- Class Number 2213
- Term Code 3130
- Class Info
- Unit Value 6 units
- Mode of Delivery Online or In Person
- Dr Michelle Worthington
- Cameron Roles
- Class Dates
- Class Start Date 22/02/2021
- Class End Date 28/05/2021
- Census Date 31/03/2021
- Last Date to Enrol 01/03/2021
This course provides an understanding of Australian corporate law. The course is structured to meet the admission requirements for practice as a legal practitioner in the Australian states and territories. The following topics will be covered:
- forms of business association, including partnership;
- incorporation and the concept of separate legal personality;
- the corporate constitution;
- membership of the corporation and share capital;
- corporate contracting;
- duties and liabilities of directors and officers;
- basic features of the management of companies;
- shareholders' remedies;
- company credit and security arrangements; and
- winding up.
Upon successful completion, students will have the knowledge and skills to:
- Identify, explain and apply the principles of corporations law covered in the course;
- Identify, critique and analyse the theory and policy issues underpinning the corporate laws covered in the course;
- Access, use, interpret and apply complex statutory material to resolve corporate law problems and issues;
- Select and apply a range of approaches to written and oral communication, and apply the critical thinking required to bring about solutions to complex corporate law problems; and
- Plan and conduct a research project, with intellectual independence.
The prescribed text is Stephen Bottomley, Katherine Hall, Peta Spender and Beth Nosworthy, Contemporary Australian Corporate Law (Cambridge University Press, 2nd Edition, 2020).
Students must also have a current edition of the Corporations Act 2001 (Cth) (the Act). It is strongly recommended that students obtain a hard copy of the Act for learning purposes.
There are a number of excellent corporations resources that may assist students to refine their understanding of the law.
- Paul Redmond, Corporations and Financial Markets (Thomson Reuters, 7th ed, 2017);
- HAJ Ford, RP Austin, Ian M Ramsay, Ford's Principles of Corporations Law (available via the ANU Library's LexisAdvance subscription). Please note that this is a practitioner's resource and is more detailed than student texts tend to be.
Students will be given feedback in the following forms in this course:
- grades awarded;
- written comments; and
- if a student seeks further information and the Convenor deems it appropriate, face-to-face consultation.
ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.
Extensions late submission and penalties - https://law.anu.edu.au/current-students/policies-procedures/extensions-late-submission-and-penalties
Deferred examination: http://www.anu.edu.au/students/program-administration/assessments-exams/deferred-examinations
Special consideration: http://www.anu.edu.au/students/program-administration/assessments-exams/special-assessment-consideration
Penalties for excess word length: https://law.anu.edu.au/current-students/policies-procedures/word-length-and-excess-word-penalties
Distribution of Grades Policy: Effective from Winter Session and Second Semester 2018 (and until further notice), the current Grading Distribution Policy has been suspended pending the development of a new policy. For further information about the interim policy please see: https://law.anu.edu.au/current-students/policies-procedures/grading
Further Information about the Course: is available from the course WATTLE page. Students are required to access the WATTLE site regularly throughout the course for details on weekly classes and any announcements and updates relating to the course.
|Week/Session||Summary of Activities||Assessment|
|1||The nature of the corporation; the role of the corporation in society|
|2||The separate legal entity doctrine; regulation and types of companies|
|3||Share and debt finance; dividends|
|4||The corporate constitution; variation of class rights|
|5||Corporate contracting; section 129 assumptions|
|6||Division of power; company meetings|
|7||Directors’ duties; duty of care, skill and diligence|
|8||Duty of good faith; fiduciary duties|
|9||Fiduciary duties continued (Sections 182-183)|
|10||Members’ rights and remedies|
|11||External administration; voluntary administration|
Tutorial registration will be via the course Wattle page. We will be opening up at least 50% (and possibly more) of the tutorials 2 weeks before the start of semester. Tutorial registration will close at the end of week 3. Students should keep an eye on Wattle for further information on tutorial sign-up. Once enrolled in a tutorial group, you must attend the same tutorial group each week until the end of the semester.
|Assessment task||Value||Due Date||Return of assessment||Learning Outcomes|
|Online Quiz||15 %||26/03/2021||*||1, 3|
|Research Essay||35 %||19/04/2021||17/05/2021||1, 2, 3, 4, 5|
|Final Online Examination||50 %||*||01/07/2021||1, 3, 4|
* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details
ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:
- Student Assessment (Coursework) Policy and Procedure
- Special Assessment Consideration Policy and General Information
- Student Surveys and Evaluations
- Deferred Examinations
- Student Complaint Resolution Policy and Procedure
The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website. In rare cases where online submission using Turnitin software is not technically possible; or where not using Turnitin software has been justified by the Course Convener and approved by the Associate Dean (Education) on the basis of the teaching model being employed; students shall submit assessment online via ‘Wattle’ outside of Turnitin, or failing that in hard copy, or through a combination of submission methods as approved by the Associate Dean (Education). The submission method is detailed below.
Moderation of Assessment
Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.
This course involves three hours of lectures per week for the first three weeks of the course (taught across two lectures). From week four, the Course structure will shift, and we will move to a single two-hour lecture per week, plus one hour long tutorial. In general terms, students are expected to devote at least ten hours overall per week to this course.
This course has an examination. Please note that the date used in the assessment summary is approximate only. Students should consult the examinations timetable when it is released to confirm the date and time.
Assessment Task 1
Learning Outcomes: 1, 3
Details of task: The online quiz is comprised of 15 multiple choice and/or short answer questions which aim to test students' knowledge of the content covered in weeks 1-5 of the course. This quiz is an INDIVIDUAL ASSESSMENT ITEM - students are not to consult any other person with respect to any of the questions in the quiz. Further information about the quiz will be available closer to the date of the quiz via Wattle. This is an open book quiz.
Nature of task: Compulsory. Failure to participate will result in 0 marks for this task. If you experience unavoidable and extenuating circumstances and cannot sit the quiz at the due date and time, you should apply for an extension to the College of Law student admin team here:
The College will give you one opportunity to sit the quiz, at the same time one week later. This will be your final opportunity to sit the quiz.
Release: Friday 26 March 2021 6:30pm via Wattle.
Duration: 1 hour. The quiz will commence at 6:30pm and close at 7:30pm. The timing of the quiz is universal; i.e. if a student logs on at 7pm instead of 6:30pm, they will only have 30 minutes in which to complete the quiz.
Due date: Friday 26 March 2021 7:30pm via Wattle.
Estimated return date: When all eligible students have completed the quiz.
- understanding of corporate history and theory, including foundational concepts of corporate and legal personality;
- understanding of corporations law rules and principles;
- interpreting and applying the Corporations Act 2001 (Cth).
Assessment Task 2
Learning Outcomes: 1, 2, 3, 4, 5
Details of task: Students will be required to write a short essay in response to one (1) of the questions provided.
Nature of task: Compulsory. Failure to submit this task will result in a mark of zero (0) for this task.
Word limit: 1500 words (including headings but excluding footnotes).
Release: Week 1 (via Wattle).
Due date: Monday 19 April 2021 at 5pm. Late submission (without an extension) is permitted, but a mark penalty will be imposed.
Estimated return date: Monday 17 May 2021. Students will be notified if assessment is to be returned later than this estimated date.
Submission: Essays are to be submitted via Turnitin on the Course Wattle page. Students should submit their essay in Word format (docx). PDF format is NOT PERMITTED. Students should include their u number in the file name of the essay.
Word length penalties: Default ANU CoL word length penalties will apply.
Assessment criteria: The following assessment criteria will be applied to the Essay:
- quality of the thesis (including clarity and scope of thesis);
- effectiveness of chosen structure;
- quality of analysis;
- quality of research;
- quality of written expression;
- commitment to Academic Integrity (including AGLC 4 compliance).
A rubric for the essay will be provided on Wattle.
Assessment Task 3
Learning Outcomes: 1, 3, 4
Final Online Examination
Details of task: This will be a HIRAC problem question style exam; all material in Weeks 1-12 is examinable.
Nature of Task: Compulsory. Students who do not attempt the exam will receive a mark of zero (0) for the task.
Duration: 2 hours.
Word limit: There will be no word limit for the exam.
Date and time: Please consult the end of semester ANU examinations timetable once it is released.
Estimated return date: With release of final results via Turnitin.
Assessment criteria: The general criteria to be used is as follows:
- ability to identify the legal issues raised by the question;
- understanding of the relevant law raised by the question;
- quality of analysis and argument (including application of relevant law to the facts);
- quality of composition (including structure and written expression);
- commitment to Academic Integrity.
A rubric for the final exam will be made available on Wattle.
Academic integrity is a core part of the ANU culture as a community of scholars. At its heart, academic integrity is about behaving ethically, committing to honest and responsible scholarly practice and upholding these values with respect and fairness.
The ANU commits to assisting all members of our community to understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to be familiar with the academic integrity principle and Academic Misconduct Rule, uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with.
The Academic Misconduct Rule is in place to promote academic integrity and manage academic misconduct. Very minor breaches of the academic integrity principle may result in a reduction of marks of up to 10% of the total marks available for the assessment. The ANU offers a number of online and in person services to assist students with their assignments, examinations, and other learning activities. Visit the Academic Skills website for more information about academic integrity, your responsibilities and for assistance with your assignments, writing skills and study.
You will be required to electronically sign a declaration as part of the submission of your assignment. Please keep a copy of the assignment for your records. Unless an exemption has been approved by the Associate Dean (Education) submission must be through Turnitin.
For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Any hard copy submissions must use the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.
Individual assessment tasks may or may not allow for late submission. Policy regarding late submission is detailed below:
- Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded.
- Late submission permitted. Late submission of assessment tasks without an extension are penalised at the rate of 5% of the possible marks available per working day or part thereof. Late submission of assessment tasks is not accepted after 10 working days after the due date, or on or after the date specified in the course outline for the return of the assessment item. Late submission is not accepted for take-home examinations.
Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.
Extensions and Penalties
Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure. The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.
Distribution of grades policy
Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes.
Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.
Support for students
The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).
- ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
- ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
- ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
- ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
- ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
- ANUSA supports and represents undergraduate and ANU College students
- PARSA supports and represents postgraduate and research students
Corporate law, corporate theory, legal design, value theory, jurisprudence.
Dr Michelle Worthington