Courses & Units

Corporations Law 1 LAW305



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 outlines the various forms of business organisation: the sole trader, partnership, joint venture, association and corporation in order to gain: an understanding of the differences between each form of business organisation, their respective advantages and disadvantages, and the importance of the separate entity doctrine; an appreciation of the legislative and common law regime that governs each form of business; a broad understanding of the mechanics involved in the creation, management and dissolution of each type of entity as well 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
Unit code LAW305
Credit points 12.5
Faculty/School Faculty of Law
School of Law
Discipline School of Law
Teaching staff


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


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 13/7/2015 10/8/2015 31/8/2015 16/10/2015

* 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 2015 are indicative and subject to change. Finalised census dates for 2015 will be available from the 1st October 2014.

About Census Dates



Band CSP Student Contribution Full Fee Paying (domestic) Field of Education
3 2015: $1,283.00 2015: $1,486.00 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.


  • Pre-requisites: Either LAW221, LAW222, LAW223, LAW224, LAW225, LAW226, LAW204 and LAW205 OR LAW250, LAW251, LAW252, LAW253, LAW254, LAW255, LAW256 and LAW204.


Teaching Pattern

3x50-min lectures weekly, fortnightly tutorial.


Combination of internal and exam based assessment TBA.

TimetableView the lecture timetable | View the full unit timetable


Booktopia textbook links

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