LAW4219 - The law of financial transactions - 2019

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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



Chief examiner(s)

Prof Marilyn Pittard Researcher ProfileResearcher Profile (

Unit guides



  • Term 2 2019 (On-campus)


For students who commenced their LLB (Hons) course in 2015 or later:

LAW1111; LAW1114; LAW1112; LAW1113; LAW2101; LAW2102; LAW2112 and LAW2111

For students who commenced their LLB course prior to 2015: LAW1100 OR LAW1101 and LAW1102 or LAW1104; LAW2100 OR LAW2101 and LAW2102


For students who commenced their LLB (Hons) course in 2015 or later: LAW3111 and LAW3112


This unit introduces students to the legal and regulatory issues relating to transactions undertaken by companies and other institutions in order to borrow money or otherwise to raise funds. The unit is in three parts. In the first part, the basic building blocks of: the concepts of credit; how a company borrows money; and how it gives security to its lenders to secure payment, are all examined. The second part involves an examination of the various forms of borrowings, including syndicated financing and project finance. The third part deals with borrowing in the capital markets (that is, without involving a bank as a lender), both domestically in Australia and in other international markets. The unit deals with Australian law and also English and European law and US tax and regulation in so far as they affect Australian companies accessing the international markets. An understanding of common law contract law is assumed and some understanding of company law would be of benefit but is not required.


On completion of this subject, students will be able to:

  1. Creatively apply knowledge and understanding of the basic principles of the law and the practice of corporate finance to new situations for further learning such as those that will be introduced and examined in both the class participation assessments and in the written assessments for the unit;
  2. Investigate, analyse and synthesise complex information, problems, concepts and theories in relation to legal and commercial aspects of various forms of debt finance, including secured and unsecured transactions and other forms of raising debt, including the debt capital markets and solve questions;
  3. Research the concept of the 'capital markets' particularly debt capital markets as a means of raising funds by Australian issuers in both the Australian domestic market and in the international capital market, based on knowledge of appropriate research principles and methods so as to be able to understand how these markets operate and to be able to assess critically the regulation of these markets;
  4. Generate and evaluate at an abstract level complex ideas and concepts relevant to the international financial transactions.


  1. Presentation and Question and Answer session at a Workshop: 15%
  2. Class participation and written note on an assigned topic: 25%
  3. Take-home exam (3000 words): 60%

Workload requirements

Students are required to attend 36 hours of lectures over the duration of this semi-intensive unit.

The unit timetable link below is not applicable to this unit.

See also Unit timetable information