Faculty of Business and Economics

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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.


Business and Economics

Organisational Unit

Department of Business Law and Taxation


Mr Matt Nichol



  • First semester 2016 (Day)
  • Second semester 2016 (Day)


Banking Law examines key aspects of the legal regulation of banking in Australia. Topics covered in this lecture include:

  • the current system of banking regulation in Australia
  • the regulation of the "bank-customer" relationship
  • recent banking law reforms after the Global Financial Crisis
  • changes to lending regulation and the National Consumer Credit reforms
  • Australia's new personal property securities law and the Personal Properties Securities Act
  • negotiable instruments and cheques
  • electronic banking.


The learning outcomes for this unit are for students to:

  1. identify the interaction of different areas in the regulation of modern banking in Australia
  2. describe how the "business of banking" is shaped by the Global Financial Crisis, innovation and the public ownership of banks
  3. evaluate and apply key post-Global Financial Crisis banking law reforms in lending and personal property to the lending industry in Australia
  4. understand how the Banking Act 1958 (Cth) regulates liability of parties to a cheque
  5. examine the regulation of electronic banking in Australia in light of new electronic methods of payment through contactless cards like PayWave and PayPass and smart phone technology such as Kaching and Facebook payments.


Within semester assessment: 30%
Examination: 70%

Workload requirements

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

Chief examiner(s)


BTF1010. No prerequisite for students enrolled in course B20032.