BTX9380 - Banking law

Leader: Mr Rhett Martin

Offered

Caulfield First semester 2007 (Evening)

Synopsis

Topics include legal environment of the Australian financial system; banker-customer relationship; liability for advice; the impact of the Trade Practices Act; negotiable instruments; letters of credit; standby credits; guarantees; electronic banking; Bankers' Codes of Conduct; Banking Ombudsman; Privacy; securities.

Objectives

The learning goals associated with this unit are to:

• define the main legal structures of the Australian banking system
• dritically analyse the main legal characteristics of cheques, bills of exchange and promissory notes and their uses
• explain the law in respect to securities, including mortgages, company charges and guarantees
• assess the modern Australian payment system with specific reference to electronic payments and credit cards
• assess the modern regime for corporate and personal insolvency and its legal consequences.

Assessment

Research assignment (3000 words): 30%
Examination (3 hours): 70%

Contact hours

3 hours per week

Prohibitions

BTF9380 and BTX4001 and BTX5131