LAWS13009 - Corporations Law

General Information

Unit Synopsis

LAWS13009 Corporations Law examines the various business structures available under Australian law, with a particular focus on companies. Topics include partnerships, corporate personality; the incorporation process; the corporate constitution; company contracts; administration of companies and management of the business of companies; duties and liabilities of directors and officers; share capital and membership; members’ remedies; company credit and security arrangements; and winding up of companies. This unit meets the LPAB requirements for company law.

Details

Level Undergraduate
Unit Level 3
Credit Points 6
Student Contribution Band SCA Band 4
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Prerequisite: 48 credit points of law

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2024

Term 1 - 2025 Profile
Online

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).

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.

Assessment Tasks

Assessment Task Weighting
1. Practical Assessment 50%
2. Take Home Exam 50%

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

Past Exams

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Previous Feedback

Term 1 - 2024 : The overall satisfaction for students in the last offering of this course was 92.86% (`Agree` and `Strongly Agree` responses), based on a 27.45% response rate.

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.

Source: Student feedback, emails, class interactions
Feedback
Third-year students have responded well to teaching and advice about legal practice issues.
Recommendation
Classes should routinely incorporate advice on legal practice issues. This can include not only advice on how legal actions themselves occur in practice, but also advice on client reactions to certain real life scenarios, like their business going broke, and issues of client management.
Action Taken
Incorporated.
Source: Self-reflection on tutorial classes and students' answers to assessment questions.
Feedback
Although this is a third-year unit, students' adherence to the logical principles of IRAC reasoning seems to lapse at critical moments.
Recommendation
The logical principles of IRAC need to be emphasised not as a formatting method but as a logical, reasoning process. In particular, there needs to be a focus on clearly identifying real issues in a problem and working through all relevant conditions of legal rules.
Action Taken
Incorporated.
Source: Review and reflection on students' answers to assessment questions.
Feedback
Students display a misguided reliance on randomly searched Internet sources to answer assessment questions.
Recommendation
The unit coordinator should emphasise in classes and assessment guidances that assessments are designed to assess the students' learning of the unit material, not their ability to look up the Internet, and over-reliance on the Internet is likely to lead to failure.
Action Taken
Incorporated.
Source: Student feedback
Feedback
Topical assessments
Recommendation
Assessments in the subject will continue to be based on emerging and topical issues in Corporate Law (particularly the major assignment).
Action Taken
In Progress
Source: Student feedback
Feedback
Podcasts
Recommendation
Podcasts were a significant means of communication for the subject. Students can listen to these in their own time. Podcasts are kept to 10 minute limits and discreet topics. Podcasts will continue to be further developed and refined next time.
Action Taken
In Progress
Source: Accreditation body
Feedback
Skills based assessment
Recommendation
Assessments in the subject will continue to emphasize required Graduate Skills and Attributes, focusing on advocacy and legal methodology for constructing and communicating arguments.
Action Taken
In Progress
Source: Student feedback
Feedback
Tutorial problems
Recommendation
More tutorial problems will be developed for the tutorials in 2025.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain and advise on the structure and set-up of different business organisations and their internal governance, rights, duties and termination procedures.
  2. Explain and advise on the legal relationship between business organisations, third parties, external administrators (if any), and regulatory authorities.
  3. Explain and advise on company finance and the regulation of markets for the issue, sale and purchase of company securities.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3
1 - Practical Assessment • • •
2 - Take Home Exam • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3
1 - Communication • • •
2 - Problem Solving • • •
3 - Critical Thinking • • •
4 - Information Literacy • • •
8 - Ethical practice • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9 10