| Credit |
6 points |
| Availability |
Semester 1 |
| Old unit code |
200.306 |
| Outcomes |
Students are able to (1) identify the various types of security interests over property and describe how they are created and perfected; (2) explain how consumer credit (and related) contracts are regulated under the Consumer Credit Code; (3) analyse the legal nature of the banker–customer relationship and how it has been modified by industry codes of conduct and anti-money laundering laws; (4) state the legal principles governing payment instruments such as cheques, bills of exchange and payment cards; (5) describe the legal framework for financial products such as interests in managed investment schemes and securitisation; and (6) solve hypothetical legal problems relating to the various topics covered in the unit. |
| Content |
This unit offers an introduction to Australian banking and finance law and covers the legal aspects of financial transactions that are undertaken by both individuals and business organisations. The topics covered include security interests over property, remedies of secured creditors, negotiable instruments such as bills of exchange and cheques, consumer credit transactions, banker–customer relationship, electronic banking, and financial products such as interests in managed investment schemes and debentures. Students who are planning to work in the accounting, banking or finance fields would find the unit especially useful. |
| Assessment |
Students are required to attend and participate in tutorials, complete a take-home assignment and undertake a final examination.
Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course. |
| Unit Co-ordinator(s) |
Associate Professor Rasiah Gengatharen |
| Location |
UWA (Crawley) |
| Mode |
on-campus |
| Unit Rules |
| Prerequisites: LAWS1104 Introduction to Law or equivalent |
| Incompatibility: Students enrolled in the Bachelor of Laws are not permitted to enrol in this unit. |
Contact hours—lectures: 2 hrs per week; tutorials: 1 hr per week
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| Unit web page |
http://www.law.uwa.edu.au/117285
[Some unit web pages are still under construction and will be available in 2010.]
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- The availability of units in Semester 1, 2, etc. was correct at the time of going to press but may be subject to change.
- Assistance with study skills, including English language skills, is available free of charge from Student Services for all enrolled students (see http://www.studentservices.uwa.edu.au/ss/learning). Student Services location: Second Floor, South Wing, Guild Village; telephone: 6488 2423.
- Books and other materials wherever listed may be subject to change. Book lists relating to 'Preliminary Reading', 'Recommended Reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. For first-year units the Bookshop will endeavour to make available photocopies of book lists for individual units. Books marked with an asterisk (*) are available in paperback.
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