Law of Finance

Study method

100% online

Available loans

FEE-HELP
HECS-HELP

Assessments

100% online

Prior study

Required

With a network of campuses across Brisbane and the Gold Coast, Griffith University is committed to progressive multidisciplinary teaching and research and a valuable online provider with Open Universities Australia. Already attracting students from more than 122 countries, Griffith's dedication to academic excellence is available across Australia through OUA.

QS RANKING 2020

Times Higher Education Ranking 2020

2020

Subject details

What you'll learn

Possess knowledge of the law as it applies to the regulatory framework, relationships and legal responsibilities of lenders and borrowers, types of credit including the Consumer Credit Code and banking code of practice, Privacy Act, Electronic Funds Transfer Code of Conduct, Hire Purchase Act, Negotiable Instruments, Securities (such as liens, pledges, mortgages, guarantees etc) and the enforcement of securities and consequent remedies
Apply their legal knowledge to complex factual situations in order to achieve a reasoned conclusion through oral and written communication. The application of case law and various legislative instruments involves the use of problem solving and decision making skills, in particular the ability to identify the relevant legal issues from a factual situation; and
Analyse and evaluate case law relevant to the various legislative enactments through oral and written communication.

Topics covered

- Regulatory Framework
- Financial markets, Products and Instruments
- Financial Markets & Products - Insurance.
- Financial Markets & Products -Superannuation
- Lender-Borrower Relationship; Consumer Banking
- Electronic Banking
- Bills of Exchange, Cheques, Negotiable Instruments
- Property and Lending
- Secured and Unsecured Creditors' Remedies
- Structuring/Restructuring Financing Transactions
Study resources
- Instructional methods
  - Audio/Video conferencing
  - Chat Rooms
  - Discussion forum/Discussion Board
  - Online assignment submission
  - Standard Media
  - Web links
  - Podcasting/Lecture capture
- Online materials
  - Online Assessment

Entry requirements

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

GRF-AFE215-Introduction to Business Law ;

Special requirements

EquipmentDetails - Audio/Video equipment

Description

This subject introduces students to the law relating to financial products, financial markets, lending and other finance related activities of Australian banks and other financial institutions in the private sector. Topics covered include the Australian financial system; the relationship between lender and borrower; the statutory regulation of credit; loans to differing forms of business organisations; consumer credit - including Consumer Credit Code, EFT Code of Conduct, payment system and mechanisms, Managed Investment Schemes: real and personal property and the law and enforcement of securities and consequent remedies through the courts/tribunals as well as alternative dispute resolution methods.

Prerequisites: AFE215 Introduction to Business Law

Assessments

Mid-Trimester Examination (20%)
Written Assignment (30%)
Final Examination (50%)

Textbooks