LAWS3306 Finance Law

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 core unit in the Business Law major sequence
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 3 elective
Content
This unit offers an introduction to Australian banking and finance law and examines the legal aspects of financial transactions undertaken by individuals and business organisations. Topics covered include secured finance, negotiable instruments, modern electronic payment systems, consumer credit, financial institution-customer relationship, codes of conduct, legal risks faced by financiers, anti-money laundering law and structuring of financial transactions. This unit is ideal for students who plan to work in the accounting, banking or finance fields.
Outcomes
Students are able to (1) identify the various types of security interests over property and describe how they are created and perfected; (2) explain how consumer credit (and related) contracts are regulated under the Consumer Credit Code; (3) analyse the legal nature of the banker–customer relationship and how it has been modified by industry codes of conduct and anti-money laundering laws; (4) state the legal principles governing payment instruments such as cheques, bills of exchange and payment cards; (5) describe the legal framework for financial products such as interests in managed investment schemes and securitisation; and (6) solve hypothetical legal problems relating to the various topics covered in the unit.
Assessment
Indicative assessments in this unit are as follows: (1) participation; (2) assignment; and (3) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Rasiah Gengatharen
Unit rules
Prerequisites:
LAWS2301 Company Law
or
LAWS2201 Legal Framework of Business; for pre-2012 courses: any two relevant Level 1 units
or
equivalent
Contact hours
lectures: 2 hours per week; tutorials: 1 hour per week
Unit Outline
Semester 1_2019 [SEM-1_2019]
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.