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Unit of study_

LAWS2015: Equity

Semester 2, 2023 [Normal day] - Camperdown/Darlington, Sydney

An appreciation of equitable principles and remedies is fundamental to understanding the legal system and the law of property, taxation and obligations. This unit of study explains the origins of the equitable jurisdiction and examines its role today. A substantial part of the unit is dedicated to study of the law of trusts, including remedial constructive trusts. Other topics include fiduciary obligations, breach of confidence, the doctrines of estoppel, and a study of the equitable remedies of the injunction, an account of profits and equitable compensation.

Unit details and rules

Unit code LAWS2015
Academic unit Law
Credit points 6
Prohibitions
? 
LAWS5015
Prerequisites
? 
None
Corequisites
? 
None
Assumed knowledge
? 

LAWS2012

Available to study abroad and exchange students

Yes

Teaching staff

Coordinator Jamie Glister, jamie.glister@sydney.edu.au
Tutor(s) Adam Waldman, adam.waldman@sydney.edu.au
Ben Chen, ben.chen@sydney.edu.au
Derwent Coshott, derwent.coshott@sydney.edu.au
Maximilian Rabie, maximilian.rabie@sydney.edu.au
Aryan Mohseni, aryan.mohseni@sydney.edu.au
Type Description Weight Due Length
Supervised exam
? 
Final exam (60%)
Final exam (60%)
60% Formal exam period 2 hours
Outcomes assessed: LO1 LO2 LO3
Supervised test
? 
In-semester test (40%)
In-semester test (40%)
40% Week 05
Due date: 01 Sep 2023 at 10:30
1 hour
Outcomes assessed: LO1 LO3 LO2

Assessment summary

  • In-semester test (40%): The in-semester test will be a "pen and paper" exam. It will be "open book". It will be 1 hour in duration with an additional 15 minutes reading time. It will take place at 10.30am on Friday 1 September, Sydney Australia time. It will consist of two questions: one problem and one essay. It will cover the material in topics 1-4.
  • Final exam (60%): The final exam will be a "pen and paper" exam. It will be "open book". It will be 2 hours in duration with an additional 30 minutes reading time. It will take place in the formal exam period. It will consist of two problem questions. It will cover all the material studied in the unit.
  • Note: As the final exam will cover all the material studied in the unit, the "better mark" principle will apply. This means that if a student performs better on the final exam than on the in-semester test, only the final exam mark will be used to calculate the student's overall mark and grade.
  • Special consideration: Successful grants of Special Consideration may involve alternative tasks, as appropriate.
  • Assessment requirements to pass a unit of study: A student must make a genuine attempt at all assessment tasks set out in this Unit of Study in order to obtain a Pass mark and grade (or above); otherwise an Absent Fail grade will be recorded as the student’s result for this Unit of Study.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

  • Completely answers the question.
  • Contains striking originality of approach or analysis.
  • Demonstrates exhaustive or innovative research (where independent research required).
  • Exceptionally well written, structured and expressed.
  • Is otherwise exceptional in some way.

Distinction

75 - 84

  • Completely answers the question.
  • Achieves a critical and evaluative approach to the issues.
  • Content and structure is well organised in support of the argument.
  • Demonstrates extensive research and analysis to support a well-documented argument.
  • Generally well expressed and free from errors.
  • Has a clear structure and is well articulated.

Credit

65 - 74

  • Covers main issues fairly well in answering the question.
  • Contains no significant errors.
  • Demonstrates an attempted critical approach to the issues.
  • Demonstrates reasonably sound research and analysis in addressing the key issues.
  • Has a clear structure and reasonably clear expression.

Pass

50 - 64

  • Identifies the key issues, but does not follow through with a reasoned argument.
  • Contains some significant errors.
  • Displays satisfactory engagement with the key issues.
  • Offers a descriptive summary of material relevant to the question.
  • Superficial use of material, and may display a tendency to paraphrase.
  • Demonstrates little evidence of in-depth research or analysis.
  • Adequate expression.
  • Overall, demonstrates the minimum level of competence in the assessment and satisfies the requirements to proceed to higher-level studies in the degree or subject area.

Fail

0 - 49

  • Does not answer the question.
  • Contains significant or numerous errors.
  • Few or no identifiable arguments.
  • Content that is inappropriate or irrelevant.
  • Lack of research or analysis.
  • Difficult or impossible to understand through poor grammar, expression or structure.
  • Overall, does not demonstrate the minimum level of competence in the assessment.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Ongoing The History and Nature of Equity Seminar (4 hr) LO1 LO2 LO3
Applications of the Conscience of Equity Seminar (4 hr) LO1 LO2 LO3
Remedial Equity Seminar (4 hr) LO1 LO2 LO3
The Nature and Constitution of Trusts Seminar (4 hr) LO1 LO2 LO3
Operation of Express Trusts Seminar (4 hr) LO1 LO2 LO3
Fiduciary Obligations Seminar (4 hr) LO1 LO2 LO3
Resulting Trusts Seminar (4 hr) LO1 LO2 LO3
Constructive Trusts Seminar (4 hr) LO1 LO2 LO3
Tracing Seminar (4 hr) LO1 LO2 LO3
Charity Seminar (4 hr) LO1 LO2 LO3

Attendance and class requirements

  • Attendance: All students are required to attend 70% of classes  to satisfy the pass requirements for each unit of study. Attendance requirements must be satisfied by in person or online attendance as specified by the delivery mode of the unit. Failure to meet this requirement may result in a student being precluded from sitting the final assessment.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

P. Radan and C. Stewart, Principles of Australian Equity & Trusts (5th ed LexisNexis, 2022) 

OR

J.D. Heydon and M.J. Leeming, Cases and Materials on Equity and Trusts, (9th ed. LexisNexis, 2019) 

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Understand the historical reasons for a distinctive equitable jurisdiction and critically evaluate the ongoing significance of equitable doctrines and remedies
  • LO2. Identify and describe various equitable doctrines, and the underlying themes in equitable relief and remedies, justifying their application
  • LO3. Analyse complex factual problems and synthesise legal and equitable principles to construct persuasive legal arguments, and apply them effectively

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

Assessments have been changed.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.