Banking Law

Unit code: BEO2008 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Prerequisites
N/A
Overview
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Overview

Acquire a sound knowledge of both the practical and legal fundamentals of banking lending and borrowing, in the unit Banking Law.

If you want to work in the finance sector, it’s important that you understand the way the law in these areas operates. It is equally relevant for those working in businesses themselves and those advising clients in the business world.


You will develop awareness of new market products brought about by new technologies including block chain and cryptocurrencies.

To help you understand how the law operates in a real life context and build work-ready skills, we use practical exercises.

Topics to be investigated include:

  • the system of banking regulation in Australia
  • banking law reforms
  • lending, including both secured and unsecured lending
  • payment methods and electronic banking
  • emerging regulatory challenges for industry and government
  • technological innovation and disruption to traditional banking practices, such as FinTech.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Analyse the banking regulatory framework and legislation that covers lending practices including the National Credit Code and the Australian Consumer Law;
  2. Critically analyse the legal problems that arise in the context of “banker-customer” relationship and discuss the applicable legal principles to solve the problems;
  3. Evaluate the methods used by financial institutions to structure and secure loans using different types of property (real and personal), the registration, enforceability, and determining priority under applicable legislation;
  4. Elucidate an understanding of the emerging trends in the areas of digital lending including crypto currencies and block chain technology; and
  5. Elucidate the payment systems used by financial institutions institutions both in Australia and internationally.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 15%
Online quiz on bank regulation in Australia
Assessment type: Assignment
|
Grade: 25%
Written submission based on a scenario
Assessment type: Presentation
|
Grade: 30%
Video presentation and viva voce on rights and duties of bankers and consumer protection (Group)
Assessment type: Test
|
Grade: 30%
Final in-class assessment on banking law and financial technology

Other locations

For students studying at Liaoning University
Assessment type: Test
|
Grade: 15%
Online quiz on bank regulation in Australia
Assessment type: Assignment
|
Grade: 20%
Written submission based on a scenario
Assessment type: Presentation
|
Grade: 25%
Video presentation and viva voce (Group)
Assessment type: Examination
|
Grade: 40%
Final exam on banking law and financial technology

Required reading

Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.

Banking Law in Australia
A Tyree, (2021)| LexisNexis

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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