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LAWS13-541: Banking and Finance Law


Banking and Finance Law is an elective subject in undergraduate programs offered by the Faculty of Law. Students enrolled in this subject will learn about Australian banking and finance law and will examine the functions and regulatory framework of banks and financial institutions in Australia against the backdrop of the global financial crisis and international developments. Students will study a range of topics that may include the obligations of banks and customers, electronic banking and electronic payment, negotiable instruments and cheques, letters of credit, anti-money laundering and counter-terrorism financing regulation, lending, finance transactions, dispute resolution and consumer protection and financial crimes.

Subject details

Type: Undergraduate Subject
Code: LAWS13-541
EFTSL: 0.125
Faculty: Faculty of Law
Credit: 10
Study areas:
  • Law
Subject fees:
  • Commencing in 2024: $4,260.00
  • Commencing in 2024: $5,730.00

Learning outcomes

  1. Understand the structure and regulation of the Australian banking and financial system.
  2. Understand modern payment methods including cheques, electronic payments and letters of credit.
  3. Understand the obligations on banks and financial institutions regarding customers, regulators and matters such as crime prevention and detection.
  4. Develop insight into the role the legal system plays in the financial world, including the increased globalisation of banking and finance.

Enrolment requirements



Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Assumed Knowledge: Legal Foundations A, Legal Foundations B, Foundations of Private and Criminal Law, Foundations of Private Law, Contract Law A. The law of banking and finance has been described as an elaboration of contract law, and as an elective it is suited to students who are mid-way through their degree, or later.


Students must be admitted into a Bachelor law degree or Bachelor of Laws combined degree or be an approved Law Study Abroad OR Law exchange student.

This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.