Corporations Law 1 unit (LAW305)

Introduction

Corporations have 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. This unit examines the various types of corporations and contrasts it at a high level from the various other forms of business organisation: the sole trader, partnership, joint venture, and association (the trading trust is considered in LAW401) in order to gain: an understanding of corporations, and the advantages and disadvantages of this business model. Also covered are: the importance of the separate entity doctrine; an appreciation of the legislative and common law regime; a broad understanding of the mechanics involved in the creation, management and dissolution of a corporation as well as the methods of financing the corporation and the responsibilities of directors.

Summary

Unit name	Corporations Law 1
Unit code	LAW305
Credit points	12.5
College/School	Arts and Society Faculty of Law
Discipline	Law
Coordinator	Doctor Rachel Baird
Available as an elective?	No
Delivered By	University of Tasmania
Level	Advanced

Availability

Specific information on 2027 unit availability will be available in August

Learning Outcomes

• Understand the purposes, content and operation of corporations law in the context of current legal and policy issues.
• Identify the legal issues for corporations and directors within a problem scenario and apply critical legal analysis to answer practical problems.
• Recognise and reflect upon legal and ethical issues likely to arise in the context of company formation, operation and dissolution by the various stakeholders, and the professional responsibilities of lawyers acting for or on behalf of a company, its directors, or shareholders.
• Clearly communicate legal arguments and critical legal analysis about corporations law issues to a professional standard.

Fee Information

2027 fee information will be available in August.

Requisites

Prerequisites

50 credit points of Intermediate Law core

Teaching

Teaching Pattern	Per Unit Schedule
Assessment	Assessment Task 1: Workshop submissions (25%)|Assessment Task 3: Exam (invigilated) (35%)|Assessment Task 2: Moot and written submissions (40%)
Timetable	View the lecture timetable | View the full unit timetable

Textbooks

Required	Lipton, Herzberg, Saunders and Robinson’s Understanding Company Law (22nd edition).
Recommended	Ford, Austin and Ramsay’s Principles of Corporations Law (17th edition).

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