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.

Unit details

Study level:
Credit points:
Unit code:


BLO1105 - Business Law or

BLB1102 - Contracts 1

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

Required reading

Banking Law in Australia 9th Ed
A Tyree, 2017

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