Banking law and practice
Associate Professor Robin Edwards
6 points * 3 hours per week * First semester Caulfield, In-house
Objectives On completion of this subject a student should have a sound knowledge of the banker-customer relationship; the legal aspects and commercial aspects of negotiable instruments; letters of credit and other allied instruments and know their uses; electronic banking and to be aware of current legal developments in the banking and finance industry relating to the banker-customer relationship.
Synopsis Legal background of the Australian financial system; banker - customer relationship; liability for advice; the impact of the Trade Practices Act; negotiable instruments; letters of credit, standing credits, guarantee; codes of conduct; current issues; Banking Ombudsman; Privacy Act.
Assessment Essay or assignment (3000 words): 30% * Class participation: 10% * Final examination (3 hours): 60%
Prescribed texts
Weerasooria W S Banking law and the financial system in Australia latest edn, Butterworths, 1993