Authorised by Academic Registrar, April 1996
Objectives On completion of this subject a student should have a sound knowledge of the banker-customer relationship; the legal aspects and commercial aspects of negotiable instruments; letters of credit and other allied instruments and know their uses; electronic banking and to be aware of current legal developments in the banking and finance industry relating to the banker-customer relationship.
Synopsis Topics include legal background of the Australian financial system; banker - customer relationship; liability for advice; the impact of the Trade Practices Act; negotiable instruments; letters of credit, standing credits, guarantee; codes of conduct; current issues; banking ombudsman; Privacy Act.
Assessment Assignment (3000-word essay): 30% + Class participation: 10% + Examination (3 hours): 60%