MLC714 - Financial Advice Regulation
Unit details
Year: | 2021 Unit Information |
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Important Update: | Unit delivery will continue to be provided in line with the most current COVIDSafe health guidelines. This may include a mix of on-campus and online activities. To find out how you are impacted, please check your unit sites for announcements and updates. Unit sites open one week prior to the start of each Trimester/Semester. Thank you for your flexibility and commitment to studying with Deakin in 2021. Last updated: 4 June 2021 |
Enrolment modes: | Trimester 2: Online |
Credit point(s): | 1 |
EFTSL value: | 0.125 |
Unit Chair: | Trimester 2: Kimberley Littorin |
Prerequisite: | Nil |
Corequisite: | Nil |
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. |
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 GLO4: Critical thinking |
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 GLO2: Communications GLO4: Critical thinking |
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 |
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Assessment 1 (Individual) – Problem based written assignment | 2000 words | 25% | Week 5 |
Assessment 2 (Individual) – Written assessment, Report (Business) | 2000 words | 25% | Week 8 |
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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