CQUniversity Unit Profile
LAWS13009 Corporations Law
Corporations Law
All details in this unit profile for LAWS13009 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student).
The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.
General Information


This unit examines the company as a business structure. Topics include an analysis of the incorporation process, the effects of incorporation, management and control of the company, company financing and finally the process of winding a company up. You will be exposed to provisions of the Corporations Act 2001 and other relevant company-based legislation.


Career Level: Undergraduate
Unit Level: Level 3
Credit Points: 6
Student Contribution Band: 10
Fraction of Full-Time Student Load: 0.125

Pre-requisites or Co-requisites

Prerequisites: LAWS11057, LAWS11059, LAWS11061 and LAWS11062

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Offerings For Term 1 - 2017


Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Class and Assessment Overview

Recommended Student Time Commitment

Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Bundaberg, Cairns, Emerald, Gladstone, Mackay, Rockhampton, Townsville
Adelaide, Brisbane, Melbourne, Perth, Sydney

Assessment Overview

1. Written Assessment
Weighting: 40%
2. Examination
Weighting: 60%

Assessment Grading

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.

Previous Student Feedback

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback from Moodle discussion and email requests.


Students requested access to prior exams which were previously not available on the database.


An exam from T3 2013 is now available on the past exams database. It is recommended that these questions be discussed in tutorials as part of exam revision and model answers posted on Moodle.


Past exam papers were available for students to view.

Unit Learning Outcomes
On successful completion of this unit, you will be able to:
  1. Advise on different forms of business organisation in Australia, and research and compare them to standard forms of business organisation in other jurisdictions
  2. Understand and explain the rules and ethics of internal governance of companies, directors' duties and members' rights, and apply these principles to problem scenarios
  3. Advise on the civil and criminal responsibility of a company for the actions of individuals purporting to act on its behalf
  4. Understand and explain the different forms of financing for companies
  5. Advise on various forms of external administration of companies.

Alignment of Learning Outcomes, Assessment and Graduate Attributes
N/A Level
Introductory Level
Intermediate Level
Graduate Level
Professional Level
Advanced Level

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Written Assessment - 40%
2 - Examination - 60%

Alignment of Graduate Attributes to Learning Outcomes

Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Communication
2 - Problem Solving
3 - Critical Thinking
4 - Information Literacy
5 - Team Work
6 - Information Technology Competence
7 - Cross Cultural Competence
8 - Ethical practice
9 - Social Innovation

Alignment of Assessment Tasks to Graduate Attributes

Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Written Assessment - 40%
2 - Examination - 60%
Textbooks and Resources



Corporations and Financial Markets Law 6th (2013)

Authors: Redmond, P.
Lawbook Co. Thomson Reuters
Sydney Sydney , NSW , Australia
ISBN: 9780455230528
Binding: Hardcover

Additional Textbook Information


Redmond is the essential casebook for this unit. It will be used in most online classes. Additional commentary and the legislation are available via the CCH online subscriptions and the Australasian Legal Information Institute (austlii.edu.au). However, the Corporations Act 2001 is large and can be hard to navigate online, so it is recommended that students purchase the latest Thomson-Reuters edition of Corporations Legislation edited by Baxt.

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
  • iTunesU
Referencing Style

All submissions for this unit must use the referencing style: Australian Guide to Legal Citation, 3rd ed

For further information, see the Assessment Tasks.

Teaching Contacts
Lance Rundle Unit Coordinator
Week 1 Begin Date: 06 Mar 2017


Corporations and Other Business Organisations


Redmond, Ch 1, Ch 2 (sections 2.05-2.150)

Events and Submissions/Topic

Week 2 Begin Date: 13 Mar 2017


The Nature of the Company and its Promoters


Redmond, Ch 3 (sections 3.10-3.180, 3.220-3.245), Ch 4 (sections 4.10-4.70, 4.90-4.120)

Events and Submissions/Topic

Week 3 Begin Date: 20 Mar 2017


Internal Governance and Management Structures


Redmond, Ch 5 (sections 5.30, 5.95-5.130), Ch 6 (sections 6.05-6.50, 6.60-6.85), Ch 8 (sections 8.45-8.67, 8.195-8.210)

Events and Submissions/Topic

Week 4 Begin Date: 27 Mar 2017


Company Liabilities


Redmond, Ch 4 (sections 4.130-4.185), Ch 5 (sections 5.310-5.380).

Events and Submissions/Topic

Week 5 Begin Date: 03 Apr 2017


Directors' Role and Fiduciary Duties


Redmond, Ch 5 (sections 5.105, 5.210-5.300), Ch 7 (sections 7.10-7.30, 7.215-7.540)

Events and Submissions/Topic

Vacation Week Begin Date: 10 Apr 2017



Events and Submissions/Topic

Week 6 Begin Date: 17 Apr 2017


Directors' Duty of Care and Insolvent Trading


Redmond, Ch 7 (sections 7.55-7.205, 7.545-7.560)

Events and Submissions/Topic

Week 7 Begin Date: 24 Apr 2017


Members and their Remedies


Redmond Ch 8

Events and Submissions/Topic

Week 8 Begin Date: 01 May 2017


Corporate Reporting, Record Keeping and Auditing


Redmond Ch 9 (sections 9.120-9.195)

CCH Online, Australian Company Law Commentary Premium, Sections 100-050, 101-050 to 101-075, 286-100 to 286-180.

Events and Submissions/Topic

Week 9 Begin Date: 08 May 2017


Corporate Financing


Redmond, Ch 9 (sections 9.10-9.115, 9.230-9.390), Ch 10

Events and Submissions/Topic

Assessment 1- Written Assignment Due: Week 9 Friday (12 May 2017) 11:45 pm AEST
Week 10 Begin Date: 15 May 2017


External Administration: Schemes, Receivership and Voluntary Administration


Redmond, Ch 3 (sections 3.185-3.195, 3.215)

CCH Online, Australian Company Law Commentary, sections 122-040, 131-020 to 131-080, 131-500, 134-020, 136-200, 136-210, 136-220 to 136-300, 136-440 to 136-640, 137-540 – 137-600, 137-630.

Events and Submissions/Topic

Week 11 Begin Date: 22 May 2017


External Administration: Liquidation


Redmond Ch 3 (section 3.200)

CCH Online, Australian Company Law Commentary Premium, sections 140-010 (introduction + headings: Structure of the winding up provisions, Modes of winding up, Liquidators, Winding up in insolvency, Statutory demand procedure), 140-900 to 141-010, 141-040, 141-100 to 141-130, 141-140, 141-180, 141-800, 161-900, 162-300, 162-550 (introduction only), 162-620 to 162-640, 166-220, 166-280.

Events and Submissions/Topic

Week 12 Begin Date: 29 May 2017


Securities Trading and Takeovers


Redmond, Ch 11 (sections 11.40-11.50, 11.80-11.130, 11.185-11.225, 11.240-11.245), Ch 12, (sections 12.05, 12.20 to 12.25, 12.50 to 12.95, 12.135 to 12.150, 12.185 to 12.205, 12.250)

Events and Submissions/Topic

Review/Exam Week Begin Date: 05 Jun 2017



Events and Submissions/Topic

Exam Week Begin Date: 12 Jun 2017



Events and Submissions/Topic

Assessment Tasks

1 Written Assessment

Assessment Title
Assessment 1- Written Assignment

Task Description

Assessment 1 is a practical task aimed at developing your skills in research, problem solving, analysis and advice on particular aspects of the law covered in the first half of this unit. The detail of the assignment will be available on the Unit Moodle site.

Assessment Due Date

Week 9 Friday (12 May 2017) 11:45 pm AEST

The university's policies about extensions of time and late penalties will be strictly enforced.

Return Date to Students

Monday (29 May 2017)

Assessment with feedback and grade will be returned via Moodle.


Assessment Criteria

The emphasis of the marking will be on the quality of your research, analysis of law and recommendations, and the professional presentation of your arguments and ideas. Recital of law without any critical analysis or relevance will score poorly. The research task includes assessing the relevance of cases and statute law. The analysis task involves applying law relevantly to the actual scenarios contemplated in the question.

Referencing Style


Submission Instructions
Submit via Moodle as a word document.

Learning Outcomes Assessed
  • Advise on different forms of business organisation in Australia, and research and compare them to standard forms of business organisation in other jurisdictions
  • Understand and explain the rules and ethics of internal governance of companies, directors' duties and members' rights, and apply these principles to problem scenarios
  • Advise on the civil and criminal responsibility of a company for the actions of individuals purporting to act on its behalf
  • Understand and explain the different forms of financing for companies
  • Advise on various forms of external administration of companies.

Graduate Attributes
  • Communication
  • Problem Solving
  • Critical Thinking
  • Information Literacy
  • Ethical practice


Complete an invigilated examination

During the examination period, at a CQUniversity examination centre


180 minutes

No calculators permitted
Law dictionaries, Business and Law dictionaries (discipline specific dictionaries) are authorised.
Open Book
Academic Integrity Statement

As a CQUniversity student you are expected to act honestly in all aspects of your academic work.

Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.

When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.

Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.

As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.

What is a breach of academic integrity?

A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.

Why is academic integrity important?

A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.

Where can I get assistance?

For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.

What can you do to act with integrity?