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|
|College/School||College of Arts, Law and Education
Faculty of Law
|Coordinator||Doctor Rachel Baird|
|Available as an elective?||No|
|Delivered By||University of Tasmania|
|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|
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- 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.
|Field of Education||Commencing Student Contribution 1,3||Grandfathered Student Contribution 1,3||Approved Pathway Course Student Contribution 2,3||Domestic Full Fee 4|
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Prerequisites50 credit points of Intermediate Law core
|Assessment||Assessment Task 1: Peer and Individual Assignment (15%)|Assessment Task 3: Exam (40%)|Assessment Task 2: Assignment (45%)|
|Timetable||View the lecture timetable | View the full unit timetable|
Required readings will be listed in the unit outline prior to the start of classes.
|Links||Booktopia textbook finder|
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