Law of Finance
UndergraduateGRF-AFE3152022
Course information for 2022 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Law of Finance
About this subject
- 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.
- 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
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.Â
Prerequisites: AFE215 Introduction to Business Law
- Mid-Trimester Examination (20%)
- Written Assignment (30%)
- Final Examination (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Elective
- GRF-AFA-DEG-2022 - Bachelor of Applied Financial Advice
Prior study
You must have successfully completed the following subject(s) before starting this subject:
Additional requirements
- Equipment requirements - Audio/Video equipment
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Applied Financial Advice
UndergraduateGRF-AFA-DEG