BTF3601: Banking law

- The mid-sem covered weeks 1 to 4, comprising an introduction to banking law & the GFC. It consisted of 7 MCQ + 2 short answer questions. I found it to be really straightforward, but there were a few tricks which could have tripped you up if you were not careful in reading the questions. As always in any law unit,

- The exam covered the remainder of the content, and was run using the eassessment platform. It consisted of 3 short answer questions. 2 were problem based while one was more factual. I really enjoyed the exam, and found it to be a great asset in this subject. There was some time pressure, but other than that it was an amazing exam!

What a unit! I really enjoyed this unit! Having the opportunity to take this unit as an elective at Caulfield campus (virtually due to COVID-19) was a great experience. The content was a little dry, but it is still a really interesting unit if you are legally inclined.

There are no pre-requisites for this unit due to it being a compulsory unit for a Bachelor of Banking and Finance. If you are in the position of having to take this as a compulsory unit for your degree, particularly the one above, then approach it slowly. Be careful and prepare beforehand. Legal writing is something that you cannot pick up instantly. But with repetition, you will be able to master the content.

Topics covered included the GFC, FinTech (Sandbox approach and Robo Advisory), consumer lending (NCCPA & responsible lending), property law, personal property law & payment systems. What I loved most about this unit is that it was very topical. When we spoke about consumer lending, there were calls for the system to be abolished. But having the legal knowledge really provided an insightful argument as to why it should not be abolished. That really strengthened the value of the unit for me, as having the opportunity to realise that the unit was used in practice provided insightful opportunities and more and more reasons to take it in the first place.

For those of you who are doing a commerce degree and want to do this, but are like it's at Caulfield surely I can't? Well think again! Its sister unit BTC3200: Finance Law is offered at Clayton in Semester 1, 2021 and every 2 years afterwards. The only difference is that instead of lectures and tutorials there is a 3 hour seminar which covers both lectures and tutes. Course content is the same, assessments are the same. Definitely do it, you will not regret it!

Overall, this was a really solid unit for an introduction into banking law. Please take it if you have the chance, you will not regret it!
Also, what is even better is COVID-19 or not, the assessments will not change. So please consider this if you have space in your finance major at Clayton, or are looking for an elective at either Caulfield or Clayton that is law related!

- Also Chief Examiner. Han-Wei took the lectures from weeks 1-5 & week 12. He was also my tutor. I found him to be very knowledgable in the content, and enjoyed having him as both a lecturer and tutor. The knowledge given was not that difficult, so loved having the opportunity to take this subject.

- Took the lectures from weeks 6-11. Minu knew the legal concepts exceptionally well, and always reinforced that via using diagrams. Her part of the course was quite technical, especially in regards to property law and personal property law, so really try and re-watch her lectures to get a better understanding of the content at hand.

Sample exam provided via eExam platform which was a good guide for the final exam

5 out of 5

Yes but pre-recorded

Unlike other law units, there is

1 x 2hr lecture per week (pre-recorded due to COVID-19, normally in person)
1 x 1.5 hr tutorial per week (on Zoom due to COVID-19 pandemic)

Semester 2, 2020

HD