LAW 6512 - Banking and Finance

Course Details

Course Code	LAW 6512
Course	Banking and Finance
Coordinating Unit	Adelaide Law School
Term	Semester 2
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Online Intensive
Available for Study Abroad and Exchange	N
Assumed Knowledge	LLB
Restrictions	Available to GDLP students only
Assessment	Assessment in this course will include the following: Letter of advice, transaction checklist and oral assessment to provide client advice.

Course Staff

Course Coordinator: Desiree Holland

Course Supervisors- Andrew Lee & Marrisa Mackie

Adelaide Law School Liaison Academic- Professor Chris Symes

Course Timetable

The full timetable of all activities for this course can be accessed from Course Planner.

There is no set course timetable for this online course. Three 1 hour online video conferencing classes are offered across 3 weeks, from the commencement of the course.

Course Learning Outcomes

On successful completion of this course students will be able to:

1	Identify purpose, audience and structure and construct concise and cohesive written documents for a/legal/professional/general/audience within the context of Banking and Finance.
2	Critically evaluate and interpret information necessary to perform competently as graduate entry lawyer in the field of Banking and Finance.
3	Apply different formats to create works containing effective, clear communication to demonstrate competence in advising clients on some of the common ways to finance commercial transactions.
4	Assess client requirements and propose coherent feasible solutions in Banking and Finance.
5	Identify and apply ethical principles which govern legal practice in Banking and Finance.
6	Demonstrate skills in communicating orally and in writing demonstrating competence in drafting simple loan agreements and associated security documents and in taking the actions required to perfect those securities.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University Graduate Attribute	Course Learning Outcome(s)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	1,4
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	2
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	3,6
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	4
Intercultural and ethical competency adept at operating in other cultures comfortable with different nationalities and social contexts able to determine and contribute to desirable social outcomes demonstrated by study abroad or with an understanding of indigenous knowledges	5
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	6

Required Resources

No textbooks are assigned for GDLP courses.

Lecture resources and readings available on MyUni
ONLY.

Due to an emphasis on current legal practice, other materials may be added after the course outline has been posted. Students are
required to check MyUni daily to keep up to date.

Recommended Resources

Most course resources are provided to students online via MyUni. Relevant legislation can be accessed online via:

http://www.comlaw.gov.au/

http://www.legislation.sa.gov.au/index.aspx

http://www.austlii.edu.au/

MyUni will be used to post announcements, post additional lecture materials (including slides, and where available, audio recordings of lectures) and announce assignment tasks. It will also contain electronic copies of the Course Outline, Lecture and Seminar Guides, and
Course Materials.

Students are expected to check MyUni daily to keep up to date with these materials and additional learning resources throughout the course.

Online Learning

The course is supported by the MyUni course website. The website contains the following resources:

1. Course information – including seminar schedule and assessment outline.
2. Course materials – such as lecture presentations, seminar materials, readings and resources.
3. Assessment – items of assessment and online submission.
4. Grade centre – where students’ results for assessments are entered.

MyUni will also be used to post announcements. Students are expected to check MyUni at least daily to keep up to date.

Students should check daily their University of Adelaide email.

Learning & Teaching Modes

The course will be taught intensively online. Problem-solving tutorials and practical exercises are supported by online lectures and readings.

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

Contact time
This course will be taught intensively.

Preparation time
In addition to attending online classes it is anticipated that students will do substantial independent work to prepare for classes and to complete the course assessments.

This is a three-unit course and the university workload measurement for students on this course, including class contact time, is 156 hours. This includes any required pre-reading before the classes commence, and any research and writing of assignments after the end of formal classes.

Learning Activities Summary

Engagement with course content is facilitated by online lectures, curated readings and resources, and self directed study supported by three online tutorial workshops.

There are six modules with learning scaffolded across the modules to ensure that students develop their knowledge.

Course Structure

Types of Finance
Types of Security
Structuring a Finance Transaction
Conducting Due Diligence
Documenting a Deal
Finalising the Transaction

Specific Course Requirements

The course is based on the rules of the Legal Practitioners Education and Admission Council (LPEAC) 2018 which specifies the expected competency standards for entry level lawyers at the point of admission.

In this course, the following elements of the National Competency Standards for Entry Level Lawyers are embedded:

Ethics and professional responsibility
Lawyer's skills
Problem solving
Work management and business skills

For further information please contact the Law Society of SA Program Manager (GDLP).

The University's policy on Assessment for Coursework Programs is based on the following four principles:

Assessment must encourage and reinforce learning.
Assessment must enable robust and fair judgements about student performance.
Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
Assessment must maintain academic standards.

Assessment Summary

Assessments will be made available to students, prior to the nominated deadline.

The assessment tasks due dates may vary to what is currently scheduled.

Assessment Task	Task Type	Due	Weighting	Redeemable	Length	Learning Outcome
Pre task	Questions	Day prior to course commencement	n/a	Yes	1500 words approximately	1-5
Legal Advice-letter	Individual work	Week 1	n/a	Yes	1500 words approximately	1- 5
Transaction List	Individual work	Week 1	n/a	Yes	1000 words approximately	2,4
Oral Assessment	Individual work	Appointment time	n/a	Yes	15 mins approximately	6

Assessment Related Requirements

The purpose of the GDLP program is to facilitate your transition from undergraduate academic law studies to the legal professional employment environment through the demonstration and practice of professionally-based skills and competencies.

Assessments will be made available to students, prior to the nominated deadline. Assessment deadlines will be posted on MyUni prior to the course commencing. Assessments guidelines will be provided for each assessment task.

Assessment Detail

All assessments are competency based (non-graded pass). Competence must be demonstrated in all assessment tasks and activities. MyUni requires a numerical value to display that competency has been demonstrated. Please note:

1= Competency demonstrated
0= Competency not demonstrated

Assessment 1
Legal Advice Letter
Your client requests that you prepare a letter of advice in relation to a Term Sheet, which sets out the terms of a proposed funding arrangement.

Assessment 2
Transaction Checklist
Prepare a transaction list for your client using the template provided;
The transaction list sets out the key steps to be completed for the funding arrangement.

Assessment 3
Client Meeting oral assessment
Your client has requested to meet with you, so you can explain the terms of the Loan Agreement.

Further details will be provided on MyUni.

Submission

Students must retain a copy of all assignments submitted.

All assignments in this course are to be submitted electronically through Turnitin. Submissions to Turnitin are to be in Microsoft Word format (NOT in pdf)’.

Students work will be marked in accordance with the marking rubric.

Resubmission

Students are required to demonstrate competency in all elements of the national competency standards and failure to do so will result in the relevant assessment being marked as non-competent. If the assessment is deemed non-competent students may be offered the opportunity to revise and resubmit the assessment. A re submission is only allowed if a bona fide attempt has been made in the initial submission. In most cases only the parts of the assessment that do not attain competence will be required to be resubmitted. Only ONE opportunity is provided for resubmission.

Final assessments that do not attain competence on resubmission (fail), per University policy, are double-marked before the results are released back to the student.

Extensions

Requests for extensions must be made electronically via GDLP Enquiries GDLPEnquiries@lawsocietysa.asn.au Students MUST apply for an extension prior to the deadline. Extensions will be granted only for unexpected illness, hardship or on compassionate
grounds in accordance with University Policy. Work commitments, travel, holidays or sporting engagements are not unexpected circumstances.

Late Submission

Assessments submitted late without an approved extension will not be marked.

Failure to complete assessments

All assessment in this course must be completed. Failure to complete any of the assessments will result in course failure.

Course Grading

Grades for your performance in this course will be awarded in accordance with the following scheme:

GS8 (Coursework Grade Scheme)
Grade	Description
CN	Continuing
FNS	Fail No Submission
NFE	No Formal Examination
F	Fail
NGP	Non Graded Pass
P	Pass
C	Credit
D	Distinction
HD	High Distinction
RP	Result Pending

Further details of the grades/results can be obtained from Examinations.

Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

Final results for this course will be made available through Access Adelaide.

Finality of Assessment Grades

Students are advised that Course Coordinators will not enter into negotiations of any kind with any student regarding changes to their grades. It is irrelevant, in any given circumstance, that only a minimal number of additional marks are required to inflate a student’s grade for any individual assessment item or course as a whole. Pursuant to the University’s Assessment for Coursework Programs Policyand the Adelaide Law School Assessment Policies and Procedures, grades may only be varied through the appropriate channels for academic review (such as an official re-mark).

Moderation

In accordance with the University’s Assessment for Coursework Programs Policy, course coordinators ‘ensure that appropriate marking guidelines and cross-marking moderation processes across markers are in place’ in each course. Procedures adopted by Adelaide Law School to ensure consistency of marking in courses with multiple markers include:

assurance of the qualifications of markers, and their knowledge of the content covered in each course;
detailed marking guidelines and assessment rubrics to assist in the marking of items of assessment;
sharing of example marked assessments at various grade bands across markers;
reviewing of selected marked assessments from each marker by the course coordinator;
comparison of the marks and their distribution across markers;
automatic double-marking of all interim assessment receiving a fail grade, and of final assessments where a student’s overall result is a fail grade;
the availability of re-marking of assessments in accordance with Adelaide Law School’s Assessment Policies and Procedures.

Approval of Results by Board of Examiners

Students are reminded that all assessment results are subject to approval (and possible moderation/change) by the Law School’s Board of Examiners. Assessment results at the University are not scaled. Under the Assessment for Coursework Programs Policy, students are assessed ‘by reference to their performance against pre-determined criteria and standards … and not by ranking against the performance of the student cohort in the course’. However, under that same policy, the Board of Examiners (as the relevant Assessment Review Committee for courses at Adelaide Law School) is required to ‘ensure comparability of standards and consistency’ in assessment. On occasions, the Board of Examiners will form the view that some moderation is required to ensure the comparability of standards and consistency across courses and years, and accordingly provide fairness to all law students. All assessment results are therefore subject to approval (and possible change) until confirmed by the Board of Examiners and posted on Access Adelaide at the end of each semester.

The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

The course is constantly being updated and revised to reflect the evolution of the law, to respond to student feedback, and to engage with the latest teaching practices. Student feedback is collected each time the course is run, including through SELT reports. Previous SELT reports, and staff feedback on them, are posted on the course MyUni site for students to view and consider.

The University Writing Centre provides academic learning and language development services and resources for local, international, undergraduate and postgraduate coursework students enrolled at the University of Adelaide.

The centre offers practical advice and strategies for students to master reading, writing, note-taking, time management, oral presentation skills, referencing techniques and exam preparation for success at university through seminars, workshops and individual consultations.

Lex Salus Program

Lex Salus (law and wellbeing) is an initiative of the Adelaide Law School aimed at destigmatising mental health issues; promoting physical, mental and emotional wellness; building a strong community of staff and students; and celebrating diversity within the school. It also seeks to promote wellness within the legal profession, through the involvement of the Chief Justice of the Supreme Court of South Australia, the Honourable Chris Kourakis, as the official Patron of the program.

Students can participate in the Lex Salus program by attending barbecue lunches, pancake breakfasts, knitting and crochet circles, seminars, guest speakers, conferences and other activities. Our Facebook page, website and regular all-student emails promote upcoming events, and have tips and information on wellness.

Our Lex Salus YouTube channel also includes videos on topics like managing stress, and interviews with LGBTQ lawyers and their supporters which celebrate diversity and individuality. Students who commit to 10 hours of volunteering with Lex Salus in one year can have their service recognised on their academic transcript and through a thank you morning tea with the Chief Justice and law school staff.

Student Life Counselling Support

The University’s Student Life Counselling Support service provides free and confidential service to all enrolled students. We encourage you to contact the Student Life Counselling Support service on 8313 5663 to make an appointment to deal with any issues that may be affecting your study and life.

This section contains links to relevant assessment-related policies and guidelines - all university policies.

Academic Integrity

All students must be familiar with the University’s Academic Integrity Policy. Academic Misconduct is a serious matter and is treated as such by the Law School and the University. Academic Misconduct (which goes beyond plagiarism) can be a ground for a refusal by the Supreme Court of South Australia to admit a person to practice as a legal practitioner in South Australia. Academic Integrity is an essential aspect of ethical and honest behaviour, which is central to the practice of the law and an understanding of what it is to be a lawyer.

Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator