Units
Financial Services Regulation and Law
Unit code: AYB232
Credit points: 12
Information about fees and unit costs
This subject looks at the laws and regulations applicable to corporate securities and financial services in Australia, examines disclosure obligations in prospectus and financial products, ASX listing rules, takeovers, and market misconduct.
Availability
| Semester | Available |
|---|---|
| 2013 Semester 1 | Yes |
Sample subject outline - Semester 1 2013
Note: Subject outlines often change before the semester begins. Below is a sample outline.
Rationale
This course is developed for students who will be or intends to embark on careers as financial advisors and planners, accountants, auditors, business analysts, and stockbrokers. It is designed to aid the students' understanding of the regulatory fundamentals and know the key provisions of the law and regulations relating to corporate securities and financial services.
Aims
This unit is intended to equip students with a reasonable understanding of issues, laws and regulations relating to the Australian corporate securities markets and financial services.
Objectives
Course Learning Goals (Undergraduate)
The QUT Business School has established the Assurance of Learning (AOL) Goals to meet contemporary industry needs and standards. Achieving these learning outcomes will assist you to meet the desired graduate outcomes set at QUT - aligned with other internationally renowned business schools. Students will develop the following capabilities relevant to a contemporary global and sustainable business environment:
Have knowledge and skills pertinent to a particular discipline (KS)
1.1 Integrate and apply disciplinary theory and skills to practical situations
1.2 Incorporate the use of technology appropriate to the discipline and context
Be critical thinkers and effective problem solvers (CTA)
2.1 Identify, research and critically analyse information relevant to a business problem or issue, be able to synthesise that information in order to evaluate potential solutions, make recommendations or otherwise effectively address the problem or issue
Be professional communicators in an intercultural context (PC)
3.1 Communicate effectively through written tasks appropriate to varied contexts and audiences
3.2 Communicate effectively through professional oral presentations appropriate to varied contexts and audiences
Be able to work effectively in a Team Environment (TW)
4.1 Demonstrate effective team skills in order to contribute appropriately to the production of a group output
Have a Social and Ethical Understanding (SEU)
5.1 Apply ethical reasoning, standards or codes of practice relevant to the discipline and make decisions that are informed by social and cultural understanding
Unit Objectives
On completion of this unit, you should be able to:
1. Analyse and discuss relevant issues relating to the regulation of the Australian corporate securities markets.
2. Acquire an understanding of the legislative provisions of Corporations Act 2001, Australian Competition and Consumer Act 2010,, Australian Securities and Investment Commission Act 2001 relating to the Australian corporate securities markets.
The specific course learning goals and unit objectives that apply to this unit are shown in the assessment section of this unit outline.
Content
This subject looks at the laws and regulations applicable to corporate securities and financial services in Australia, examines disclosure obligations in prospectus and financial products, ASX listing rules, takeovers, and market misconduct.
Approaches to Teaching and Learning
Teaching and learning strategies are designed to facilitate the aims and objectives of the unit. The emphasis in Financial Services Regulation & Law is to introduce students to legal principles applicable to corporate securities and financial products. There are four main elements to the learning and teaching strategies to this unit & lectures, tutorials, research essay and a research presentation. Each of these are explained in more detail below.
This unit will employ different strategies to facilitate student learning. Formal weekly lectures are accompanied by a weekly power point slides.
Tutorials, which commence in week 2, provide an opportunity for you to further develop an understanding of many of the key issues and concepts dealt with in the lecture and an opportunity to understand the key principles and apply the regulations onto conceptual or problem type questions. Tutorials also provide an opportunity and forum to discuss issues with your tutor. It is much more beneficial for you to complete the tutorial questions prior to attending that particular tutorial session.
This unit has an on-line unit web site where you can access weekly point point slides and online readings. From the AYB232 Blackboard site, you can also access all of the tutorial questions as well as all relevant notices. Additional materials may also be downloaded. The address is https://blackboard.qut.edu.au. You can access on-line units using any computer that has Internet access. The QUT Student Computing Guide contains information on how to access and use the computing facilities at QUT.
This unit uses the SafeAssign tool in BlackBoard. SafeAssign is a text matching tool that assists students to develop the academic skills required to correctly use and cite reference material as well as to check citations and determine possible instances of plagiarism. You will be expected to submit draft and/or final versions of one or more assignments using SafeAssign. Your Unit Coordinator will provide detailed information on how the software will be used in this unit.
Lectures
Students are expected to attend lectures each week. Lecture slides are provided each week for students. You should download the lecture slides each week from the AYB232 Blackboard site and bring it with you to the lecture. All material on the AYB232 Blackboard site will be automatically removed on the day of the final exam for this unit. It is your responsibility to ensure that you have copies of all materials before this date.
Tutorials
Students are expected to attend tutorials each week and do the prescribe readings prior to attending the tutorial. Tutorials commence in Week 2. Once allocated to a tutorial, students must remain in that tutorial for the entire semester unless approval to change tutorials is otherwise granted. Students are expected to read the weekly readings (either chapters of the prescribed textbook or download online readings on the AYB232 Blackboard site and bring it with you to the tutorial together.At each tutorial conceptual or problems solving questions will be handed out in class, every student is expected to complete and hand in their answers before the end of the tutorial (except when there are student presentations).
Tutorials provide an opportunity for you to develop your understanding of key issues and concepts dealt with in lectures. Each week students will need to complete the required readings for the tutorial discussion questions. Students are expected to engage in and lead classroom discussion.
Past experience indicates there is a strong correlation between students who fail the unit and students who do not attend lectures and tutorials.
Research Presentations
Students are required to develop and apply their research skills in this item of assessment. But this assessment item also requires students to develop and display presentation skill as well. Working in groups of three to five students must present the outcome of their findings and present them to the class where the outcome of their research and ability to present their findings will be evaluated.
Assessment
Students will receive feedback in various forms throughout the semester which may include:
Assessment name:
Research Essay
Description:
Essay topics to be chosen from weeks 2 to 6.
Length/Duration: 1,500 words
Formative or summative: Formative and Summative
Relates to objectives:
Unit objectives: 1, 2 and AOL goals: KS (1.1), CTA (2.1), PC (3.1)
Weight:
30%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Week 7
Assessment name:
Research Presentation
Description:
In groups of up to five (5), students will research a selected topic for a presentation. The purpose of this assessment is to develop research and presentation skills and an ability to apply theory to facts.
Length/Duration: 10 to 15 minutes
Formative or summative: Formative and Summative
Relates to objectives:
Unit objectives: 1, 2 and AOL goals: KS (1.1), CTA (2.1), PC (3.1, 3.2), TW (4.1)
Weight:
20%
Internal or external:
Internal
Group or individual:
Group
Due date:
Weeks 2 to 11
Assessment name:
End of Semester Examination
Description:
Theory examination. This examination covers the) whole of semester content. An unmarked copy of the Corporations Act 2001 (Cth.) is permitted. More details will be provided towards the end of the semester. The purpose of this assessment is to determine a student's knowledge of key concepts and issues raised throughout the second half of the semester.
Length/Duration: 2 hours + 10 minutes perusal
Formative or summative: Formative
Relates to objectives:
Unit objectives: 1, 2 and AOL goals: KS (1.1), CTA (2.1),
Weight:
50%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Central Exam Period
Academic Honesty
QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.
A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.
Resource materials
Prescribed Text
Robert Baxt, Ashley Black, and Pamela Hanrahan (2011) Securities and Financial Services Law, 8th edition, Sydney, LexisNexis Butterworth.
Reference Books:
Gail Pearson (2009) Financial Services Law and Compliance in Australia, Melbourne, Cambridge University Press.
Mallesons Stephen Jaques (2008) Australian Financial Law, 6th edition, Sydney, Thomson Lawbook Co.
Jason Harris, Anil Hargovan and Michael Adams (2011) Australian Corporate Law, 3rd edition Sydney, LexisNexis Butterworth.
Paul Redmond (2009) Companies and Securities Law: Commentary and Materials, 5th edition, Sydney Thomson Lawbook Co.
Prescribed Legislations
Corporations Act 2001- Commonwealth Government Printer
- Australian Competition and Consumer Act 2010 Commonwealth Government Printer
Australian Securities and Investment Commission Act 2001 - Commonwealth Government Printer
(These Acts are available on the internet at http://www.austlii.edu.au or http://law.agps.gov.au).
Risk assessment statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of semester.
Last modified: 06-Feb-2013
