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Unit description

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.

Unit content

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

Learning outcomes

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.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1demonstrate 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 industriesIntellectual rigourKnowledge of a disciplineLifelong learning
2explain and evaluate the roles played by the finance and securities industry regulators and their particular focus and responsibilities. Knowledge of a disciplineLifelong learning
3explain and reflect on the relationship between Financial Service Licensees and their clients, and how this relationship is regulated by the law.Intellectual rigourCreativityEthical practiceKnowledge of a disciplineLifelong learningCommunication and social skills
4identify 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 lendersIntellectual rigourEthical practiceKnowledge of a discipline

On completion of this unit, students should be able to:

  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
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
    • GA5: Lifelong learning
  2. explain and evaluate the roles played by the finance and securities industry regulators and their particular focus and responsibilities.
    • GA4: Knowledge of a discipline
    • GA5: 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.
    • GA1: Intellectual rigour
    • GA2: Creativity
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
    • GA5: Lifelong learning
    • GA6: 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
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline

Prescribed texts

  • Prescribed text information is not currently available.
Prescribed texts may change in future study periods.

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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