School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2023 Units. All assessment changes will be published by 20th February 2023. All students are reminded to check the handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Law on Financial Institutions and Instruments
  • Unit Code

    LAW3018
  • Year

    2023
  • Enrolment Period

    1
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Cecilia ANTHONY DAS

Description

This unit introduces the student to the changes in the landscape of Australian financial institutions, instruments, and markets. It explores how technological advances have changed the financial systems and how regulators adopt these changes. Attention will also be drawn to technology-based payment systems and monetary systems such as cryptocurrencies. The challenges financial institutions and their customers face in the current financial market environment will be explored. This unit will provide an insight into the knowledge required by a financial professional.

Prerequisite Rule

Students must have passed either: LAW1100 and LAW2105 for W23, or LAW1116 and LAW1600 and LAW2350 for V72,Y11,Y66, K30, W83, W28

Learning Outcomes

On completion of this unit students should be able to:

  1. Use the various legislations to explain financial institutions' relationship with customers.
  2. Examine principles applicable to financial institutions and their instruments to appreciate the dynamics of their operations.
  3. Collaborate in teams to communicate through appropriate research to support arguments when presenting to stakeholders within the financial market sector.
  4. Reflect on the professional competence developed while working on projects contributing to future employability skills.

Unit Content

  1. Regulatory Framework
  2. Clearing and Settlement
  3. Relationship between financial institutions and their customers.
  4. Payment Instruments - Cheques.
  5. Payment Instruments - Bills of Exchange, Promissory Notes and Letters of Credit
  6. Payment Instruments - Blockchains and Cryptocurencies
  7. Lending

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestProblem Based Question Test20%
ProjectGroup Project and Reflection30%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
TestProblem Based Question Test20%
ProjectGroup Project and Reflection30%
ExaminationFinal examination50%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

LAW3018|1|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Law on Financial Institutions and Instruments
  • Unit Code

    LAW3018
  • Year

    2023
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Cecilia ANTHONY DAS

Description

This unit introduces the student to the changes in the landscape of Australian financial institutions, instruments, and markets. It explores how technological advances have changed the financial systems and how regulators adopt these changes. Attention will also be drawn to technology-based payment systems and monetary systems such as cryptocurrencies. The challenges financial institutions and their customers face in the current financial market environment will be explored. This unit will provide an insight into the knowledge required by a financial professional.

Prerequisite Rule

Students must have passed either: LAW1100 and LAW2105 for W23, or LAW1116 and LAW1600 and LAW2350 for V72,Y11,Y66, K30, W83, W28

Learning Outcomes

On completion of this unit students should be able to:

  1. Use the various legislations to explain financial institutions' relationship with customers.
  2. Examine principles applicable to financial institutions and their instruments to appreciate the dynamics of their operations.
  3. Collaborate in teams to communicate through appropriate research to support arguments when presenting to stakeholders within the financial market sector.
  4. Reflect on the professional competence developed while working on projects contributing to future employability skills.

Unit Content

  1. Regulatory Framework
  2. Clearing and Settlement
  3. Relationship between financial institutions and their customers.
  4. Payment Instruments - Cheques.
  5. Payment Instruments - Bills of Exchange, Promissory Notes and Letters of Credit
  6. Payment Instruments - Blockchains and Cryptocurencies
  7. Lending

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestProblem Based Question Test20%
ProjectGroup Project and Reflection30%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
TestProblem Based Question Test20%
ProjectGroup Project and Reflection30%
ExaminationFinal examination50%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Assessment

Students please note: The marks and grades received by students on assessments may be subject to further moderation. Informal vivas may be conducted as part of an assessment task, where staff require further information to confirm the learning outcomes have been met. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work as well as any generative artificial intelligence tools that may have been used. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people or generative artificial intelligence tools, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

LAW3018|1|2