Undergraduate - UnitBTF2601 - Banking law

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Business Law and Taxation
Offered	Caulfield Second semester 2014 (Day)
Coordinator(s)	Mr Matt Nichol

Synopsis

Banking Law examines key aspects of the legal regulation of banking in Australia. Topics covered in this lecture include:

the current system of banking regulation in Australia
the regulation of the "bank-customer" relationship
recent banking law reforms after the Global Financial Crisis
changes to lending regulation and the National Consumer Credit reforms
Australia's new personal property securities law and the Personal Properties Securities Act
negotiable instruments and cheques
electronic banking.

Outcomes

The learning outcomes for this unit are for students to:

identify the interaction of different areas in the regulation of modern banking in Australia
describe how the "business of banking" is shaped by the Global Financial Crisis, innovation and the public ownership of banks
evaluate and apply key post-Global Financial Crisis banking law reforms in lending and personal property to the lending industry in Australia
understand how the Banking Act 1958 (Cth) regulates liability of parties to a cheque
examine the regulation of electronic banking in Australia in light of new electronic methods of payment through contactless cards like PayWave and PayPass and smart phone technology such as Kaching and Facebook payments.