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FIN4001

Financial institutions law

Associate Professor Robin Edwards

6 points
* 3 hours per week
* Second semester
* Caulfield
* Prerequisites: FIN1010 and FIN1151 or equivalents
* Prohibition: FIN5131

Objectives On completion of this subject students should understand and have a sound knowledge of the banker and customer relationship; federal and state legislation impacting financial institutions; the law relating to bank securities and negotiable instruments.

Synopsis Topics include legal background to Australian financial system; banker and customer; capacity and authority to borrow grant security; lending on the security of land; lending on the security of goods; lending on the security of proceeds; invalidation of company securities.

Assessment Two essays: 50%
* Examination (3 hours): 50%

Prescribed texts

Sykes E and Walker S The law of securities Law Book, latest edn

Weerasooria W S Banking law and financial systems in Australia Butterworths, latest edn


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