Offered
Caulfield First semester 2008 (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
- critically 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
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
BTF9380 and BTX4001 and BTX5131