Faculty of Business and Economics

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Monash University

Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2011 (Day)
Caulfield Second semester 2011 (Day)
Coordinator(s)Ms Tabatha Pettitt (Semester 1), Mr Phillip Lipton (Semester 2).


Topics include the separate legal entity status of companies and the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; corporate management incorporating extensive consideration of directors' duties; share capital; regulation of public fund raising; members' remedies incorporating statutory remedies and common law rights of action; members' meetings; forms of corporate insolvency administrations; trusts, incorporating the role of trustees and the rights of beneficiaries.


The learning goals associated with this unit are to:

  1. demonstrate an understanding of the significance and functions of corporations, and trusts, as legal structures that facilitate the carrying on of business
  2. identify, explain and apply legislation and case law to the internal and external regulation of corporations, and the operations of trusts
  3. develop skills in legal problem solving and analyse legal problems relating to corporations and trusts.


Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Ms Tabatha Pettitt (Semester 1), Mr Phillip Lipton (Semester 2).

Contact hours

3 hours per week




BTC2210, BTG2220, BTW2220