BTF3601 Banking law
Faculty of Business and Economics
BTF3601 Banking law is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2024 in Semester 2 at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2024
- Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2024 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before BTF3601
Prohibitions
You can't enrol if you have passed any of these.
- BTF2601Banking law
- BTC3200Finance lawNo reviews yet
After BTF3601
No unit lists BTF3601 as a prerequisite in the 2024 handbook.
Overview
Banks play a critical role in our society and underpin our economy. The products and services offered by banks are utilised by most businesses and individuals, so most members of society are interacting and engaging with banks. An understanding of the regulatory and legal framework that governs the operation and conduct of banks is not just beneficial for those working in the banking and finance industry and professional advisers, but also for consumers, including businesses, of the products and services offered by banks. This unit examines key aspects of the regulation of banking in Australia and the rights and obligations that are enforceable by banks and consumers.
Topics covered in this unit include: the system of banking regulation in Australia; banking law reforms after the Global Financial Crisis; legal aspects of the "banker-customer" relationship, confidentiality, privacy of customer data, and anti-money laundering obligations; consumer protection laws, including in the context of lending to consumers; lending, including both secured and unsecured lending, guarantees and the use of different types of property to secure loans; payment methods and electronic banking; emerging regulatory challenges for industry and government, technological innovation and disruption to traditional banking practices, such as FinTech and sandbox approach.
Offerings in 2024
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
describe the legal framework and system of banking regulation 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 the role and necessity of regulation and reflect critically on the relationship between law, regulation, ethics, and corporate culture in ensuring a fair, efficient, and resilient financial sector by taking into account the Banking Royal Commission’s recommendations
- 4
identify legal problems and risks that arise in the context of the "banker-customer" relationship, the relationship between lender and borrower, and in the context of electronic payments, and analyse and apply the law to solve the problems
- 5
distinguish between different types of property (real and personal) and explain how property can be used to secure a loan transaction, the methods of registration and enforceability under applicable legislation and determine the priority of competing interests
- 6
explain the key concepts in the National Consumer Credit Protection Act (NCCPA) and critically assess common current lending practices
- 7
demonstrate an understanding of technological innovations and emerging challenges facing policy makers, regulators and the banking industry.
Workload and teaching
- Tutorials18 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachCase-based teaching
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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit includes case-based teaching, where you apply your knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but you need to work together to examine, analyse and make decisions to resolve the situation.
Where it fits
BTF3601 is part of 2 areas of study in the 2024 handbook.
Contacts
- Chief Examiners
- Ms Minu Scaria
Common questions
What are the prerequisites for BTF3601?
BTF3601 has no prerequisites.
When is BTF3601 offered?
In 2024, BTF3601 runs in Semester 2 at Caulfield.
How much work is BTF3601?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BTF3601 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include BTF3601?
BTF3601 is part of Business law and Taxation.