25775 Superannuation and Financial Planning
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particular session, location and mode of offering is the authoritative source
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Subject handbook information prior to 2020 is available in the Archives.
Credit points: 6 cp
Subject level:
Postgraduate
Result type: Grade and marksThere are course requisites for this subject. See access conditions.
Description
This subject examines the application of superannuation and retirement strategies to support the funding needs of retail clients through a comprehensive statement of advice. It commences with an introduction to the Australian superannuation industry, the three phases of superannuation and ends with application of strategies to enable retail clients to benefit from superannuation and retirement planning through a comprehensive financial plan.
Subject learning objectives (SLOs)
| 1. | demonstrate knowledge and understanding of superannuation in the Australian context, including superannuation structures, the three phases of superannuation, taxation implications and application of the Superannuation Industry Supervision Act 1993 (SIS) |
|---|---|
| 2. | recognise changing demographics and the effects on superannuation issues |
| 3. | be able to develop strategies and provide advisory recommendations on superannuation, including evaluating the advantages and disadvantages of strategies and being able to optimise recommendations |
| 4. | apply the steps involved in the financial planning process to client scenarios |
| 5. | undertake research, construct and present a comprehensive Statement of Advice (SOA) to meet client requirements in an ethical and professional manner |
| 6. | demonstrate a knowledge and understanding of the process of giving financial advice |
Contribution to the development of graduate attributes
This subject develops an in-depth understanding of superannuation strategies to support the funding needs of retail clients through constructing a comprehensive financial plan. As such this subject contributes to the development of the following graduate attributes:
- Business knowledge and concepts
- Critical thinking, creativity and analytical skills
- Communication and interpersonal skills
- Attitudes and values
- Business practice oriented skills
This subject contributes to the development of the following Program Learning Objectives:
- Critically analyse complex financial planning concepts (1.1)
- Demonstrate advanced skills for an effective financial planning practice (1.2)
- Use relevant information and data to critically analyse complex issues in the practice of financial planning (2.1)
- Formulate creative and innovative solutions to complex financial planning issues (2.2)
- Demonstrate knowledge of diverse cultural and Indigenous perspectives and their implications for the practice of financial planning (4.3)
- Apply technical and professional skills effectively within the practice of financial planning (5.1)
- Execute a substantial evidence-based financial planning advice project (5.2)
Teaching and learning strategies
This subject is based on collaborative learning activities that include online courses and activities, lectures, in-class discussions and applied case studies. The online course and activities will develop student’s technical knowledge on superannuation and the financial planning process. The lectures will explain the application of the process using a case student framework. Students will actively discuss the case studies with the instructor and peers based on the knowledge from the online classes.
Content (topics)
- The superannuation industry: a detailed overview and regulation.
- Superannuation and retirement planning advice strategies.
- Retirement planning: social security aged care and non-financial issues
- Different methods of construction of the Statement of Advice (SoA)
- SoA disclosure and compliance requirements
- SoA Requirements of FASEA Code of Ethics and Code Monitoring Bodies
- Establish ethical client-planner relationships and importance of Best Interest Duty
- The financial planning process: the six steps
Assessment
Assessment task 1: Quiz on the content of the online learning component
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3 and 4 |
|---|---|
| Type: | Quiz/test |
| Groupwork: | Individual |
| Weight: | 20% |
Assessment task 2: Assignment
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 20% |
Assessment task 3: Assignment and presentation
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Report |
| Groupwork: | Individual |
| Weight: | 40% |
Assessment task 4: Presentation
| Objective(s): | This addresses subject learning objective(s): 1, 2, 3, 4, 5 and 6 |
|---|---|
| Type: | Presentation |
| Groupwork: | Individual |
| Weight: | 20% |
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
Required texts
Mandatory reading and other learning material will be placed on Canvas.
References
- Australian Master Financial Planning Guide (latest financial year edition)
- Australian Master Superannuation Guide (latest financial year edition)