Finance Law

This subject has the following teaching availabilities in 2016:

Estimated total time commitment of 60 hours per semester

ECON90033 Quantitative Analysis of Finance I and

ECON90034 Economics of Finance and

FNCE90047 Financial Markets and Instruments and

FNCE90016 International Financial Management and

EITHER ACCT90002 Financial Statement Analysis OR ACCT90004 Accounting for Decision Making

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For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

The subject deals with a range of general law issues relating to finance including contract, property and security, as well as the sections of the trade practices legislation concerning misleading and deceptive conduct. Particular topics include fundraising, derivatives and insolvency. The subject gives a general overview of legal systems. It seeks to address legal issues specifically in a way which will be relevant to problems arising in other countries whose basic legal system derives from England: for example, the United States of America, Canada, Hong Kong, Singapore and India as well as Australia and England itself.

On successful completion of this subject students should be able to:

• Compare and contrast legal systems and capital market regulation as commonly applied in international finance markets;
• Explain the legal concepts of debt, equity and hybrid financial instruments;
• Discuss the concepts of misrepresentation and misleading and deceptive conduct as applied to financial transactions;
• Describe legal aspects of security and negative pledge lending;
• Critically evaluate the fund raising provisions of the Corporations Law in Australia;
• Discuss legal aspects of dispute resolution, insolvency and remedies for default in a financial market and financial institutional context;
• Identify legal problems which commonly arise in financial transactions in the areas of contract, tort and fiduciary duty.

• 3000 word group assignment due in the last two weeks of the teaching period (30%)
• 2-hour final examination (70%)

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Oral communication
• Written communication
• Collaborative learning
• Problem solving
• Team work
• Statistical reasoning
• Application of theory to practice
• Interpretation & analysis
• Critical thinking
• Synthesis of data and other information
• Evaluation of data and other information
• Using computer software
• Accessing data and other information from a range of sources