Law of Financial Services (11573.1)
|Available teaching periods||Delivery mode||Location|
|View teaching periods|| On-Campus
|| UC - Canberra, Bruce
|0.125||3||Faculty Of Business, Government & Law|
|Discipline||Study level||HECS Bands|
|Canberra Law School||Level 2 - Undergraduate Intermediate Unit|| Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
Learning outcomesUpon successful completion of this unit, students will be able to:
1. Explain the obligations of all financial services providers under Chapter 7 of the Corporations Act and privacy legislation;
2. Understand and articulate the legal differences between key financial products (such as corporate securities, interests in superannuation and interests in managed investment schemes) in advising and dealing in financial services;
3. Demonstrate the general legal obligations of all financial services licensees to retail clients including the obligation to act in the client's best interests, and provide FSG, PDS and Statement of Advice in certain situations;
4. Analyse the essential requirements of a Licensee in providing the FSG, PDS and Statement of Advice required under Chapter 7 of the Corporations Act;
5. Discuss the legal requirements for obtaining and maintaining an Australian Financial Services Licence (AFSL) and the legal consequences for breaching conditions of the AFSL and Financial Disclosure Obligations; and
6. Apply the reporting and notification requirements for AUSTRAC under the AML/CTF legislation.
Graduate attributes1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
Prerequisites11220 Business Law
- 7041 Law of Financial Institutions and Services
|Year||Location||Teaching period||Teaching start date||Delivery mode||Unit convener|
|2021||UC - Canberra, Bruce||Semester 1||08 February 2021||On-Campus||Dr Geoff Nicoll|
Lists of required texts/readings
- Corporations Act 2001 (Cth) (Butterworths, 2020)
- Melissa Naylor, Law of Investments and Financial Markets (Thomson Reuters, 3rd ed, 2019).
- R Baxt, A Black and P Hanrahan P, Securities and Financial Services Law (LexisNexis Butterworths, 9th ed, 2016)
Please note that both prescribed texts and the recommended text will be available to students through the UC Library's Short Loan system. The recommended text (Authors: Baxt, Black and Hanrahan) provides students with more detailed reference material than is generally required for the purposes of this unit, but may be a useful resource. Please note also that in the the first weeks of this unit additional materials will be provided to students by the lecturer via Canvas. Students will need consrtant access throughout the semester to a current copy of the relevant legislation above (i.e. the Corporations Act 2001 (Cth)).
Otherwise, unit readings and resources may be found by going to http://webpac.canberra.edu.au/screens/unitbooklist.html (for print materials) and https://docutek.canberra.edu.au/eres/courseindex.aspx?error=&page=search(for electronic materials) where these have been provided. You may also access http://www.canberra.edu.au/library/research-gateway/databases.
Inclusion and engagement
Attendance for face to face students is expected for programmed activities. Contributions to face to face activities are an important measure for assessment of participation in this unit. The onus is upon individual students to contact the unit convener if they experience difficulties in participating.
Required IT skills
Required IT skills
Students must be sufficiently capable in the use of computers to undertake legal research on the internet, and to provide written assignments. All students should have e-mail communication with the lecturer and the Faculty. You are also expected to have or gain the ability to use Canvas.
No additional text required
Work placement, internships or practicums
Not relevant in this unit
- Where required, further details concerning information in this unit outline will be supplied via the Canvas site for this unit.
- Notices given in class or via Canvas will be deemed to be given to the whole class.
- It is not always practicable for lectures to be recorded. Details of lecture recording will appear in Canvas.
- Your learning in this unit is supported by Canvas. Your use of Canvas can be monitored and reported to the unit convenor.