AYB230 Corporations Law
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYB230 |
|---|---|
| Prerequisite(s): | 96 credit points of completed studies. |
| Antirequisite(s): | LWB334 |
| Equivalent(s): | AYX230 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,174 |
| Pre-2021 CSP student contribution | $1,703 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,456 |
| International unit fee | $5,592 |
Unit Outline: Semester 1 2026, Gardens Point, Internal
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
| Coordinator: | Ellie Chapple | larelle.chapple@qut.edu.au |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies. [KS 1.1, SE 5.1]
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations law. [HO 2.2]
- Apply knowledge of corporations' regulation to respond to legal issues of corporations. [HO 2.1, 2.2]
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response. [HO 2.1, SE 5.2]
- Explain data protection principles and identify privacy regulations for data and information. [SE 5.1]
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give you a fair understanding of the nature of the principal laws relating to companies in the Australian business environment.
Lectures
You are expected to attend lectures each week. Lecture notes are provided each week. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture.
Tutorials
You are expected to attend tutorials each week. Once allocated to a tutorial, you must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances, and the express consent of the unit coordinator is given. You are permitted to only attend one tutorial per week. You are expected to access the tutorial questions from the AYB230 Canvas site each week and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. You are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Scenario Urgent Advice
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply.
You will be provided with a scenario that requires urgent attention, as your client or supervisor will require a response within the designated timeframe. You will be expected to cite primary sources - that is, case law and sections of the Corporations Act 2001, in your answer. This problem solving task will cover topics 1-5.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions. Your answer will be submitted in the format of a report.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resources will be provided on the unit Canvas site
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 1 2026, Online
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies. [KS 1.1, SE 5.1]
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations law. [HO 2.2]
- Apply knowledge of corporations' regulation to respond to legal issues of corporations. [HO 2.1, 2.2]
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response. [HO 2.1, SE 5.2]
- Explain data protection principles and identify privacy regulations for data and information. [SE 5.1]
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give you a fair understanding of the nature of the principal laws relating to companies in the Australian business environment.
Lectures
You are expected to attend lectures each week. Lecture notes are provided each week. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture.
Tutorials
You are expected to attend tutorials each week. Once allocated to a tutorial, you must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances, and the express consent of the unit coordinator is given. You are permitted to only attend one tutorial per week. You are expected to access the tutorial questions from the AYB230 Canvas site each week and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. You are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Scenario Urgent Advice
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply.
You will be provided with a scenario that requires urgent attention, as your client or supervisor will require a response within the designated timeframe. You will be expected to cite primary sources - that is, case law and sections of the Corporations Act 2001, in your answer. This problem solving task will cover topics 1-5.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions. Your answer will be submitted in the format of a report.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resources will be provided on the unit Canvas site
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 2 2026, Gardens Point, Internal
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
| Coordinator: | Ellie Chapple | larelle.chapple@qut.edu.au |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies. [KS 1.1, SE 5.1]
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations law. [HO 2.2]
- Apply knowledge of corporations' regulation to respond to legal issues of corporations. [HO 2.1, 2.2]
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response. [HO 2.1, SE 5.2]
- Explain data protection principles and identify privacy regulations for data and information. [SE 5.1]
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give you a fair understanding of the nature of the principal laws relating to companies in the Australian business environment.
Lectures
You are expected to attend lectures each week. Lecture notes are provided each week. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture.
Tutorials
You are expected to attend tutorials each week. Once allocated to a tutorial, you must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances, and the express consent of the unit coordinator is given. You are permitted to only attend one tutorial per week. You are expected to access the tutorial questions from the AYB230 Canvas site each week and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. You are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Scenario Urgent Advice
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply.
You will be provided with a scenario that requires urgent attention, as your client or supervisor will require a response within the designated timeframe. You will be expected to cite primary sources - that is, case law and sections of the Corporations Act 2001, in your answer. This problem solving task will cover topics 1-5.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions. Your answer will be submitted in the format of a report.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resources will be provided on the unit Canvas site
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
Unit Outline: Semester 2 2026, Online
| Unit code: | AYB230 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 96 credit points of completed studies. |
| Equivalent: | AYX230 |
| Anti-requisite: | LWB334 |
Overview
Individuals and businesses may organise their affairs through various legal structures. One of the most common ways to organise a business structure is through incorporation. Accordingly, accountants should have a detailed knowledge about corporations as a particular type of business structure.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and describe relevant Australian corporations law i.e. legislation, cases, regulatory policies. [KS 1.1, SE 5.1]
- Exercise critical thinking, evaluation and judgement for evidence-based problem solving in the context of individual participant's perspectives of corporations law. [HO 2.2]
- Apply knowledge of corporations' regulation to respond to legal issues of corporations. [HO 2.1, 2.2]
- Analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply, with consideration for environmental, social and governance issues including climate change risk and response. [HO 2.1, SE 5.2]
- Explain data protection principles and identify privacy regulations for data and information. [SE 5.1]
Content
This unit looks at the Corporations Act 2001 (Cth), registration, the separate legal entity doctrine, types/classes of companies and shares, company constitution, replaceable rules, company register, membership, company meetings, directors, corporate governance and directors' duties, members' rights and remedies, corporate liability, capital raising, prospectuses, reporting, disclosure, insolvency issues, external administration and data protection and privacy regulations.
The generic capabilities this unit develops are discipline knowledge, critical thinking and judgement, and legal knowledge.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
Teaching and learning strategies are designed to facilitate the learning outcomes of the unit. The emphasis in Corporations Law is to give you a fair understanding of the nature of the principal laws relating to companies in the Australian business environment.
Lectures
You are expected to attend lectures each week. Lecture notes are provided each week. You should download the lecture notes each week from the AYB230 Canvas site to use during the lecture.
Tutorials
You are expected to attend tutorials each week. Once allocated to a tutorial, you must remain in that tutorial for the entire semester. After the first tutorial, changes are not permitted unless there are exceptional circumstances, and the express consent of the unit coordinator is given. You are permitted to only attend one tutorial per week. You are expected to access the tutorial questions from the AYB230 Canvas site each week and print and bring them with you to the tutorial along with attempted answers for discussion.
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings and to prepare answers for the tutorial discussion questions. You are expected to engage in and lead classroom discussion. Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Refer to the unit Canvas site for the latest information.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Scenario Urgent Advice
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply.
You will be provided with a scenario that requires urgent attention, as your client or supervisor will require a response within the designated timeframe. You will be expected to cite primary sources - that is, case law and sections of the Corporations Act 2001, in your answer. This problem solving task will cover topics 1-5.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Assessment: Problem Solving Task
Acting as an accounting professional, you will analyse and evaluate real world business situations to identify the relevant corporations law and regulations that apply and give consideration for socially responsible solutions. Your answer will be submitted in the format of a report.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Formative or Summative: Formative & Summative
Business Capabilities (AoL goals): HO (2.2), SE (5.1, 5.2)
Assessment: Final Exam
This item of assessment will contain a combination of short answer questions and problem-solving questions. All topics are examinable.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1, 2.2), SE (5.1, 5.2)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resources will be provided on the unit Canvas site
Resource Materials
Prescribed text(s)
Chapple (editor), Baumfield, Copp, Cunningham, Kamalnath, Floyd, Wong, "Company Law: An interactive approach" Wiley, 3rd Edition, 2024. (or most recent available - see Canvas)
Other
Prescribed legislation:
Current edition of Australian Corporations Legislation and additional material available on the unit's Canvas site.
Headset - microphone and earphones to participate in online classes
Risk Assessment Statement
There are no out-of-the ordinary risks associated with this unit.
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO3, ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, ULO3, Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO1, ULO5, Problem Solving Task, Final Exam
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: Scenario Urgent Advice, Final Exam - Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Relates to: ULO4, Problem Solving Task, Final Exam - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO4, Scenario Urgent Advice, Final Exam - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: Problem Solving Task, Final Exam - Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
Relates to: ULO5, Problem Solving Task, Final Exam