Finance Law
Overview
This unit aims to provide students with an understanding of the laws of financial regulations governing the provision of financial services to retail and wholesale clients in Australia. Detailed consideration is given to the role of regulators, the banker- customer relationship, electronic banking, insurance and superannuation. The unit also sensitises students to the ethical considerations faced when dealing with consumers on behalf of financial institutions.
Requisites
Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Learning outcomes
Students who successfully complete this unit will be able to:
- Demonstrate an understanding of the legal and regulatory framework within which financial services providers operate
- Apply knowledge of laws to problem scenarios that may be encountered in business dealings between financial institutions and consumers
- Evaluate the legal relationships (including fiduciary duties) between financial services providers and their clients
- Articulate the legal and ethical responsibilities of the participants in the finance industry
Teaching methods
Hawthorn
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Face to Face Contact (Phasing out) Lecture | 2.00 | 12 weeks | 24 |
| Face to Face Contact (Phasing out) Tutorial | 1.00 | 12 weeks | 12 |
| Unspecified Learning Activities (Phasing out) Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 150 |
OUA
| Type | Hours per week | Number of weeks | Total (number of hours) |
|---|---|---|---|
| Online Directed Online Learning and Independent Learning | 9.50 | 12 weeks | 114 |
| Online Contact (Phasing out) Online Class | 3.00 | 12 weeks | 36 |
| Online Contact (Phasing out) Online Class | 3.00 | 12 weeks | 36 |
| Online Directed Online Learning and Independent Learning | 9.50 | 12 weeks | 114 |
| TOTAL | 300 |
Assessment
| Type | Task | Weighting | ULO's |
|---|---|---|---|
| Examination | Individual | 40 - 60% | 1,2,3,4 |
| Online Quiz | Individual | 10 - 20% | 1,3 |
| Written Assignment | Individual | 30 - 40% | 1,2,3,4 |
Content
Topics may include:
- Brief introduction to the Australian legal system and the regulations relating to the provision of financial services
- Banker and customer
- Legal relationship between lender and borrower
- The Banking Code, Financial Ombudsman Service and the Australian Financial Complaints Authority
- Financial transactions in the digital environment
- Insurance law
- Superannuation law
- Consumer protection
- Ethics in the financial industry
Study resources
Reading materials
A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.