Courses & Units

Corporations Law 1 LAW305



Compulsory core unit in all Law degrees.


The corporation has huge economic and legal significance. Given this significance, an understanding of the role of the corporation in society and its relationship to the community, shareholders, creditors, the regulator, and other stakeholders is critical. The unit outlines the various forms of business organisation: the sole trader, partnership, joint venture, association and corporation in order to gain: an understanding of the differences between each form of business organisation, their respective advantages and disadvantages, and the importance of the separate entity doctrine; an appreciation of the legislative and common law regime that governs each form of business; a broad understanding of the mechanics involved in the creation, management and dissolution of each type of entity as well as the methods of financing the corporation; and to serve as an introduction to commercial units. Specific topics analysed include business ethics; the origins of corporate law; the theoretical framework of the corporation; the separate entity doctrine; the formation, promotion and establishment of the corporate entity; corporate governance rules and policies - both domestically and internationally; the relationship between the board of directors and members, meeting procedure, directors' duties; accounting and auditing procedures, member remedies, corporate capacity, equity and debt finance, corporate reorganisation and receivership, schemes of arrangement, voluntary administration and winding up. In the discussion of each type of organisation, the concept and nature of that form are analysed and the legal problems that flow from the adoption of that structure are considered.


Unit name Corporations Law 1
Unit code LAW305
Credit points 12.5
Faculty/School Faculty of Law
School of Law
Discipline School of Law
Coordinator Associate Prof. Heather Forrest
Teaching staff

Associate Prof. Heather Forrest

Level Advanced
Available as student elective? No
Breadth Unit? No


Location Study period Attendance options Available to
Hobart Semester 2 On-Campus International Domestic


International students
Domestic students

Units are offered as On-campus where the majority of teaching will occur at the campus identified.  Units offered Off-campus generally have no requirement for attendance at a physical university campus unless the unit has practical or fieldwork components*:  the campus indicated for an Off-Campus unit is the one at which teaching is administered from.

*Please read the Unit Introduction in the Course and Unit Handbook for attendance requirements for units offered in Off-campus mode.

Key Dates

Study Period Start date Census date WW date End date
Semester 2 17/7/2017 10/8/2017 4/9/2017 20/10/2017

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).

Unit census dates currently displaying for 2017 are indicative and subject to change. Finalised census dates for 2017 will be available from the 1st October 2016.

About Census Dates



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2017: $1,324.00 2017: $1,561.00 090999

Fees for next year will be published in October. The fees above only apply for the year shown.

Please note: international students should refer to this page to get an indicative course cost.


  • Pre-requisites: Either LAW221, LAW222, LAW223, LAW224, LAW225, LAW226, LAW204 and LAW205 OR LAW250, LAW251, LAW252, LAW253, LAW254, LAW255, LAW256 and LAW204.


Teaching Pattern

3x50-min lectures weekly, fortnightly tutorial.


Combination of internal and exam based assessment TBA.

TimetableView the lecture timetable | View the full unit timetable



Phillip Lipton et al, Understanding Company Law (18th ed, Thomson Reuters) 2016

Co-op Bookshop links

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.