Finance Law - 2016

Unit summary


  • Level of Study: Undergraduate Level 3
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2016: SP3
  • Availability for 2017: SP1
  • Assessment: Invigilated Exam - (60-70%) , Test - (30-40%)

Unit provided by

2016 Fees
Domestic 1,305.00
HECS 1,305.00
International 1,555.00

The aim of this unit is to enable students to gain an understanding of the laws which impact on the finance industry. Detailed consideration is given to the role of regulators, the banker- customer relationship, cheques and electronic banking. The unit also examines laws relating to the obtaining of finance and securing re-payment.

On successful completion of this unit, students should be able to:

  1. Demonstrate a sound knowledge of the laws (both statutory and common law) which impact on the finance industry
  2. Apply the concepts of finance law to everyday business activities and real world problems
  3. Critically evaluate legal issues in relationships between banks, consumers and regulators
  4. Synthesise arguments from multiple points of view
  5. Articulate the legal and ethical responsibilities of participants in the finance industry
  • Invigilated Exam — (60-70%)
  • Test — (30-40%)
For more information on invigilated exams see Exams and results

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

  • Broadband access

This unit addresses the following topics.

1Introduction to finance law
2Banking customers
4Duties of a banker
5Cheques (including duties of a customer and negligence)
6Guarantees and consumer protection
7Lending on real and personal property (including the torrens system and mortgages)
8Electronic banking

Each unit offered through OUA provides students with unit information that includes assessment topics and due dates, policy information and contact numbers for university support and academic staff. Study materials will also clearly outline each week's topic, readings, student activities and the format of all assessment.

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Banking Law in Australia


    ISBN: 9780409337334


    Supplier:Go to The Co-op Bookshop

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