Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Banking Law examines aspects of the legal environment affecting the bank-customer relationship and financial decisions, including: types of accounts; consumer banking and the bank-customer relationship; negotiable instruments including cheques and bills of exchange; EFT and electronic banking; current issues in banking law; the laws regulating business finance, security and consumer credit, mortgages, company charges, personal property security, guarantees; bankruptcy, and insolvency law.

Objectives

The learning goals associated with this unit are to:

1. describe and examine the key elements of the banker customer relationship, including consumer banking and responsible lending practices
2. critically analyse the main features and uses of negotiable instruments such as cheques, Bills of Exchange and letters of credit
3. examine electronic banking, EFT's and the EFT code, the use of credit cards and describe the structure of the payments system in Australia;
4. define the legal issues in taking security for a loan with reference to mortgages, and personal property security
5. examine key aspects of corporate and personal insolvency and its consequences,
6. evaluate key current developments within the banking system in Australia based on knowledge gained within the course, and evaluate and apply this knowledge to real world, practical examples.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Chief examiner(s)

Dr Andrew Coleman

Contact hours

3 hours per week

Prerequisites

BTF1010