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GDLP75-101: Commercial and Corporate Practice


This is a compulsory subject for the Graduate Diploma in Legal Practice which covers the core skills area ‘Commercial and Corporate Practice’. The aim of this subject is to equip students with the necessary skills and knowledge required to conduct commercial transactions, such as the purchase of a business, on behalf of a client and provide advice on revenue implications in such transactions, as well as financing options.

Subject details

Type: Postgraduate Subject
Code: GDLP75-101
EFTSL: 0.125
Faculty: Faculty of Law
Credit: 10
Study areas:
  • Law
Subject fees:
  • Commencing in 2021: $4,156.00
  • Commencing in 2022: $4,200.00
  • Commencing in 2023: $4,310.00
  • Commencing in 2021: $4,526.00
  • Commencing in 2022: $4,526.00
  • Commencing in 2023: $4,640.00

Learning objectives

1. Define and analyse the operation of commercial law in practice, involving identification of client rights; the legal requirements for setting-up commercial structures and carrying-out commercial transactions. 2. Identify options with respect to business asset financing and revenue implications of commercial transactions and communicate them to a client in a way in which they could be understood and acted upon. 3. Practise the process of purchasing a business and acting in the interests of a client in such transactions. 4. Appraise the processes involved in the purchase of a business and the role of a solicitor in the preparation of documents necessary for the carrying into effect of the transaction.

Enrolment requirements



Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Restrictions: This subject is not available to
  • Study Abroad Students

This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.