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BTX9380 - Banking law

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Leader(s): Mr Rhett Martin

Offered

Caulfield First semester 2009 (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

BTX4001, BTX5131

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