this issue required his intention,
he actually he hired several employees
and he signed contract with them.
So, once again, we need to study law.
When the employees work for him
and sell his product,
there is actually a responsibility to act carefully,
what we call not to be negligent towards customers.
And my friend, as an employer can be responsible
for actions of his employees.
Plus, he operates as a company,
which requires further knowledge.
Fairly significant knowledge about company law.
Plus in Australia, we have something called
consumer protection law,
which actually requires an additional knowledge
in addition to ordinary business law, ordinary contract law,
some knowledge, additional knowledge of consumer law,
which protects consumers.
And probably finally, once again about my friend,
because he asked me many questions,
one more thing, it's about international consumers.
So today, business is not only local,
not only domestic, not only in Australia,
but also has international implications.
That is why my friend also needs to know
some international commercial law,
not just business law and commercial law here in Australia,
but beyond.
In other words, just based on this example of my friend
in his online business,
I think it is clear that business law,
it's really important, obviously,
to all of you who want to be lawyers in the future,
but also to any of you who want to run a business,
to be involved in some business activity,
which involves interaction with others,
in these other businesses, purchasing goods,
working within a company, law is everywhere.
Law regulates business.
And this is why, I think, business major, it's really important,
really a relevant subject that you may want to consider.
So what do we study in a Business Law major?
So first year we start with some basic things,
such as introduction to law,
we start contracts and the law of negligence,
we do start, we do study Australian consumer law.
Afterwards, after we built this foundation,
we actually discuss much more advanced things.
Actually, commercial law, company law,
we discuss certain basic tools,
basic aspects of business law.
And finally enough in the last step, sort level,
we actually go even further for more advanced units,
taxation law,
we actually provide some real case scenario,
how if we actually demonstrate
how business law works in practise,
we actually, for instance, we ask students to be involved
in actual registration of the company,
to be involved in the actual process
of drafting a real contract.
Also on the last in our last step on level three,
we discuss some international aspects of business law
in relation to international commercial law
and international investment law.
In other words, our programme is fairly structured,
very coherent,
we provide a very strong foundation
and afterwards we actually build upon
this foundation with more advanced subject
in theory of business law and commercial law.
So why to study Business Law subjects?
So I think I think it's really important
it is just as a skill because our business,
low our measure is strongly develops
critical thinking, research problems solving,
it's actually provides really important skills
for your future career.
For some of you who will study accounting in other areas,
if you want to be an accountant, for example,
some units in Business Law major
actually required as a part of accreditation.
For instance, introduction to law and company law,
those units actually required,
mostly required by consultation bodies.
Obviously, those of you who want to be lawyers,
business major seems to be straightforward subject,
straightforward majors that you very seriously
should consider to take.
Generally, as I mentioned, it's also mostly about skills,
really important skills,
whether you're running business,
whether you're actually working for government,
you draft a policy report,
or you're involved in certain activities in the company.
It's all important.
So it's I think it's really interesting, really stimulating, challenging,
and we provide a lot of important real information
and we do take into consideration
the COVID-19 development,
which is on the one hand very challenging,
but the other hand also provide further challenges
for business law in relation, as I mentioned,
online commerce, and also unfortunately,
such things such as bankruptcy and insolvency.
So in terms of your career options, obviously lawyers,
we have so many students who want to become a lawyer
who actually take Business Law major
for various reasons we study law
and we provide a very strong foundation
for JD programme.
But not just lawyers, as I mentioned,
commercial, if you want to be involved in
commercial banking, investment banking,
financial planning, international marketing
because we do study international aspects.
Government, OK. So, many areas.
So many potential employment options
for a Business Law major.
Now, finally, we do have noticed
that some popular combination
with Business Law major,
we do have many Bachelor of Commerce students.
Students who study to be a Business Law major
and accounting, finance, human resource management,
management marketing.
However, our major is not limited to Bachelor of Commerce.
We do have a students from Bachelor of Arts,
specifically a student who studied
Business Law major and political science
and international relations,
work and employment relations,
and the other law major, Law and Society.
So just those just an example.
Thank you so much, and very much hope to see you all
in Business Law major.