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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. This unit outlines the corporation 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 the corporation, its advantages and disadvantages, and 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 to serve as an introduction to commercial units. The concept and nature of the corporate form are analysed and the legal problems that flow from the adoption of that structure are considered.

Summary 2021

Unit name Corporations Law 1
Unit code LAW305
Credit points 12.5
Faculty/School College of Arts, Law and Education
Faculty of Law
Discipline Law

Associate Prof. Heather Forrest

Teaching staff

Associate Prof. Heather Forrest

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



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About Census Dates

Learning Outcomes

  1. Explain the purposes, content and operation of common law and statutory corporations law principles.
  2. Identify corporations law issues in factual scenarios and apply common law and legislative principles to resolve problems
  3. 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.
  4. Clearly communicate legal arguments and critical legal analysis about corporations law issues to a professional standard.



50 credit points of Intermediate Law core



Teaching Pattern


Synthesis quizzes, 3x 30 minutes (50%, each worth 25% and lowest result not included in final result), Final exam, 2 hours (50%)

TimetableView the lecture timetable | View the full unit timetable



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


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