About this course
|Award title||Master of Banking and Finance Law|
|Year & campus||2021 — Parkville|
|Fees information||Subject EFTSL, level, discipline and census date|
|Study level & type||Graduate Coursework|
|Credit points||100 credit points|
|Duration||12 months full-time or 42 months part-time|
The specialisation in banking and finance law is designed to provide students, practitioners and other professionals with a sophisticated understanding of the legal and regulatory framework for the Australian and international financial sector. Most subjects have a practical focus, with offerings including banking transactions, liability insurance, international financial regulation, financial services, project finance, capital markets and fast-growing areas such as sustainable finance, financial technology (FinTech) and the regulation of blockchain.
1. In order to be considered for entry, applicants must have completed:
• a degree in law (LLB, JD or equivalent) leading to admission to practice, at honours standard, or equivalent; or
• a degree in law (LLB, JD or equivalent) leading to admission to practice, or equivalent, and two years of documented relevant professional experience; or
• an undergraduate degree in a relevant discipline; and two years of documented relevant professional experience; or
• an undergraduate degree in a relevant discipline; and successful completion of four subjects in a cognate graduate diploma; and one year of documented relevant professional experience.
Meeting these requirements does not guarantee selection.
2. In ranking applications, the Selection Committee will consider:
• prior academic performance; and
• the professional experience
3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Academic Board rules on the use of selection instruments.
4. Applicants are required to satisfy the university’s English language requirements for graduate courses. For those applicants seeking to meet these requirements by one of the standard tests approved by the Academic Board, performance band 6.5 is required.
Inherent requirements (core participation requirements)
The Melbourne Law Masters welcomes applications from students with disabilities. The inherent academic requirements for study in the Melbourne Law Masters are:
- The ability to attend a minimum of 75% of classes and actively engage in the analysis and critique of complex materials and debate;
- The ability to read, analyse and comprehend complex written legal materials and complex interdisciplinary materials;
- The ability to clearly and independently communicate in writing a knowledge and application of legal principles and interdisciplinary materials and to critically evaluate these;
- The ability to clearly and independently communicate orally a knowledge and application of legal principles and interdisciplinary materials and critically evaluate these;
- The ability to work independently and as a part of a group;
- The ability to present orally and in writing legal analysis to a professional standard.
Students who feel their disability will inhibit them from meeting these inherent academic requirements are encouraged to contact Student Equity and Disability Support.
Intended learning outcomes
Graduates of the Master of Banking and Finance Law will:
- Have an advanced and integrated understanding of the complex body of knowledge in the field of banking and finance law, including:
- the legal and regulatory architecture of the Australian and international financial sector across a range of subject areas;
- key legal issues governing relationships between financial services providers and their customers, and the theory and practice of prudential and market integrity/consumer protection regulation of financial services; and
- the impact of globalisation, e-commerce and regulatory reform on the provision of financial services in Australia and internationally.
- Have expert, specialised cognitive and technical skills that equip them to independently:
- analyse, critically reflect on and synthesise complex information, concepts and theories in the field of banking and finance law;
- research and apply such information, concepts and theories to the relevant body of knowledge and practice; and
- interpret and transmit their knowledge, skills and ideas to specialist and non-specialist audiences.
- Apply their knowledge and skills to demonstrate autonomy, expert judgment, adaptability and responsibility as a practitioner and learner in the field of banking and finance law.
Advanced understanding of the changing knowledge base in the relevant area(s) of law
The specialist focus of the Melbourne Law Masters, the constant review and renewal of subjects and courses to ensure coverage of recent developments, the range and expertise of instructors from Australia and around the world, and regular advice from MLM advisory boards combine to ensure that courses and subjects reflect emerging knowledge and ideas.
Ability to investigate, evaluate, synthesise and apply existing knowledge in the relevant area(s) with creativity and initiative
Small classes, a discussion-based environment and the emphasis on quality teaching and learning create an environment in which knowledge is exchanged, critically examined and adapted to current circumstances.
Well-developed problem solving abilities, characterised by flexibility of approach
Most subjects approach knowledge by reference to various issues or problems. Students are required to critically analyse problems and identify and develop a range of appropriate solutions through class discussion, individual study and assessment tasks.
Advanced competencies in legal research and analysis
Class preparation and class discussions are designed to enhance these skills, which are tested in all forms of assessment. All graduates of an LLM will have demonstrated, through subject assessment, the ability to use their research skills to plan, develop and execute substantial research-based project(s) and/or piece(s) of scholarship.
Capacity to effectively communicate complex legal ideas and theories, orally and in writing, to a variety of audiences
Classroom discussion and formal presentations provide an opportunity to hone oral communication skills, and written assessment tasks are graded in part on written communication skills.
Appreciation of the design, conduct and reporting of original research
Research papers and other research tasks are expected to attain a degree of creativity, originality and discovery that befits a postgraduate program of the highest quality, and students are encouraged and assisted to publish original work of a high standard in refereed journals.
Capacity to manage competing demands on time and ability to work with a high level of autonomy and accountability
The demanding nature of graduate study requires effective time-management skills from all students and an ability to work independently and be accountable for commitment to study and output, as demonstrated through class attendance, engagement and assessment. The rigour of our programs, whether undertaken part-time or full-time, ensures that all successful graduates have enhanced time-management skills and the ability to work with relative autonomy.
Profound respect for truth and intellectual integrity, including the ethics of scholarship
Some subjects have a substantive ethical component. All instructors have a respect for intellectual integrity and are skilled scholars or practitioners in their own right.
Appreciation of the way in which knowledge provides a foundation for leadership
Instructors in the Melbourne Law Masters are leaders in their fields, and many subjects involve visiting academics, exposing students to a wider array of leaders in a range of legal fields. The Law School is committed to the significance of knowledge, which informs all regular programs and a wide range of additional activities.
Capacity to value and participate in teamwork
Small class sizes and an intensive teaching format are valuable in encouraging group dynamics and teamwork.
Understanding of the significance and value of knowledge to the wider community
Law and legal knowledge are a community resource. In some subjects, this perspective is covered explicitly by the syllabus and the manner in which issues are treated in class. In addition, our diverse student body ensures that a range of perspectives on the way law impacts on the community are identified and analysed.
Capacity to engage with issues in contemporary society
Our programs focus on the most up-to-date legal knowledge, analysing current issues and problems through the curriculum design, classroom discussion and assessment tasks. International students are also invited to participate in extracurricular activities to aid understanding of Australian law and legal institutions.
Advanced working skills in the use of new technology
The most advanced IT infrastructure is available to Melbourne Law Masters students in the Law Library, the Moot Court Room, classroom settings and for private study.
Students must complete 100 credit points in total.
Students who do not have a law degree from a common law jurisdiction must complete Fundamentals of the Common Law, as well as 87.5 credit points of study from the prescribed list of subjects.
Students with a law degree from a common law jurisdiction must complete 87.5 credit points of study from the prescribed list and may choose 12.5 credit points from the subjects available in the Master of Laws (excluding Fundamentals of the Common Law and the Minor Thesis).
Note: Most subjects in the MLM program are 12.5 credit points each. Check individual subject handbook entries for confirmation.
|Code||Name||Study period||Credit Points|
|LAWS90081||Advanced Payment Devices and Fintech||Not available in 2021||12.5|
|LAWS70380||Australian Consumer Law||
|LAWS70206||Banking and Secured Finance||
|LAWS90062||Business Negotiations and Deal-Making||
|LAWS70011||Commercial Applications of Equity||Not available in 2021||12.5|
|LAWS90012||Comparative Superannuation Law||Not available in 2021||12.5|
|LAWS70111||Debt Capital Markets||
|LAWS70023||Derivatives Law and Practice||Not available in 2021||12.5|
|LAWS70445||Economic Regulators||No longer available|
|LAWS70106||Financial Services Law||Not available in 2021||12.5|
|LAWS70217||Fundamentals of the Common Law||
|LAWS70013||Global Financial Order||Not available in 2021||12.5|
|LAWS70420||Hedge Funds and Private Equity Funds||Not available in 2021||12.5|
|LAWS70343||International Corporate Insolvency||No longer available|
|LAWS70110||International Financial System||
|LAWS70125||International Financial Transactions||
|LAWS70067||International Legal Internship||
Semester 1 (Off Campus)
Semester 2 (On Campus - Parkville)
|LAWS90143||International Lending||Not available in 2021||12.5|
|LAWS90144||International Sustainable Finance||
|LAWS90025||Liability Insurance Law||Not available in 2021||12.5|
|LAWS70238||Managed Investments Law||Not available in 2021||12.5|
|LAWS90101||Personal Property Securities Law||Not available in 2021||12.5|
|LAWS70036||Superannuation Law||Not available in 2021||12.5|
|LAWS90112||Comparative Corporate Insolvency Law||Not available in 2021||12.5|
|LAWS90110||Regulation of FinTech||Not available in 2021||12.5|
|LAWS70308||International Economic Law||
|LAWS90097||Investment Deals and Disputes in Asia||Not available in 2021||12.5|
|LAWS90193||Design for Innovation||
|LAWS90194||Contract Design and Automation||
|LAWS90216||Cryptoassets in Global Context||
|LAWS90169||Blockchain and Cryptocurrency Law||Not available in 2021||12.5|
|LAWS70392||International Business Transactions||
|LAWS90226||Legal Leadership Essentials||
A student who completes a masters degree in the Melbourne Law Masters is eligible to apply for entry to the PhD program.
Last updated: 13 November 2021