Commercial Law and Financial Services

• • Australian legal system
  • Ethics and compliance
  • Financial services law
  • Regulatory framework
  • Australian financial services licence
  • Advisers legal responsibilities
  • Introduction to estate planning
  • Wills and probate / powers of attorney
  • Fundamentals of estate planning
  • Taxation and estate planning
  • Responsibilities of executors
  • Business succession planning

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core

• TAS-MFP-GDI-2021

Special requirements

No special requirements

This subject covers a wide range of interesting legal topics and teaches students how to analyse, and solve legal problems, all essential skills for those wishing to work in the field of financial planning. The subject combines topics that are necessary for a consideration of business and corporate law including: examining the role and functions of the main regulators currently operating in the Australian financial services industry; the sources of law in Australia; how to read and understand legislation and case law; basic business organisations; contract law principles, (including a consideration of terms in a contract and rights on breach of contract); liability in tort law; agency and consumer law; Australian corporate law and corporate governance principles.

This subject also provides you with an introduction to the process of estate planning—which is the process of planning to ensure that the value of a person's assets continues to grow after they die. In financial planning, a great deal of time is spent on developing strategies so that individuals can accumulate wealth while they are alive. Much less time is spent on organising strategies that will enable these assets to continue to accumulate after the individual dies.

• Online test (12%)
• Invigilated exam (60%)
• Individual journal (4%)
• Individual case study (18%)
• Tutorial participation (6%)