Unit Synopsis
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
| Level | Undergraduate |
|---|---|
| Unit Level | 2 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 4 |
| Fraction of Full-Time Student Load | 0.125 |
| 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). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 2 - 2026
Term 1 - 2027 Profile
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.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Practical Assessment | 50% |
| 2. Take Home Exam | 50% |
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%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web 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.
Source: SUTE Comments Report
A student felt the current 3-hour timed open book, online, non-invigilated exam time needs to be extended to at least 12 hours due to the requirement of referencing and the additional GenAI declarations
Given that all the students who completed the exam manage to complete all eight exam questions, allowing 40 minutes for referencing and GenAI declaration and citations, there is no reason to change the current exam design and structure.
Action taken with positive outcomes
Source: Self-Reflection
Some students managed to pass with zero to minimal Moodle content work according the CQUSuccess data analytics
If the assessment tasks can be completed using other sources of information that is not necessarily on the Moodle, then the unit reflects some flexibility in how some students are learning. This will be reviewed by the unit coordinator.
Students are encouraged to continue to engage with Moodle content
Source: SUTE
Strong Industry Expertise and Authentic Learning- Unit Relevance to Degree (100%) - Students consistently acknowledged the coordinator's professional knowledge and industry experience, particularly in retirement planning and superannuation. Students also noted that the teaching approach reflects contemporary professional practice and exposes them to realistic financial planning processes.
The unit coordinator continues to share her knowledge and experiences.
In Progress
Source: SUTE
Integration of Contemporary Industry Technologies like GenAI - Students were highly supportive of the incorporation of GenAI into the curriculum, recognising the importance of these skills for future professional practice.
Continue to encourage students to use GenAI responsibly but focus more on the unit content than on teaching responsible GenAI skills.
In Progress
Source: SUTE
Perceived Workload and Content Volume - Some students indicated that the breadth of content felt equivalent to more than one unit and compared this unit to other non-financial planning units.
Clearly include essential skills only on the Moodle LMS. Review opportunities to reduce duplication across resources. Continue reviewing workload against equivalent unit expectations.
In Progress
Source: SUTE
Learning Resource Delivery - Students appear to prefer fewer, larger recordings that allow continuous viewing while still permitting pause and review.
Review video structure and consolidation opportunities. Consider combining related content into larger thematic recordings.
In Progress
Source: SUTE
Assessment Support and Scaffolded Learning -Several comments suggested students would benefit from additional guidance when preparing the SOA.
Support students more to navigate complex professional tasks for the first time. Review opportunities to streamline the student SOA template.
In Progress
Source: SUTE
Industry Software Experience - One student specifically raised concerns regarding Midwinter software and suggested alternative platforms. Exposure to industry software remains valuable because it helps students understand contemporary advice processes and software-driven advice production. However, learning software and learning financial planning concepts simultaneously can increase cognitive load.
Review supporting resources for software activities. Provide additional software demonstrations and troubleshooting support.
In Progress
On successful completion of this unit, you will be able to:
- 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.
| Assessment Tasks | Learning Outcomes | |||
|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |
| 1 - Practical Assessment | • | • | • | • |
| 2 - Take Home Exam | • | • | • | |
| 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 | • | |||
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |