LAW523 Finance Law (8)

Modern finance and other business professionals need an understanding of the legal framework which establishes, controls and regulates financial institutions and governs the conduct of business between them and their customers and advisors. The subject aims to increase students' knowledge and understanding of the legal nature and types of securities with an emphasis on applying frameworks and techniques to real life cases so that students can practically apply the knowledge gained. This subject fulfils FASEA requirements for commercial law.


Session 2 (60)
Bathurst Campus

Continuing students should consult the SAL for current offering details: LAW523. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Available only to students enrolled in Postgraduate Courses in the Faculty of Business, Justice and Behavioural Science.

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to provide a critique of the legal framework governing financial institutions and other business organisations;
  • be able to identify and outline the law relevant to financial institutions and critically evaluate the impact of legal regulations on the practical operation of such institutions;
  • be able to discuss and critique the application of contract law to the relationship between financial institutions and their clients;
  • be able to appraise and explain the rights and responsibilities involved in the client /customer engagement in domestic and international dealings;
  • be able to critically analyse the law relating to secured interests in property;
  • be able to evaluate the need for a lender to determine that a borrower has the capacity and authority to enter into a particular transaction; and
  • be able to critically evaluate the remedies available to secured lenders in the event of default.


This subject will cover the following topics:
  • The Australian legal system;
  • The legal principles of contract and tort law and the banker-customer relationship;
  • Regulation of the banking system and electronic banking and payment systems;
  • Consumer protection laws and the finance industry;
  • Business entities and investment vehicles;
  • Corporate Law: the nature of companies and their legal requirements;
  • Financial instruments; securities and negotiable instruments;
  • Property law and the concepts of secured and unsecured lending;
  • Criminal law, anti-money laundering and counter terrorism;
  • Insolvency law: guarantees, indemnities, support and forms of credit and netting; and
  • Ethics and finance law: best interest duties.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of LAW523 in Session 2 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Value %
Assignment 1 - multiple choice tests
Assignment 2 - essay
Final exam

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.