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
BLO1105 - Business Law or
BLB1102 - Contracts 1
Get help
- Visit a student service centre
- 1300 VIC UNI (1300 842 864)
- Chat with us online
- Visit the glossary
Find a different unit
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
Melbourne campuses
Students studying under the VU Block Model.
| 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% |
Other locations
| Assessment type | Description | Grade |
|---|---|---|
| Presentation | Presentation | 10% |
| Assignment | Critical analysis | 15% |
| Assignment | Analysing a Legal Problem | 25% |
| Examination | Final Exam | 50% |
Required reading
Banking Law in Australia 9th Ed
A Tyree, 2017
LexisNexis
Where to next?
VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.
