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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

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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2018

Term 1 - 2018 Profile
Distance
Term 3 - 2018 Profile
Distance
Term 1 - 2019 Profile
Online
Term 3 - 2019 Profile
Online
Term 1 - 2020 Profile
Online
Term 3 - 2020 Profile
Online
Term 1 - 2021 Profile
Online
Term 3 - 2021 Profile
Online
Term 1 - 2022 Profile
Online
Term 3 - 2022 Profile
Online
Term 1 - 2023 Profile
Online
Term 3 - 2023 Profile
Online
Term 1 - 2024 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. Group Discussion 10%
2. Written Assessment 30%
3. Examination 60%

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 - 2023 : The overall satisfaction for students in the last offering of this course was 100.00% (`Agree` and `Strongly Agree` responses), based on a 34.48% 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 and emails.
Feedback
Students have been unaware of the availability of past exams when preparing for the final exam.
Recommendation
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
This was fixed. Past exams were made available on the Moodle site.
Source: Student feedback.
Feedback
Students have difficulty identifying from the textbook the key topics each week.
Recommendation
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
The unit coordinator now comments on the importance of particular topics as part of the tutorial class.
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
Nil.
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
Nil.
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
Nil.
Unit learning Outcomes

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

  1. Advise on different forms of business organisation in Australia
  2. Research business structures in foreign jurisdictions and compare them to Australian business structures
  3. Understand and explain the rules and ethics of internal governance of companies, directors' duties and members' rights, and apply these principles to problem scenarios
  4. Advise on the civil and criminal responsibility of a company for the actions of individuals purporting to act on its behalf
  5. Understand and explain the different forms of financing for companies and the regulation of securities markets
  6. Advise on various forms of external administration of companies.


Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Group Discussion •
2 - Written Assessment • • •
3 - Examination • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
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 •
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
1 - Group Discussion • • • • •
2 - Written Assessment • • • • • •
3 - Examination • • • • •