Law of Financial Institutions and Securities

Unit code: BLO3405 | Study level: Undergraduate
12
(Generally, 1 credit = 10 hours of classes and independent study.)
City Campus
Footscray Park
Online Real Time
BLO1105 - Business Law; or
BLB1102 - Contracts 1
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

The unit investigates the legal framework within which bank and non-bank Authorised Deposit-taking Institutions (ADIs) operate. Students will critically review their regulation under legislation, the general law and the Industry Codes; the assessment and operation of securities accepted by them; and the legal consequences of a borrower's insolvency. Topics to be investigated include: the legal setting of the Australian banking system, nature of the banker customer relationship, the conduct of financial institutions and their responsibilities to customers, cheques, negotiable instruments, securities, credit cards and electronic banking services, and insolvency.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Critically analyse legal issues commonly arising in the Australian financial and banking industries;
  2. Determine and articulate the legal rights, duties and responsibilities of parties in a banker-customer relationship to achieve a balance of individual and public interest;
  3. Interpret and apply legislation, case law and industry codes to problem scenarios; and
  4. Review current legal issues affecting the banking sector.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 10%
Online Test
Assessment type: Presentation
|
Grade: 30%
Video Presentation of Legal Argument based on Scenario
Assessment type: Assignment
|
Grade: 40%
Submission on Hypothetical Problem
Assessment type: Test
|
Grade: 20%
Online Test

Other locations

For students studying at Liaoning University
Assessment type: Presentation
|
Grade: 10%
Presentation
Assessment type: Assignment
|
Grade: 15%
Critical analysis
Assessment type: Assignment
|
Grade: 25%
Analysing a Legal Problem
Assessment type: Examination
|
Grade: 50%
Final Exam

Required reading

Banking Law in Australia
A Tyree, 2021| LexisNexis

As part of a course

This unit is studied as part of the following course(s):

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