Units / LAW5011
LAW5011 · Principles of company law
2026 Handbook6 credit pointsLevel 5Faculty of Law
Last checked: 23 Aug 2026 UTCOverview
The unit introduces the basic principles of Australian corporations law. The unit examines the corporation as a separate legal entity and those situations where the law ignores the separateness of the corporation; classification of Australian companies; adopting, altering and enforcing the corporate constitution; how a company enters binding contracts with third parties; corporate governance and the role and duties of directors; membership of companies, company meetings and members' rights and remedies; corporate finance, share capital, share capital transactions and dividends; administration of insolvent companies and winding up. The unit considers the legal principles in these areas critically and in their social, economic and policy context.
Offerings
| Campus | Teaching period | Mode |
|---|---|---|
| Monash Law Chambers | Trimester 2 | Teaching activities are on-campus and in a block period (ON-BLK) |
| Monash Law Chambers | Trimester 3 | Teaching activities are on-campus and in a block period (ON-BLK) |
| Monash Law Chambers | Trimester 1 | Teaching activities are on-campus and in a block period (ON-BLK) |
Assessment
The Handbook lists an examination for this unit.
| # | Assessment | Type | Weight | Hurdle |
|---|---|---|---|---|
| 1 | Class Participation | Demonstration | 10% | — |
| 2 | In-class quizzes | Quiz / Test | 30% | — |
| 3 | Final Exam | Examination | 60% | — |
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Requisites
corequisite
- LAW5008 — Principles of equity
Learning outcomes
- Critically evaluate the law relating to corporations in a broader regulatory, social or economic context, including contemporary developments in the law and its practice;
- Demonstrate intellectual and practical skills to interpret and justify theoretical propositions, legal methods and conclusions;
- Identify, research, synthesise and evaluate relevant legal, factual and policy issues, including interpreting and applying relevant provisions of the Corporations Act;
- Engage in critical analysis and make reasoned and appropriate choices among alternatives;
- Exercise professional judgment in evaluating jurisprudential and practical considerations raised by corporations law issues;
- Select, analyse, interpret and apply principles of corporations law to generate appropriate responses to complex legal issues embedded in factual scenarios; and
- Communicate effectively and persuasively to specified audiences.
Workload
Students enrolled in this unit will be provided with 36 contact hours of workshops per teaching period. Students will be expected to do reading set for class, and to undertake additional research and reading applicable to a 6 credit point unit.
| Activity | Duration |
|---|---|
| Workshops | 36 hours |
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