Faculty of Business and Economics

Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

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
Organisational UnitDepartment of Business Law and Taxation
OfferedCaulfield Second semester 2015 (Evening)
Coordinator(s)Dr Phillip Lipton


This unit provides students with an understanding of the general law of corporations within the Australian regulatory context. The focus of this unit is on the nature of a corporation and its governance structure as a means of carrying out business. The unit examines the role of the corporation in society, its relationship to shareholders, creditors, the regulator and the community and includes topics which address the concept of limited liability, director's duties, shareholder remedies and corporate insolvency.


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 regulations of corporations and operation of trusts
  3. develop skills in problem solving and analyse legal problems relating to corporations and trusts.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)


BTF5903 unless enrolled in course 0503.


BTG9220, BTX9020, BTF5950