MLC714 - Financial Advice Regulation
Unit details
| Year: | 2023 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 2: Sven Gallasch |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MLI714, MLJ732, 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: | Online independent and collaborative learning activities (1.5 hours per week) + 1 x 1.5 hour seminar per week |
| Scheduled learning activities - online: | Online independent and collaborative learning activities (1.5 hours per week) + 1 x 1.5 hour seminar per week |
Note:How to apply Submit your application online via the Deakin course and scholarship applicant portal. For support on your application process, book a one-on-one consultation with a student adviser. Current Deakin students can enrol directly via StudentConnect. | |
Content
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 services licensee obligations, financial services and markets, financial services reforms in Australia, main regulators in the financial industry, dispute resolution in financial advice industry, and financial services disclosure.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | 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 |
| ULO2 | Describe and critically analyse the role of regulators and evaluate possible enforcement actions. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | 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 |
| ULO4 | 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
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Problem based written assignment | 2000 words | 25% | Week 5 |
| Assessment 2: (Individual) Written assessment, Report (Business) | 2000 words | 25% | Week 8 |
| End-of-unit assessment task | 2000 words | 50% | End-of-unit assessment 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.
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
Click on the fee link below which describes you: