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.


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 1 - 2024

Term 1 - 2024 Profile

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 - 2022 : The overall satisfaction for students in the last offering of this course was 72.73% (`Agree` and `Strongly Agree` responses), based on a 25.00% 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: Internal review
An internal review of the unit suggested that the level of difficulty may fall short of what is required for a third year unit.
1. The unit coordinator should review the level of difficulty of the assessments to accord with third year standards. 2. The unit coordinator should review the presentation and content of the tutorial problems to challenge the students more.
Action Taken
This has been done, but the process is also ongoing.
Source: Student feedback, observation of students performance and students' expressed expectations.
Because of the authentic nature of the assignment, students have difficulty tracking where they are at in terms of progress towards the exam (which is a different style of assessment).
The weekly quizzes should be converted to Practice Quizzes on the Moodle site, making them more prominent as a learning tool and providing a running record of their results in the Gradebook. Students should be encouraged to do the weekly quizzes to monitor their progress.
Action Taken
This has been done.
Source: Student feedback and emails.
Students have been unaware of the availability of past exams when preparing for the final exam.
The unit coordinator should ensure that students are aware of how to find past exams in order to prepare for the final exam.
Action Taken
Source: Student feedback.
Students have difficulty identifying from the textbook the key topics each week.
The unit coordinator should use tutorial time to clarify what topics are important in each module, and to emphasise the importance of studying the textbook.
Action Taken
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