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MLC714 - Financial Advice Regulation


2020 Unit Information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 1: Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Cohort rule:

This unit is only available to students enrolled in N002, M769, M669, M569, M770, M640 and M540



Incompatible with: MLI714, MLM717
Recommended: The unit provides an overview of the legal principles of the financial advice industry and students with no legal experience are expected to undertake additional background readings in order to complete this unit successfully.
Typical study commitment:

Students will on average spend 150 hours over the trimester undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 3 hour seminar per week

Scheduled learning activities - cloud:

Online independent and collaborative learning including 11 scheduled online workshops of 1 hour duration.


How to apply

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Current Deakin students can enrol directly via StudentConnect.

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This unit gives students an advanced and integrated understanding of Financial Advice Regulation in Australia including the relevant sections of Chapter 7 of the Corporations Act 2001 (Cth). A wide range of topics will be covered such as financial crises, financial services and markets, financial services reforms in Australia, Australian Securities and Investments Commission (ASIC), Australian Prudential Regulation Authority (APRA), financial service providers, and financial services disclosure.


These are the Learning Outcomes (ULO) for this unit

At the completion of this unit, successful students can:

Deakin Graduate Learning Outcomes


Interpret and apply Chapter 7 of the Corporations Act, and elements of other relevant acts, to financial services scenarios and identify providers’ obligations and breaches of those obligations.

GLO1: Discipline-specific knowledge and capabilities


Describe and critically analyse the role of regulators and evaluate possible enforcement actions

GLO1: Discipline-specific knowledge and capabilities

GLO4: Critical thinking


Develop submissions and reports for a variety of professional audiences and purposes that meet required financial, legal, ethical and social responsibilities.

GLO1: Discipline-specific knowledge and capabilities

GLO2: Communications

GLO4: Critical thinking


Justify actions in relation to the obligations of financial professionals under Chapter 7 of the Corporations Act, and other relevant acts and regulations

GLO1: Discipline-specific knowledge and capabilities

These Unit Learning Outcomes are applicable for all teaching periods throughout the year.





Assessment table
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1 (Individual) – Written assessment, Report (Business) 2000 words 25% Information not yet available.
Assessment 2 (Individual) – Written assessment, Report (Business) 2000 words 25% Information not yet available.
Assessment 3 (Individual) – Open book examination 2 hours 50% Exam period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: Students must achieve a minimum of 50% overall and 50% on the exam.

Learning Resource

Texts and reading lists for units can be found on the University Library via the following link. 

Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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