BTF3601 · Banking law

Overview

This unit examines the legal foundations of Australia’s banking and finance regulatory framework, focusing on the rights and obligations of financial institutions, regulators, and customers. You will explore the legal and ethical standards governing the provision of financial advice and assess the regulatory principles underpinning consumer credit activities. The unit also addresses the statutory compliance requirements imposed on reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime. In addition, you will investigate the regulation of electronic banking and payment systems, alongside the emerging challenges and regulatory gaps created by technological innovation and the ongoing disruption of traditional banking practices, including FinTech.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. analyse the legal and regulatory foundations of Australia’s banking and finance sector
2. evaluate how key legal principles governing the financial advice framework are implemented to ensure compliance and ethical standards in financial advisory services
3. collaborate with others to assess legal compliance in consumer credit activities using statutory provisions
4. analyse the statutory obligations of reporting entities under the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) framework in the financial services industry
5. investigate legal and regulatory issues and gaps impacting electronic banking and emerging financial technology.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.