Law of Financial Services PG (11789.1)

Please note these are the 2025 details for this unit
Home
/
Find your course
/
Law of Financial Services PG
Available teaching periods Delivery mode Location
View teaching periods On-Campus
Online
 Bruce, Canberra
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Law School Post Graduate Level 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)
This unit provides a comprehensive coverage of the requirements of Chapter 7 of the Corporations Act (2001) - the Law of Financial Services and Markets. The unit introduces students to key definitions such as those for financial services, financial products, retail and wholesale clients. The unit covers in detail the requirements for the licensing of all financial service providers (advisers and dealers); the legal responsibilities of licensees in dealing with their clients; and the consequences of breaching licence requirements and conditions, such as failing to act in the best interests of a client. The unit provides a full treatment of the law with respect to the provision of the most important financial products, such as corporate securities, interests in managed investment schemes and superannuation funds. Students will be able to apply the legal requirements of the Anti-Money Laundering/Counter Terrorism legislation and privacy legislation when providing advice to clients.

Learning outcomes

On successful completion of this unit students will be able to:
1. Critically evaluate legal and regulatory environment for the provision of financial services, with emphasis on professional expectations in ethics and independence and broader social and political context for providing financial services;
2 Exercise critical thinking in the application of relevant law and regulatory standards in giving advice to clients; and
3. Exercise judgement in giving advice to clients and in the assessment of regulatory risk.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
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


Prerequisites

6225 Business Law G

Corequisites

None.

Incompatible units

11573 Law of Financial Services

Equivalent units

None.

Assumed knowledge

None.
Availability for enrolment in 2025 is subject to change and may not be confirmed until closer to the teaching start date.
Year Location Teaching period Teaching start date Delivery mode Unit convener
2024 Bruce, Canberra Semester 1 05 February 2024 On-Campus Dr Jenny Fu
2024 Bruce, Canberra Semester 1 05 February 2024 Online Dr Jenny Fu
2025 Bruce, Canberra Semester 1 03 February 2025 On-Campus Dr Jenny Fu
2025 Bruce, Canberra Semester 1 03 February 2025 Online Dr Jenny Fu
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit timetable.

Required texts

Lists of required texts/readings

Prescribed Texts

  • Melissa Naylor, Law of Investments and Financial Markets (Thomson Reuters, 3rd ed, 2019).

Recommended Texts

  • Ashley Black and Pamela Hanrahan, Securities and Financial Services Law (LexisNexis Butterworths, 10th ed, 2021)

The recommended text (Authors: Ashley Black and Pamela Hanrahan) provides students with more detailed reference material than is generally required for the purposes of this unit, but it does provide a detailed commentary on the findings of the Banking Royal Commission and is a very authoritative resource. Students will also need constant access throughout the semester to a current copy of the relevant legislation (i.e. the Corporations Act 2001 (Cth)) which is freely available online. Additional materials will be provided to students by the lecturer via Canvas.  

Learner engagement

Not required

Inclusion and engagement

Not required

Participation requirements

Attendance is expected for programmed activities. The onus is upon individual students to contact the unit convener if they experience difficulties in participating.

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 unit convenor, tutor and the Faculty. You are also expected to have or gain the ability to use Canvas.

Work placement, internships or practicums

None - Not relevant in this unit

Additional information

Additional information

  • 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.
  • Your learning in this unit is supported by Canvas. Your use of Canvas can be monitored and reported to the unit convenor.

Next step

Apply now Enquire