"Banking Law in Australia" by Alan L. Tyree is a comprehensive textbook that covers the legal aspects of banking in Australia. Here is a detailed overview of the book:

Key Themes

1. Regulatory Framework: The book delves into the regulatory framework governing Australian banking, including legislation and government activities that shape the industry.
2. Case Law and Legislation: It provides clear and concise commentary on relevant case law, legislation, and government activities, offering a comprehensive understanding of banking law in Australia.
3. Banking System and Regulation: Major revisions in the book address the Australian banking system and regulation, reflecting changes in the industry post-reforms.
4. Consumer Protection: The text covers consumer protection aspects, including unfair contract terms, responsible lending, consumer warranties, and the Code of Banking Practice.
5. Payment Systems: It discusses payment systems, including domestic payments, credit cards, and the New Payment Platform, as well as mistaken internet payments.
6. Secured Lending: The book explores secured lending, focusing on securities over real and personal property, highlighting historical problems and complexities in this area.

Plot Summary

The book is structured to provide a thorough understanding of banking law in Australia. It begins with an overview of the history and current practice of banking law, followed by detailed discussions on various aspects of banking regulation. The text includes chapters on accounts, bills of exchange, duties of the banker, payment systems, consumer protection, and secured lending. Each chapter is designed to engage the reader with clear commentary and relevant case law, making it a valuable resource for law and business students.

Critical Reception

The book has received positive reviews for its clarity and comprehensive coverage of banking law in Australia. It is widely used in elective subjects for law and business students, indicating its relevance and effectiveness as a textbook. The ninth edition, for instance, has been praised for its major revisions, which reflect the evolving nature of the banking industry.

Editions

The book has been published in multiple editions, with the most recent being the tenth edition, which includes significant updates to reflect changes in the regulatory framework and banking practices. The eighth edition, published in 2014, is also notable for its detailed commentary and extensive bibliography.

In summary, "Banking Law in Australia" by Alan L. Tyree is a seminal work that provides a thorough understanding of the legal aspects of banking in Australia. Its comprehensive coverage, clear commentary, and relevance to both law and business students make it a critical resource in the field of banking law.