2017 Winter School Subject List

Banking and Financial Instruments (LAWS3413) - Applications Closed

Faculty: Law (Sydney Law School)
Department: Law
Level: Undergraduate
Credit Points: 6

Instructors:
(1) Associate Professor Roger Magnusson - roger.magnusson@sydney.edu.au

Contacts:
(1) Associate Professor Roger Magnusson - roger.magnusson@sydney.edu.au

Start Date: 28 Nov 2016 
End Date: 13 Dec 2016 
Capacity: 30 
Status: Applications Closed 
Applications Open: 04 Oct 2016 
Applications Close: 21 Nov 2016 
Census date: 03 Jan 2017 
On-time withdrawals close: 03 Jan 2017 
Available to audit: No
Open to HSC graduates?: No

Prerequisites:

  1. Prerequisite: - 

    Contracts (LAWS1015 or LAWS1002); Equity (LAWS2015 or LAWS5015)

  2. Assumed Knowledge: - 

    Knowledge of contracts and equity

  3. Note: - 

    All enrolments are subject to approval by the Sydney Law School.

  4. Note: - 

    Enrolment is restricted to University of Sydney Bachelor of Laws students only.

Description

This unit aims to provide students with: * An overview of the legal regulation and supervision of banks and other Authorised Deposit-taking Institutions (ADIs); * An understanding of the legal basis of the relationship between banks, ADIs and their customers, and an overview of the more common rights and duties that adhere to the banker/customer relationship; * An introduction to negotiable instruments (cheques and bills of exchange), letters of credit and performance bonds, and guarantees; * An introduction to the Personal Property Securities Act 2009 and its impact on secured lending.

Assessment

Two options: 1) 2,750 word assignment (50%) + 1 hr exam (50%); 2) 3,500 word essay (50%) + 1 hr exam (50%) Essay topics available from 2nd class: Tues 29 Nov 2016; due date: Fri 13 Jan 2017, 5pm Assignment problem available from Mon 12 Dec 2016; due date Mon 9 Jan 2017, 5pm

Timetable

Start Date: 28 Nov 2016     End Date: 13 Dec 2016

Lectures:
New Law School Lecture Theatre 024

Mon 28 NOV 2016 - 09:00-13:00 hrs
Tue 29 NOV 2016 - 09:00-13:00 hrs
Wed 30 NOV 2016 - 09:00-13:00 hrs
Thu 01 DEC 2016 - 09:00-13:00 hrs

Mon 05 DEC 2016 - 09:00-13:00 hrs
Tue 06 DEC 2016 - 09:00-13:00 hrs
Wed 07 DEC 2016 - 09:00-13:00 hrs
Thu 08 DEC 2016 - 09:00-13:00 hrs

Mon 12 DEC 2016 - 09:00-13:00 hrs
Tue 13 DEC 2016 - 09:00-13:00 hrs
Final Exam:
New Law School Lecture Theatre 024

Wed 25 Jan 2017 - 10:00-11:30 hrs

Texts

Issued materials. Recommended textbook (not a requirement): McCracken, Bird, Stumbles, Tolhurst, Everett & McCracken’s Banking and Financial Institutions Law, 8th ed., 2012, LexisNexis Butterworths.