Finance Law - 2018

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 2017: SP1
  • Availability for 2018: SP3
  • Assessment: Invigilated Exam - Individual (60-70%) , Test - Individual (30-40%)

Unit provided by

2018 Fees
Domestic 3,450.00
Domestic continuing 1,465.00
HECS 1,368.00
International 3,700.00
International continuing 1,715.00

Tuition fees are reduced for continuing registered SWI students.
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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.

Students who successfully complete this unit will be able to:

  1. Demonstrate a sound knowledge of the laws (both statutory and common law) which impact on business activity and the finance industry
  2. Critically evaluate and synthesise legal issues in relationships between banks, consumers and regulators
  3. Articulate the legal and ethical responsibilities of participants in the finance industry.
  • Invigilated Exam — Individual (60-70%)
  • Test — Individual (30-40%)
For more information on invigilated exams see Exams and results

Student must complete 10 units prior to enrolling in this unit

This unit addresses the following topics.

1Brief introduction to the Australian legal system
2Introduction to finance law
3Banking customers
5Duties of a banker
6Cheques (including duties of a customer and negligence)
7Guarantees and consumer protection
8Lending on real and personal property (including the torrens system and mortgages)
9Electronic 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 an approved elective 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.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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