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Unit of Study LAWS2025 - Stock Exchange and Finance Law (2023)

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Unit Snapshot

Unit description

Provides an overview of of the Australian financial system, introducing students to the financial products market, the central regulatory bodies and other key players, and to the regulatory system and legal obligations which apply to operators in the industry (e.g. the code of conduct and the licensing system which accredits financial intermediaries). The regulation of market (mis)conduct, such as misleading and deceptive conduct, market manipulation and insider trading, and the regulation of complaints and disputes, are also explored in this unit.

Unit content

Module 1: Introduction to the Australian Financial System

Module 2: Definitions of financial products and disclosure duties

Module 3: Rules, regulations and licensing

Module 4: Client Best Interests duty and 'The Safe Harbour'

Module 5: Market misconduct

Module 6: Dispute Resolution

Availabilities

Location Domestic International
Online
Term4
N/A

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

demonstrate knowledge and understanding of the main common law and statutory provisions which apply to institutions, personnel and transactions in the Australian securities and financial services industries

explain and evaluate the roles played by the finance and securities industry regulators and their particular focus and responsibilities.

explain and reflect on the relationship between Financial Service Licensees and their clients, and how this relationship is regulated by the law.

identify and analyse prohibited securities market transactions and practices, the consequences for parties to such transactions and the various grounds for setting aside or varying the obligations of parties to financial transactions, especially those based on unconscionable conduct by lenders

Prescribed learning resources

Prescribed Texts
  • Baxt, R, Black, A & Hanrahan, P, 2017, Securities and Financial Services Law, 9th edn, LexisNexis Butterworths, Australia. ISBN: 9780409343069.
Prescribed Resources/Equipment

  • Access to a computer and reliable internet connection.

Prescribed Learning Resources may change in future Teaching Periods.