LAW4104

Australian banking law 406 (6 points)

(LAW)

Leader: Dr Olujoke Akindemowo

Offered:
Clayton Second semester 2003 (Day)
Clayton First semester 2004 (Day)

Synopsis: Deregulation of the financial system and statute law relating to banks and other financial institutions. The payments system, electronic banking and the law governing negotiable instruments and cheques. Legal definitions of 'banker' and 'customer', the relationship between the parties and their super-added obligations and reciprocal duties. Bank's duty of secrecy, right to combine accounts, the lien, bank opinions, garnishee orders and Mareva injunctions and how the banker-customer relationship is terminated. Bank lending and securities. Branch banking and law governing bank staff.

Assessment: 3,000 word research assignment worth 40% of the total mark and a 2 hour final examination (30 minutes reading and noting time) worth 60% of the total mark OR a 3 hour final examination (30 minutes reading and noting time), worth 100% of the total mark.

Contact Hours: Three hours of lectures per week

Prerequisites: LAW2100