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 identifies the various forms of business organisation (including the sole trader, partnership, joint venture, association and corporation) in order to gain: an understanding of the differences between the corporation and other forms of business organisation, the corporation’s respective advantages and disadvantages, and the importance of the separate entity doctrine; an appreciation of the applicable legislative and common law regime; a broad understanding of the mechanics involved in the creation, management and dissolution of a corporation 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|
|Faculty/School||College of Arts, Law and Education
Faculty of Law
Associate Prof. Heather Forrest
Associate Prof. Heather Forrest
|Available as student elective?||No|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* 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 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $1,729.00||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.
(LAW204 OR LAW253 AND LAW251 AND LAW256 AND LAW255 AND LAW252 AND LAW254 AND LAW250)
(LAW225 AND LAW223 AND LAW221 AND LAW222 AND LAW224 AND LAW226 AND LAW205)
(LAW352 AND LAW253 AND LAW221 AND LAW224 AND LAW351 AND LAW223 AND LAW222)
3x50-min lectures weekly, fortnightly tutorial.
Combination of internal and exam based assessment TBA.
|Timetable||View the lecture timetable | View the full unit timetable|
Phillip Lipton et al, Understanding Company Law (18th ed, Thomson Reuters) 2016
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.