Courses & Units

Corporations Law 1 LAW305


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.


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


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


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 2 22/7/2024 16/8/2024 9/9/2024 27/10/2024

* 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 (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

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

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
090901 $2,040.00 $1,597.00 not applicable $2,040.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

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50 credit points of Intermediate Law core


AssessmentAssessment Task 1: Peer and Individual Assignment (15%)|Assessment Task 3: Exam (40%)|Assessment Task 2: Assignment (45%)
TimetableView the lecture timetable | View the full unit timetable



Required readings will be listed in the unit outline prior to the start of classes.

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