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
Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BLO3405
Prerequisites
Prior to undertaking this unit, Students must have successfully completed BLO1105 Business Law OR BLB1102 Contracts Law.
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Learning Outcomes
| 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
| 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
LexisNexis
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