LAW5466 · Financial services law

Overview

This is an introductory subject to financial services law and regulation in Australia. It will introduce the regulation of financial services in its historical and theoretical context. You will gain an understanding of the key regulatory concepts, including those relating to licensing, disclosure and conduct for financial service providers, issuers and markets. You will also develop an understanding of the key players in the sector and their roles in the development of policy and application of the relevant laws.

Offerings

The Handbook publishes no offerings for this unit.

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

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. Identify and apply various theories of regulation to the provision of financial services in both a local and international context;
2. Demonstrate understanding of the history and background to the current regulatory environment for financial services in Australia including the legal framework within which financial services providers operate;
3. Use an appropriate research method to identify, synthesise and analyse multiple sources of information, in order to investigate complex problems related to financial regulation;
4. Locate and apply knowledge of the key regulatory requirements relating to Australian financial services (AFS) licensing, financial services disclosure and financial products disclosure;
5. Identify and describe the key duties and responsibilities (including common law) of financial services providers;
6. Analyse and comment persuasively on the likely future direction of the financial services sector and its regulation;
7. Evaluate the strengths and weaknesses of different regulatory approaches to protecting the interests of consumers of financial services.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit typically comprises of a mixture of scheduled learning activities and independent study applicable to a 6 credit point unit. Learning activities may include a combination of teacher directed learning, peer directed learning, and online engagement.

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