Professor Sheelagh McCracken

MA (Camb) PhD (Sydney) Cert H.Ed (UNSW)
Professor of Finance Law

F10 - Law School (Camperdown)
The University of Sydney

Telephone +61 2 9351 0453
Fax +61 2 9351 0200

Biographical details

Dr Sheelagh McCracken is Professor of Finance Law at Sydney Law School. Prior to her current appointment and working on a part-time basis, she was an Associate Professor with Macquarie University's Master of Applied Finance program, teaching finance law throughout Australia and in Singapore, Hong Kong, Beijing and Tokyo. She completed her undergraduate law degree at the University of Cambridge and qualified and practised as a commercial solicitor with a major commercial law firm in the City of London. She obtained her PhD from the University of Sydney, which was subsequently published in London as The Banker's Remedy of Set-Off and is now in its third edition. Other major publications include co-authorship of a standard text, Everett & McCracken's Banking and Financial Institutions Law, of which the 8th edition was published in early 2013. She writes and speaks regularly on finance law, including personal property securities law, and has consulted to a number of major Australian commercial law firms as well as other overseas and domestic organisations. She currently chairs the Academic Committee of the Banking & Financial Services Law Association.

Research interests

  • Finance law
  • Commercial law
  • Personal property securities law

Teaching and supervision

Undergraduate

  • Introduction to Property and Commercial Law
  • Equity and Financial Risk Allocation
  • Secured Transactions in Commercial Law

Postgraduate

  • Fundamentals of Finance Law
  • Personal Property Securities
  • Fundamentals of Commercial Law
  • Financial Risk Allocation in Equity

Current projects

  • Capacity Building for Cambodian Legal and Judicial Practitioners - Australia Awards Fellowship Program 2013 (Round 13) (AusAID), Bath V, Brown C, McCracken S, McDonald B, Nottage L, Stumbles J.

Selected grants

2014

  • Sydney Law School- National University of Singapore Symposium; McDonald B, Bath V, Brown C, Courtney W, McCracken S, Rolph D, Weatherall K, Tan Kah Heng D; DVC International/IPDF Grant.

2012

  • Regulation and Reforms to Enhance Financial Stability in the Post-GFC Era; Hill J, Bird J, Cooper G, Dirkis M, McCracken S, Stumbles J, Tolhurst G, Vann R; Centre for International Finance and Regulation/Research Support.

Selected publications

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Books

  • McCracken, S., Bird, J., Stumbles, J., Tolhurst, G. (2013). Everett and McCracken's Banking and Financial Institutions Law – 8th Edition. Sydney, Australia: Thomson Lawbook Co. (Thompson Reuters).
  • McCracken, S. (2010). The Bankers Remedy of Set-Off – 3rd Edition. Haywards Heath, West Sussex: Bloomsbury Professional.
  • McCracken, S., Everett, A. (2009). Everett & McCracken's Banking and Financial Institutions Law (7th edition). Sydney: Lawbook Co.

Edited Books

  • Griffiths, S., McCracken, S., Wardrop, A. (2014). Exploring Tensions in Finance Law: Trans-Tasman Insights. Wellington, New Zealand: Thomson Reuters.

Book Chapters

  • Griffiths, S., McCracken, S., Wardrop, A. (2014). Exploring Tensions in Finance Law. In S. Griffiths, S. McCracken, A. Wardrop (Eds.), Exploring Tensions in Finance Law: Trans-Tasman Insights, (pp. 1-10). Wellington, New Zealand: Thomson Reuters.
  • McCracken, S. (2014). The Personal Property Security Interest: Identifying Some Essential Attributes. In Ann Wardrop (Eds.), Banking and Finance: Perspectives on Law and Regulation, (pp. 146-170). Sydney, Australia: Federation Press.
  • McCracken, S. (2014). When is a "Buyer" a "Buyer"? Solving Riddles When New Legislation Confronts Established Concepts. In S. Griffiths, S. McCracken, A. Wardrop (Eds.), Exploring Tensions in Finance Law: Trans-Tasman Insights, (pp. 175-197). Wellington, New Zealand: Thomson Reuters.
  • McCracken, S. (2013). Security Within the Scope of the Personal Property Securities Act 2009 (Cth) (PPSA). In Sheelagh McCracken, Joanna Bird, John Stumbles, Greg Tolhurst (Eds.), Everett and McCrackens Banking and Financial Institutions Law – 8th Edition, (pp. 487-540). Sydney, Australia: Thomson Lawbook Co. (Thompson Reuters).
  • Jones, A., McCracken, S. (2011). Crossing the boundary between finance and law: The collaborative problematisation of professional learning in a postgraduate classroom. In C Candlin and S Sarangi (Eds.), Handbook of Communication in Organisations and Professions, (pp. 499-518). Berlin: De Gruyter Mouton.
  • Jones, A., McCracken, S. (2007). Teaching the discourse of legal risk to finance professionals: foundations for a linguistically scaffolded curriculum. In Robert Wilkinson, Vera Zegers (Eds.), Researching Content and Language Integration in Higher Education, (pp. 122-136). The Netherlands: Maastricht University.

Journals

  • McCracken, S. (2014). Construing the Personal Property Securities Act 2009 (Cth): interpretation or interpolation? Commercial Law Quarterly, 27(4), 3-10.
  • McCracken, S. (2014). Personal Property Securities Legislation: Analysing the New Lexicon. Adelaide Law Review, 35(1), 71-95.
  • McCracken, S. (2013). Book Review: Australian Personal Property Securities Law by Anthony Duggan and David Brown LexisNexis Butterworths, 2012 xxxvii + 371 pp ISBN 978 0 409330 32 8. Adelaide Law Review, 34(2), 473-475.
  • McCracken, S. (2011). Conceptualising the Rights of a Lessee under the Personal Property Securities Regime: the Challenge of 'New Learning' for Australian Lawyers. University of New South Wales Law Journal, 34(2), 547-566.
  • McCracken, S. (2011). Getting to grips with the reforms to Personal Property Securities Law. Commercial Law Quarterly, 25(3), 3-11.

Conferences

  • McCracken, S. (2014). Marshalling: a topical case study in exploring complexity of property remedies. Property Remedies Forum 2014 - Hosted by: University of Aix-Marseille Faculty of Law; Emory University School of Law; Sydney Law School; Washington & Lee University School of Law; University of Louisvilles Louis D. Brandeis School of Law, Aix-en-Provence, France: Presentation.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Ostensible Ownership: An Outmoded Concept in a Secured Transactions Regime? Annual Colloquium of the Academic Committee of the Banking & Financial Services Law Association (BFSLA) 2014, Sydney, NSW: Presentation.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Personal Property Securities: Views from the City. Specialist Roundtable - November 2014, Sydney, NSW: Presentation.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Title Transfer Collateralisation Arrangements as Secured Transactions. Specialist Roundtable - July 2014, Sydney, NSW: Presentation.
  • McCracken, S. (2014). When is a "buyer", a "buyer"? Solving riddles when new legislation confronts established concepts. Banking & Financial Services Law Association Academic Committee Workshop 2014: Exploring Tensions in Finance Law, Sydney, NSW: Presentation.
  • McCracken, S. (2014). When Law and Commerce Fall Temporarily Out of Step: An Australian Case Study on Secured Transactions. Sydney Law School - National University of Singapore Symposium 2014, Sydney, NSW: Presentation.
  • McCracken, S. (2013). Analysing the New Lexicon. Personal Property Security Law: Local and Global Perspectives Sympoium 2014, Adelaide, SA: Presentation.

Magazine / Newspaper Articles

  • McCracken, S. (2010). Combination of accounts: a contrast in banker-customer expectations. Butterworths Corporation Law Bulletin, 25.

Report

  • Hill, J., Cooper, G., Dirkis, M., McCracken, S., Stumbles, J., Tolhurst, G., Vann, R. (2014). Regulation and Reforms to Enhance Financial Stability in the Post-GFC Era - Report for the Centre for International Finance and Regulation (CIFR).

Reference Works

  • McCracken, S. (2015). Personal Property Securities. In Ray Finkelstein, David Hamer (Eds.), LexisNexis Concise Australian Legal Dictionary - 5th Edition. (pp. 473). Australia: LexisNexis.
  • McCracken, S., Decker, F. (2015). Security, commercial transactions (Forthcoming). In J. Wright (Eds.), International Encyclopedia of the Social and Behavioural Science - 2nd Edition. United States: Elsevier Inc.
  • McCracken, S., Boxall, A. (2012). Guarantees and Indemnities. Halsbury's Laws of Australia - Fifth Edition. Australia: LexisNexis.
  • McCracken, S. (2010). Personal Property Securities. In Peter Butt, D. Hamer (Eds.), LexisNexis Concise Australian Legal Dictionary - 4th Edition. Australia: LexisNexis.

Other

  • McCracken, S., Stumbles, J., Tolhurst, G. (2014), Submission to the Review of the Personal Property Securities Act 2009: Consultation Paper No 1.
  • McCracken, S. (2014), Submission to the Review of the Personal Property Securities Act 2009: Consultation Paper No 2.

2015

  • McCracken, S. (2015). Personal Property Securities. In Ray Finkelstein, David Hamer (Eds.), LexisNexis Concise Australian Legal Dictionary - 5th Edition. (pp. 473). Australia: LexisNexis.
  • McCracken, S., Decker, F. (2015). Security, commercial transactions (Forthcoming). In J. Wright (Eds.), International Encyclopedia of the Social and Behavioural Science - 2nd Edition. United States: Elsevier Inc.

2014

  • McCracken, S. (2014). Construing the Personal Property Securities Act 2009 (Cth): interpretation or interpolation? Commercial Law Quarterly, 27(4), 3-10.
  • Griffiths, S., McCracken, S., Wardrop, A. (2014). Exploring Tensions in Finance Law. In S. Griffiths, S. McCracken, A. Wardrop (Eds.), Exploring Tensions in Finance Law: Trans-Tasman Insights, (pp. 1-10). Wellington, New Zealand: Thomson Reuters.
  • Griffiths, S., McCracken, S., Wardrop, A. (2014). Exploring Tensions in Finance Law: Trans-Tasman Insights. Wellington, New Zealand: Thomson Reuters.
  • McCracken, S. (2014). Marshalling: a topical case study in exploring complexity of property remedies. Property Remedies Forum 2014 - Hosted by: University of Aix-Marseille Faculty of Law; Emory University School of Law; Sydney Law School; Washington & Lee University School of Law; University of Louisvilles Louis D. Brandeis School of Law, Aix-en-Provence, France: Presentation.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Ostensible Ownership: An Outmoded Concept in a Secured Transactions Regime? Annual Colloquium of the Academic Committee of the Banking & Financial Services Law Association (BFSLA) 2014, Sydney, NSW: Presentation.
  • McCracken, S. (2014). Personal Property Securities Legislation: Analysing the New Lexicon. Adelaide Law Review, 35(1), 71-95.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Personal Property Securities: Views from the City. Specialist Roundtable - November 2014, Sydney, NSW: Presentation.
  • Hill, J., Cooper, G., Dirkis, M., McCracken, S., Stumbles, J., Tolhurst, G., Vann, R. (2014). Regulation and Reforms to Enhance Financial Stability in the Post-GFC Era - Report for the Centre for International Finance and Regulation (CIFR).
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014), Submission to the Review of the Personal Property Securities Act 2009: Consultation Paper No 1.
  • McCracken, S. (2014), Submission to the Review of the Personal Property Securities Act 2009: Consultation Paper No 2.
  • McCracken, S. (2014). The Personal Property Security Interest: Identifying Some Essential Attributes. In Ann Wardrop (Eds.), Banking and Finance: Perspectives on Law and Regulation, (pp. 146-170). Sydney, Australia: Federation Press.
  • McCracken, S., Stumbles, J., Tolhurst, G. (2014). Title Transfer Collateralisation Arrangements as Secured Transactions. Specialist Roundtable - July 2014, Sydney, NSW: Presentation.
  • McCracken, S. (2014). When is a "Buyer" a "Buyer"? Solving Riddles When New Legislation Confronts Established Concepts. In S. Griffiths, S. McCracken, A. Wardrop (Eds.), Exploring Tensions in Finance Law: Trans-Tasman Insights, (pp. 175-197). Wellington, New Zealand: Thomson Reuters.
  • McCracken, S. (2014). When is a "buyer", a "buyer"? Solving riddles when new legislation confronts established concepts. Banking & Financial Services Law Association Academic Committee Workshop 2014: Exploring Tensions in Finance Law, Sydney, NSW: Presentation.
  • McCracken, S. (2014). When Law and Commerce Fall Temporarily Out of Step: An Australian Case Study on Secured Transactions. Sydney Law School - National University of Singapore Symposium 2014, Sydney, NSW: Presentation.

2013

  • McCracken, S. (2013). Analysing the New Lexicon. Personal Property Security Law: Local and Global Perspectives Sympoium 2014, Adelaide, SA: Presentation.
  • McCracken, S. (2013). Book Review: Australian Personal Property Securities Law by Anthony Duggan and David Brown LexisNexis Butterworths, 2012 xxxvii + 371 pp ISBN 978 0 409330 32 8. Adelaide Law Review, 34(2), 473-475.
  • McCracken, S., Bird, J., Stumbles, J., Tolhurst, G. (2013). Everett and McCracken's Banking and Financial Institutions Law – 8th Edition. Sydney, Australia: Thomson Lawbook Co. (Thompson Reuters).
  • McCracken, S. (2013). Security Within the Scope of the Personal Property Securities Act 2009 (Cth) (PPSA). In Sheelagh McCracken, Joanna Bird, John Stumbles, Greg Tolhurst (Eds.), Everett and McCrackens Banking and Financial Institutions Law – 8th Edition, (pp. 487-540). Sydney, Australia: Thomson Lawbook Co. (Thompson Reuters).

2012

  • McCracken, S., Boxall, A. (2012). Guarantees and Indemnities. Halsbury's Laws of Australia - Fifth Edition. Australia: LexisNexis.

2011

  • McCracken, S. (2011). Conceptualising the Rights of a Lessee under the Personal Property Securities Regime: the Challenge of 'New Learning' for Australian Lawyers. University of New South Wales Law Journal, 34(2), 547-566.
  • Jones, A., McCracken, S. (2011). Crossing the boundary between finance and law: The collaborative problematisation of professional learning in a postgraduate classroom. In C Candlin and S Sarangi (Eds.), Handbook of Communication in Organisations and Professions, (pp. 499-518). Berlin: De Gruyter Mouton.
  • McCracken, S. (2011). Getting to grips with the reforms to Personal Property Securities Law. Commercial Law Quarterly, 25(3), 3-11.

2010

  • McCracken, S. (2010). Combination of accounts: a contrast in banker-customer expectations. Butterworths Corporation Law Bulletin, 25.
  • McCracken, S. (2010). Personal Property Securities. In Peter Butt, D. Hamer (Eds.), LexisNexis Concise Australian Legal Dictionary - 4th Edition. Australia: LexisNexis.
  • McCracken, S. (2010). The Bankers Remedy of Set-Off – 3rd Edition. Haywards Heath, West Sussex: Bloomsbury Professional.

2009

  • McCracken, S., Everett, A. (2009). Everett & McCracken's Banking and Financial Institutions Law (7th edition). Sydney: Lawbook Co.

2007

  • Jones, A., McCracken, S. (2007). Teaching the discourse of legal risk to finance professionals: foundations for a linguistically scaffolded curriculum. In Robert Wilkinson, Vera Zegers (Eds.), Researching Content and Language Integration in Higher Education, (pp. 122-136). The Netherlands: Maastricht University.

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