Essay Project on Security Law in Australian Legal System
Added on -2020-07-23
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Essay project
Table of ContentsINTRODUCTION...........................................................................................................................3Main Body ......................................................................................................................................3CONCLUSION................................................................................................................................7
INTRODUCTION Australian security laws are related to the securities which are issued by a organisation.It is also associated with other types of securities which includes stick, debentures and boundswhich are issued by legal authorities in the nation. Security legislation is Australia is based onprinciples that financial markets could not function systematically as well as efficiently unlessparticipants act with integrity. Securities law in Australia consist of rules as well as norms whichgoverns dealings in securities. The purpose of development of legislations related to security isto regulate financial products , services and market. It also intends the control of funds. Anotherobjective of formulation of security law is to restrict illegal trading , improper practices inconnection with securities and also to prevent fraudulent dealings. Licensing system has beenimplemented by legal authority in Australia. This licensing system is created by the governmentfor ensuring that an organisation operating in securities market are conducting fair practices.Securities law also provides some right as well as defines the duties of parties involved in tradingsimultaneity with general contract law. Main body of substantive law about securities is sourcedfrom Corporations Act 2001.The purpose of the report is to identify the appropriate ways which can be used byAustralian legislature for improving present system.Main Body Definition of securityA security is defined as a thing in action. It can also be refers to a claim implemented bylegal proceedings rather than personal tangible property. Security law in Australian legal system In Australian legal system has been developed to regulate as well as governs way inwhich all the people in the nation behave and various industries conduct their business practices.There are several reasons of this unethical activities. Claim is beneficial as well as useful for thecomplainant. The another reason is in misleading cases accused person can claim compensation
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