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BUSINESS LAW
Executive Summary
Business laws are very important to be followed by the Companies in course of operations. The corporate entities need to follow the business laws to perform financial reporting and to sustain the industry. The study includes an understanding on the Corporate Entity ANZ Bank, CBA and FLT which includes formation, funding, Governance and winding up as a part of Business laws.
Table of Contents
Introduction    3
Demonstrating an understanding on the Corporate Entity ANZ Bank    3
Applying the corporate legislations and case laws on the Corporate Entity ANZ Bank    4
Issues faced in Australian and New Zealand banking Group Limited (ANZ Company)    4
Demonstrating an understanding on the Corporate Entity CBA Bank    5
Applying the corporate legislations and case laws on the Corporate Entity CBA Bank    6
Issues that are faced regarding share price in Commonwealth bank    6
Demonstrating an understanding on the Corporate Entity FLTGroup    7
Applying the corporate legislations and case laws on the Corporate Entity FLT Bank    7
Issues related to the market share price in Flight Centre Travel Group    8
Conclusion    9
References    10
Introduction
Business law are those laws which are formulated for providing directions to a corporate entity toper form the business operations. Business law mainly interact with the contact, hiring practice of the organisation through which organisation can satisfy customer demands. Without following the laws and legislation a company cannot continue to operate in the industry. A corporate entity is formed by the approval of State Government of the country. This study focussed on the legal issues, which Commonwealth Bank, Flight Centre Travel Group and Australian and New Zealand banking Group Limited currently facing. The study includes an understanding on the Corporate Entity ANZ Bank, CBA and FLT, which includes formation, funding, Governance and winding up. Applying the corporate legislations and case laws on the Corporate Entity ANZ Bank has been done.
Australian and New Zealand Banking Group
Demonstrating an understanding on the Corporate Entity ANZ Bank
1. Formation
ANZ operates in the Financial Services and Banking industry. The bank was founded on March 2, 1835 by Shayne Elliot and David Gonski. ANZ is the largest bank of New Zealand (Anz.com, 2018). Since 2003, the name of the bank transformed into Australian and New Zealand National Bank Limited and in 2012 to Australian and New Zealand Bank New Zealand Limitedheadquartered in Melbourne.
2. Funding
Fund forms the pillars for operational and financial activities of a Company and also forms the capital structure. The funds of ANZ Bank include both the customer funding and wholesale funding(Anz.com, 2018). The Bank has reported $ 480,468 million of customer deposits and $ 786,202 million of equity which forms the funds of the Bank.
3. Governance
The Bank has a good financial position in the position in the banking industry and is sustaining the market effectively. Australian and New Zealand Banking Group also known as ANZ Bank stands third among the largest banks in Australia (Anz.com, 2018).The position of being third largest has been provided on the basis of Market Capitalisation after CBA and Westpac banks.
4. Winding up
The Bank is operating in a good position and does not have situations of winding up currently (Anz.com, 2018). Being a third largest bank the Company recently has no risk of winding up.
Applying the corporate legislations and case laws on the Corporate Entity ANZ Bank
The ANZ Bank needs to follow Companies Act 2001 in the process of financial reporting process. According to the Act the Bank needs to disclose the financial transactions with true and fair view at the end of every financial year.
Issues faced in Australian and New Zealand banking Group Limited (ANZ Company)
Figure 1: Market Share price graph in ANZ Banking Group
(Source: Anz.com.au, 2018)
Australian and New Zealand banking Group Limited (ANZ Company) is the third largest bank in the market through market capitalisation Australia. The issue found in ANZ Banking Group was related with its market share price and net banking facilities. The share price of the company found in December 2017 was $ 29.02.However, the recent share price in 2018 on October was $ 27.72. It has been analysed that the market share price was decreasing in the recent years. According to the 1 year return process the market share price has changed - 4.71% (Anz.com.au, 2018). The comparative share price affects the current market stage of ANZ Banking Group. Misleading in ANZ Banking Group leads to downfall in the market share price (Business.gov.au, 2018).
The management system of the organisation should take proper care about the issues that are related with the issues in share price in ANZ Banking Group. The issues faced by the organisation are also affecting the market position of the organisation in recent market. Proper management system is required in the organisation to have proper maintenance in the market share price in the recent market (Benjamin et al. 2018). It is important to maintain legislation in ANZ Banking Group to have better market share position in the...