Courses & Units
Commercial Law and Financial Services Regulation BFA514
Introduction
This unit covers a range of interesting legal and financial planning regulatory topics. It teaches students how to analyse and solve legal problems and looks at the regulatory obligations that are imposed upon financial planners. It equips students with basic problem-solving techniques that are essential skills for those wishing to work in the field of financial planning. The unit combines topics that are necessary to build an understanding of how basic legal concepts impact and assist business organisations and individuals in business. This includes an examination of: the sources of law; how to read and understand legislation and case law; basic business; contract law principles, (including a consideration of terms in a contract and rights on breach of contract); liability in tort law; agency and consumer law; Australian corporate law and corporate governance principles. This unit also provides you with an introduction to the regulatory obligations of financial planners under the Corporations Act and other legislation and regulation that regulates providers of financial services and products. In financial planning, a great deal of time is spent on developing strategies so that individuals can accumulate wealth while they are alive. Much less time is spent on organising recognising the ongoing regulatory obligations.
Summary
| Unit name | Commercial Law and Financial Services Regulation |
|---|---|
| Unit code | BFA514 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Mr John Streeter |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Analyse the sources of law and legal principles relating to business organisations, contract, tort and consumer law and explain how business organisations are formed and the responsibilities relating to the creation and operation of them.
- Critically reflect on the effectiveness of the various forms of business organisations and the functions of financial planning.
- Compose in written form, an analysis of issues of business and corporate law, financial planning and their applications.
- Appraise the regulation that applies to financial service providers (in relation to the provision of Financial Service Guides, Statements of Advice and Anti money laundering).
- Assess the requirements in relation to privacy legislation and the regulatory requirements for Tax advisors
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 080101 | $2,040.00 | $1,597.00 | not applicable | $2,979.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Teaching
| Teaching Pattern | For each of the Topics there are workshop PowerPoint slides, online presentation material and video interviews that introduce key concepts. The 12 topics /weeks are for students to use as readings and source material. The on-campus classes will be delivered in intensive three-hour block workshops, four times a semester. There are 12 x 1 hour weekly online workshops across the semester. |
|---|---|
| Assessment | Application questions (30%)|Case study (30%)|Assessment Task 3: Final Exam (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Business Law (sixth edition) by James and Thomas (2022) Wiley |
|---|---|
| Recommended | Financial Planning Essentials (First edition) by McKeown et al (2021) Wiley | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.