Finance Law
Duration
- One Semester or equivalent
Contact hours
- 36 hours
On-campus unit delivery combines face-to-face and digital learning.
2023 teaching periods
Swinburne Online Teaching Period 1 |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
150 Credit Points from a bachelor degree
Aims and objectives
This unit aims to provide students with an understanding of the laws which impact on the financial institutions. Detailed consideration is given to the role of regulators, the banker- customer relationship, electronic banking, insurance and superannuation. The unit also sensitises students to the ethical considerations faced when dealing with consumers on behalf of financial institutions.
Students who successfully complete this unit will be able to:
2. Apply knowledge of laws to problem scenarios that may be encountered in business dealings between financial institutions and consumers
3. Evaluate the legal relationships (including fiduciary duties) between financial services providers and their clients
4. Articulate the legal and ethical responsibilities of the participants in the finance industry
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Type | Hours per week | Number of Weeks | Total |
Face to Face Contact Class | 2 | 12 | 24 |
Online Contact Online learning activities and discussion boards | 1 | 12 | 12 |
Unspecified Learning Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Contact Directed Online Learning and Independent Learning | 9.5 | 12 | 114 |
Online Contact, Online Class | 3 | 12 | 36 |
TOTAL | 150 hours |
Assessment
Assignment (Individual) 30 - 40%
Online Quiz (Individual) 10 - 20%
Final Examination (Individual) 40 - 60%
Final Examination (Individual) 40 - 60%
Content
- Brief introduction to the Australian legal system and the regulations relating to the provision of financial services
- Banker and customer
- Legal relationship between lender and borrower
- The Banking Code, Financial Ombudsman Service and the Australian Financial Complaints Authority
- Financial transactions in the digital environment
- Insurance law
- Superannuation law
- Consumer protection
- Ethics in the financial industry
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.