Faculty of Law

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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





  • First semester 2016 (Day)
  • Second semester 2016 (Day)


  • Term 3 2016 (Day)


The unit critically examines the body of legal rules that govern the formation, management, financing and winding up of Australian corporations. Specific topics include: choice of the corporate business form, formation and characteristics of a corporation, the corporate constitution, corporate finance, share structure and membership, constitution and powers of the corporate organisation (board and general meeting), corporate authority, governance of the corporation, directors' duties, shareholders' remedies, administration and winding up of the corporation.


At the successful completion of this unit students will be able to:

  1. critically evaluate the law relating to corporations in a broader regulatory, social or economic context;
  2. demonstrate the intellectual and practical skills needed to interpret legal conclusions and professional decisions ;
  3. identify, research, synthesise and evaluate relevant legal, factual and policy issues, including interpreting and applying relevant provisions of the Corporations Act;
  4. demonstrate cognitive and creative skills in approaching legal issues and generating appropriate responses and developing new understandings;
  5. engage in critical analysis and make reasoned and appropriate choices among alternatives; and
  6. communicate effectively and persuasively to specified audiences.


(1) Research skills module (Hurdle requirement, with no marks allocated to it. Failure to complete the module will result in a zero mark for task 2).
(2) Research memorandum and client letter of advice, 2000 words (40%)
(3) Final exam (2 hours plus 30 minutes reading and noting time) (60%)

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. 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)


For students who commenced their LLB (Hons) course in 2015 or later:
LAW1111; LAW1114; LAW1112; LAW1113; LAW2101; LAW2102; LAW2112; LAW2111
For students who commenced their LLB course prior to 2015:
LAW1100 OR LAW1101 and LAW1102 or LAW1104; LAW2102