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Law of Financial Institutions and Services (7041.5)

Level: Level 2 - Undergraduate Intermediate Unit
Credit Points: 3
HECS Bands: 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Law & Justice

Availability

    Unit Outlines

    To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

    • Semester 2, 2018, ON-CAMPUS, BRUCE (179672) - View
    • Semester 2, 2017, ON-CAMPUS, BRUCE (167216) - View
    • Semester 2, 2016, ON-CAMPUS, BRUCE (158213) - View
    • Semester 2, 2015, ON-CAMPUS, BRUCE (139594) - View

    If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

    Syllabus

    This unit provides students with an understanding of the law as it applies to the Australian financial system. Topics include (i) The regulatory mechanism - how banks and non bank financial institutions (NBFI) are regulated by Commonwealth and State laws; (ii) financial institutions and their customers - the nature of the relationship; the rights, duties and obligations of the parties; and, specifically, the law affecting lending and securities; (iii) the operation of the payment system - negotiability; bills of exchange; promissory notes; cheques; payment orders; electronic funds transfer system; (iv) the international dimension of financial transactions - forms settlement; foreign exchange; foreign investment.

    Learning Outcomes

    1. Students will understand the law regulating financial institutions in Australia and the relationship between financial institution and customer. Key skills which will be developed are the abilities to analyse factual problems and apply the law to resolve the issues and to critically analyse existing law and reform proposals from a legal and policy perspective.

    Assessment Items

    Contact Hours

    Three hours per week.

    Prerequisites

    4977 Introduction to Business Law OR 9523 Business Law & Ethics OR 11220 Business Law

    Referenced Courses



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