In Progress
Please note that this Unit Profile is still in progress. The content below is subject to change.Overview
This unit covers the regulatory framework of superannuation and the role of financial advisor in retirement and superannuation planning. You will examine the legal and taxation issues related to long term wealth creation and the operation of superannuation funds. You will apply the skills required for managing the client relationship and construct a strategic retirement plan for a client situation.
Details
Pre-requisites or Co-requisites
Pre-requisite: FINC11001 plus Co-requisite: LAWS19033
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 1 - 2025
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of 'pass' in order to pass the unit. If any 'pass/fail' tasks are shown in the table above they must also be completed successfully ('pass' grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the 'assessment task' section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University's Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure - Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure - International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback - Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Student evaluation
Students felt the amount of work required to complete a financial plan was too much
Continue to set student expectations that they are required to spend the 12 hours per week on the unit and that the unit 's workload is set by TEQSA and the Financial Adviser accreditation body
Feedback from Student evaluation
Student requested an extra amount of time for the overall exam given the expectation of referencing
Reduce the number of exam questions to 8 questions, to allow for more time to reference the exam answers
Feedback from Self-reflection
Students are dissatisfied with the Unit coordinator developed content that comes from several different resources and references.
Returning to textbooks will give them more content structure, and detail in one resource, rather than expecting them to access several different resources or sources of knowledge and information to learn from. Textbooks also comes with additional benefits like: Chapter lists Learning objectives for each chapter Key chapter concepts Personal financial scenarios Questions and knowledge applications Concepts checks Key terms Summary Solutions Artwork from the text Worksheets Extension activities References
- Explain contemporary retirement and superannuation issues
- Apply taxation and legal principles to long term wealth creation
- Explain issues relating to self-managed superannuation funds
- Construct pre and post strategic retirement plans.
The Financial Advisers Standards and Ethics Authority (FASEA) has accreditted this unit as part of the following courses:
- Bachelor of Accounting (Financial Planning)
- Bachelor of Accounting/Bachelor of Business (Financial Planning)
- Bachelor of Property (Financial Planning)
- Bachelor of Arts/Bachelor of Business
- LLB/Bachelor of Business (Financial Planning).
FASEA ceased operations on 31 December 2021. From 1 January 2022 Treasury and the Australian Securities and Investment Commission (ASIC) took over the role of :
- Adviser education standards including assessment of foreign qualifications and higher education providers
- Approved courses
- Other standards.
This unit contributes to the core knowledge field of the accredited courses listed above. The learning otucomes for the unit and the assessments have been designed around the accreditation requirements.
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Practical Assessment - 50% | ||||
| 2 - Take Home Exam - 50% | ||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Communication | ||||
| 2 - Problem Solving | ||||
| 3 - Critical Thinking | ||||
| 4 - Information Literacy | ||||
| 5 - Team Work | ||||
| 6 - Information Technology Competence | ||||
| 7 - Cross Cultural Competence | ||||
| 8 - Ethical practice | ||||
| 9 - Social Innovation | ||||
| 10 - Aboriginal and Torres Strait Islander Cultures | ||||