6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
- First semester 2017 (Day)
Aspects of the legal and regulatory environment that affects financial decisions, transactions and relationships. Includes the laws regulating financial institutions and the banker/customer relationship; cheques; electronic payments; bills of exchange; bank lending, business finance and security; consumer credit; guarantees and bankruptcy.
The learning goals associated with this unit are to:
- explain the legal and regulatory environment of the banking and finance sector
- analyse the legal and regulatory concepts underlying banking and financial transactions
- understand the legal rights and obligations of those involved in banking and finance
- have developed a legal perspective to assist in decision-making in areas involving banking and finance
- to provide the legal background for the resolution of business problems involving banking and finance.
Within semester assessment: 25% + Examination: 75%
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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Students must have passed BTC1110 or equivalent before undertaking this unit.