This unit examines certain aspects of Australia’s securities and financial products markets, and consists of three inter-related parts or modules. Module 1, provides a general overview of the financial system. This module introduces the key players in the securities and financial products markets, including the central regulatory bodies and the main participants, and to the most common financial products that are traded. Module 2, examines the regulatory system and legal obligations that apply to the main participants in the financial system, including the main codes of conduct that apply to the industry and the licensing system that applies to financial intermediaries. Module 3, focuses on the regulation of market (mis)conduct, including misleading and deceptive conduct, market manipulation and insider trading, and on the regulation of complaints and disputes.
Topic 1 Introduction to Australia’s securities and financial products markets
Topic 2 Administration of the Securities and Financial Services Law
Topic 3 Statutory definitions – defining securities and other financial products
Topic 4 Disclosure obligations for financial products
Topic 5 Regulation of the industry participants (securities markets and regulation)
Topic 6 Licencing Financial Intermediaries
Topic 7 The relationship between Financial Service Licensees and their clients
Topic 8 Best interests obligations and remuneration
Topic 9 Factors that may invalidate a finance contract
Topic 10 Market (mis)conduct
Topic 11 Insider trading
Topic 12 Complaints and disputes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
Learning outcomes and graduate attributes
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||demonstrate knowledge and understanding of the main common law and statutory provisions which apply to institutions, personnel and transactions in the Australian securities and financial services industries||Intellectual rigour||Knowledge of a discipline||Lifelong learning|
|2||explain and evaluate the roles played by the finance and securities industry regulators and their particular focus and responsibilities.||Knowledge of a discipline||Lifelong learning|
|3||explain and reflect on the relationship between Financial Service Licensees and their clients, and how this relationship is regulated by the law.||Intellectual rigour||Creativity||Ethical practice||Knowledge of a discipline||Lifelong learning||Communication and social skills|
|4||identify and analyse prohibited securities market transactions and practices, the consequences for parties to such transactions and the various grounds for setting aside or varying the obligations of parties to financial transactions, especially those based on unconscionable conduct by lenders||Intellectual rigour||Ethical practice||Knowledge of a discipline|
- Baxt, R, Black, A & Hanrahan, P, 2012, Securities and Financial Services Law, 8th edn, LexisNexis Butterworths, Australia. ISBN: 9780409330281.
Teaching and assessment
|Structured online learning 1 hour (12 weeks)|
|Exam: open book||50%|
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2016 Commonwealth Supported only. Student contribution band: 3
Please check the international course and fee list to determine the relevant fees.