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FinTech and Payments Law (LAWS90237)
Graduate courseworkPoints: 12.5Online
Please refer to the return to campus page for more information on these delivery modes and students who can enrol in each mode based on their location.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
December
Lecturers
Associate Professor Andrew Godwin
Mr David Kreltszheim
Email: law-masters@unimelb.edu.au
Website: law.unimelb.edu.au
Overview
Availability(Quotas apply) | December - Online |
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Fees | Look up fees |
This subject deals with the law governing financial transactions and payments. As a result of ongoing technological innovation, particularly in areas such as digital payments and distributed ledger technology, the way in which financial transactions are classified for legal and regulatory purposes is being radically transformed. This has created challenges for law and regulation and has led to innovative ways of designing and executing financial transactions. It has also led to new players in the form of Fintech companies.
This subject is designed to provide students with advanced knowledge of the legal and regulatory issues concerning the execution of financial transactions, including payment methods, and the challenges brought about by technological innovation.
Principal topics will include:
- The financial regulatory system in Australia, including the agencies that are responsible for regulating financial transactions and the payments system
- The law governing financial transactions, including execution, clearing and settlement
- Payment methods and devices, including traditional methods such as bills of exchange and modern devices such as electronic payments
- Digital assets, including cryptocurrencies
- Anti-money laundering (AML) regulation and transaction reporting
- Cybersecurity issues applying to financial transactions
- The impact of innovation and financial technology (‘fintech’)
Intended learning outcomes
On completion of this subject, students should be able to:
- Have an advanced and integrated understanding of the regulation of financial transactions, including payment systems, in Australia and overseas
- Be able to critically examine, analyse, interpret and assess the legal and regulatory rules applicable to financial transactions
- Be an engaged participant in debates regarding emerging and contemporary issues in the field, including digital payments and Fintech, digital assets and cybersecurity, and the ongoing challenges facing Australia and other jurisdictions
- Have the cognitive and technical skills to generate critical and creative ideas relating to financial transactions and their operation and regulation in modern financial markets
- Have the communicative skills to clearly articulate and convey complex information regarding financial transactions and technological innovation in this area
Generic skills
- Mastery of principal areas of law and regulation as they relate to financial transactions and the way in which financial transactions are executed;
- Expert, specialised cognitive and technical skills for critical and independent thought and reflection in the context of financial transactions;
- Problem-solving skills, applied to the critical evaluation of new applications and research relevant to technologies affecting financial transactions; and
- The ability to expertly communicate specialised and complex information, ideas, concepts and theories relevant to financial transactions and technological innovation from a global perspective.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Description | Timing | Percentage |
---|---|---|
Option 1: Take-home examination
| 14 - 17 January 2022 | 100% |
Option 2: Research paper (on a topic approved by the Subject Coordinators)
| 23 February 2022 | 100% |
Hurdle requirement: A minimum of 75% attendance. Note: the attendance hurdle does not apply when the subject is delivered online however students are expected to attend all live sessions. | Throughout the teaching period | N/A |
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- December - Online
Mode of delivery Online Contact hours Total time commitment 144 hours Pre teaching start date 3 November 2021 Pre teaching requirements Please refer to the Reading Guide on the LMS subject page for confirmation of which resources need to be read and what other preparation is required before the teaching period commences. Teaching period 1 December 2021 to 7 December 2021 Last self-enrol date 8 November 2021 Census date 2 December 2021 Last date to withdraw without fail 21 January 2022 Assessment period ends 23 February 2022 December contact information
Lecturers
Associate Professor Andrew Godwin
Mr David KreltszheimEmail: law-masters@unimelb.edu.au
Website: law.unimelb.edu.au
Additional delivery details
This subject has a quota of 30 students.
Enrolment is on a 'first in' basis. Waitlists are maintained for subjects that are fully subscribed.
Students should note priority of waitlisted places in subjects will be given as follows:
- To currently enrolled Graduate Diploma and Masters students with a satisfactory record in their degree
- To other students enrolling on a single subject basis, eg Community Access Program (CAP) students, cross-institutional study and cross-faculty study.
Please refer to the Melbourne Law Masters website for further information about the management of subject quotas and waitlists.
Melbourne Law School may reserve places in a subject for incoming international cohorts or where a subject is core to a specialisation with limited alternate options.
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
Specialist materials will be made available via the LMS in the pre-teaching period.
- Links to additional information
Last updated: 3 November 2022