Financial Advice Regulatory and Legal Obligations

Course aim

To provide students with a contextual overview of the legal and regulatory issues that apply to Australia’s financial services sector. To facilitate critical reflection upon the strengths and weaknesses of Australia’s financial services legal and regulatory regimes, and to equip students with the knowledge and practical skills they need to ensure that they are able to comply with those regimes.

Course content

Introduction to the Australian legal system; business organisations including companies and partnerships and the respective roles and duties played by directors, officers and partners; introduction to the law of tort (with a special emphasis on negligence) and the law of contracts; theoretical and comparative analysis of financial services regulation; overview of the Corporations Act 2001 (Cth), Ch 7; the role of the Australian Securities Investment Commission, the Australian Prudential Regulation Authority and the Australian Transaction Reports and Analysis Centre; financial products, dealing in financial products and providing financial product advice; regulatory responses to innovation and new forms of financial products; licensing of financial advisers and relevant professional standards; compliance and risk management systems in financial institutions and firms; exemptions and breach reporting; client, data security and privacy obligations; client care; obligations regarding client funds; money laundering and counter-terrorism financing regulation; complaints and dispute resolution.

Textbook(s)

Nil

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Examination, Presentation, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.