CQUniversity Unit Profile
FINC20026 Superannuation and Wealth Planning
Superannuation and Wealth Planning
All details in this unit profile for FINC20026 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student).
The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.
General Information

Overview

In this unit you will cover the core concepts relating to superannuation and wealth planning. Using client scenarios and financial planning software, you will explore a broad range of superannuation strategies including the relevant tax treatments, legislation and self-managed superannuation options. The unit also focuses on the evaluation of risk and selection of appropriate investment products which can apply to diversified superannuation and non-superannuation wealth planning. You will also apply risk evaluation and investment product selection to diversified superannuation and non-superannuation wealth planning.

Details

Career Level: Postgraduate
Unit Level: Level 8
Credit Points: 6
Student Contribution Band: 10
Fraction of Full-Time Student Load: 0.125

Pre-requisites or Co-requisites

Co-requisites:FINC20025 Financial Planning Practice LAWS20060 Taxation Law of Australia

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 - 2019

Online

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).

Class and Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate 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

Bundaberg, Cairns, Emerald, Gladstone, Mackay, Rockhampton, Townsville
Adelaide, Brisbane, Melbourne, Perth, Sydney

Assessment Overview

1. Practical Assessment
Weighting: 50%
2. Examination
Weighting: 50%

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.

Unit Learning Outcomes
On successful completion of this unit, you will be able to:
  1. Apply key concepts in prudential supervision of Australian superannuation and apply to a diverse range of superannuation accumulation and withdrawal problems
  2. Analyse the problems affecting superannuation wealth in Australia and the impact on providing advice
  3. Construct investment portfolios using domestic and international financial products to solve wealth planning problems
  4. Calculate superannuation and wealth planning outcomes using financial planning software and tools
  5. Assess the financial investment values and capacities of a wide range of clients in the development of wealth plans.

This unit has been designed to conform to the accreditation requirements of the Financial Planning Education Council.

Alignment of Learning Outcomes, Assessment and Graduate Attributes
N/A Level
Introductory Level
Intermediate Level
Graduate Level
Professional Level
Advanced Level

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5
1 - Practical Assessment - 50%
2 - Examination - 50%

Alignment of Graduate Attributes to Learning Outcomes

Graduate Attributes Learning Outcomes
1 2 3 4 5
1 - Knowledge
2 - Communication
3 - Cognitive, technical and creative skills
4 - Research
5 - Self-management
6 - Ethical and Professional Responsibility
7 - Leadership
8 - Aboriginal and Torres Strait Islander Cultures

Alignment of Assessment Tasks to Graduate Attributes

Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Practical Assessment - 50%
2 - Examination - 50%
Textbooks and Resources

Textbooks

Prescribed

Australian Superannuation Handbook 2018-19

Edition: 77th (2019)
Authors: Stuart C Jones
Thomson Reuters
Sydney Sydney , NSW , Australia
ISBN: 9780864698339
Binding: Paperback
Supplementary

Financial Planning

Edition: 2nd (2018)
Authors: Warren McKeown, Mike Kerry, Marc Olynyk
John Wiley & Sons Australia, Ltd
New York New York , United States
ISBN: 9781118644836
Binding: Paperback

Additional Textbook Information

For either paperback version, they can be purchased at the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
  • XPlan software to complete Practical Assessment 1
Referencing Style

All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)

For further information, see the Assessment Tasks.

Teaching Contacts
Angelique Mcinnes Unit Coordinator
a.mcinnes@cqu.edu.au
Schedule
Week 1 Begin Date: 11 Mar 2019

Module/Topic

The superannuation scene - Overview

Chapter

  • 1 (Jones, 2018/2019)
  • 10 & 11  (McKeown, Kerry, Olynyk, pp 360-364; 393-396)

Events and Submissions/Topic


Week 2 Begin Date: 18 Mar 2019

Module/Topic

Superannuation funds - Superannuation funds and MySuper

Contributions - Contributions and Superannuation Guarantee

Chapter

  •  2 & 4 (Jones, 2018/2019)
  • 10  (McKeown, Kerry, Olynyk, pp 357-358)
  • 7 & 8 (Jones, 2018/2019)
  • 10 (McKeown, Kerry, Olynyk, pp 365-376)

Events and Submissions/Topic


Week 3 Begin Date: 25 Mar 2019

Module/Topic

Accumulation Strategies - Contributions, Superannuation Guarantee and Taxation of Superannuation funds

Chapter

  • 6, 7, 8 & 12 (Jones, 2018/2019) 
  • 10 (McKeown, Kerry, Olynyk, pp 365-376; 379-381)


Events and Submissions/Topic


Week 4 Begin Date: 01 Apr 2019

Module/Topic

Superannuation withdrawal of member benefits - Member benefits, payment of benefits, pensions and annuities, family law and superannuation, Employment termination payments

Chapter

  • 13,14, 15, 16, 18, 19 & 20 (Jones, 2018/2019)
  • 11 (McKeown, Kerry, Olynyk, pp 381-382; 400-424)

Events and Submissions/Topic


Week 5 Begin Date: 08 Apr 2019

Module/Topic

Self-managed superannuation funds (SMSFs) - Overview and Regulation

Chapter

  • 3 (Jones, 2018/2019)
  • 12 (McKeown, Kerry, Olynyk, pp 436-455)

Events and Submissions/Topic


Vacation Week Begin Date: 15 Apr 2019

Module/Topic

Complete assessment task

Chapter


Events and Submissions/Topic


Week 6 Begin Date: 22 Apr 2019

Module/Topic

Self-managed superannuation funds (SMSFs) - Investment rules, pension and annuities

Chapter

  • 11 & 16 (Jones, 2018/2019)
  • 12 (McKeown, Kerry, Olynyk, pp 448-462)

Events and Submissions/Topic


Week 7 Begin Date: 29 Apr 2019

Module/Topic

Wealth Planning 1

Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 & 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Larr, P., & Stampleman, A. (2002). Concepts of portfolio management; Part 1: Measuring and controlling risk (Oldies, still goodies). The RMA Journal, 84(7), 22-26.
  • Larr, P., & Stampleman, A. (2002). Concepts of portfolio management; Part 2: Understanding and using the model. The RMA Journal, 84(8).
  • Boyd, T. (2018, 2 August). ASIC and APRA fail on super. Financial Review.

Events and Submissions/Topic


Week 8 Begin Date: 06 May 2019

Module/Topic

Wealth Planning 2

Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 & 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Bierman, H., & Hass, J. (2004). Dollar cost averaging. The Journal of Investing, Winter, 21-24.

Events and Submissions/Topic


Week 9 Begin Date: 13 May 2019

Module/Topic

Wealth Planning 3

Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 and 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Gold, M. (2004). Investing in pseudo-science: the active versus passive debate. JASSA, 1(Spring), 2-6.

Events and Submissions/Topic


Week 10 Begin Date: 20 May 2019

Module/Topic

Wealth Planning 4


Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 and 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Faff, R., Gallagher, D. R., & Wu, E. (2005). Tactical asset allocation: Australian evidence. Australian Journal of Management(December), 261-282.
  • Nanigian, D. (2014). New Perspectives on the Active versus Passive Debate. Journal of Financial Planning, 27(11), 36-37.

Events and Submissions/Topic

Exam Advice posted onto Moodle.


PRACTICAL ASSESSMENT: Superannuation and Wealth Planning Due: Week 10 Wednesday (22 May 2019) 12:00 am AEST
Week 11 Begin Date: 27 May 2019

Module/Topic

Wealth Planning 5


Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 and 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Watson, J., Delaney, J., Dempsey, M., & Wickramanayake, J. (2016). Australian superannuation (pension) fund product ratings and performance: A guide for fund managers. Australian Journal of Management, 41(2), 189-211.

Events and Submissions/Topic


Week 12 Begin Date: 03 Jun 2019

Module/Topic

Wealth Planning 6

Unit Revision

Chapter

  • 1 to 8 (McKeown, Kerry, Olynyk)
  • 19 & 20 (Brailsford, T., Heaney, R., & Bilson, C. (2015). Investments: Concepts and applications (5th ed.). South Melbourne, Victoria, Australia: Cengage Learning)

Articles on Moodle:

  • Galagedera, D. U. A. (2018). Modelling superannuation fund management function as a two-stage process for overall and stage-level performance appraisal. Applied Economics, 50(22), 2439-2458.

Events and Submissions/Topic


Review/Exam Week Begin Date: 10 Jun 2019

Module/Topic

Exam preparation.

Chapter

Events and Submissions/Topic

Exam Week Begin Date: 17 Jun 2019

Module/Topic

All the best for the exams and your futures.

Chapter

Events and Submissions/Topic

Term Specific Information

For Assessment 1 students will be introduced to the basic workings of XPlan web-based software and be expected to complete some of the Assessment tasks within XPlan. Learning XPlan is a self-study exercise using the available resources (YouTube videos, help guides and tutorials) placed on Moodle to assist. Your lecturer is also available to help guide the learning of XPlan software if asked during the term.

Assessment Tasks

1 Practical Assessment

Assessment Title
PRACTICAL ASSESSMENT: Superannuation and Wealth Planning

Task Description

This is an individual assessment.

Important detailed information for your assessment is on the Moodle site.


Before you begin, please read the:

  • instructions for completing and submitting your assessment.
  • case study background.

Task requirements:

  1. Identify the client's objectives, needs and financial situation by reviewing the case study background and fact find information provided. Input this information into XPlan software and download the created Fact Find document.
  2. Analyse and score the risk profile of the client within the context of the client's objectives, needs and financial situation.
  3. Using the reflective questions, develop and document appropriate superannuation and retirement strategies, as well as recommendations to achieve the client's goals.
  4. Conductin financial modelling in either the financial planning software XPlan, Microsoft-Excel and/or related software [Links to XPlan login is available to you via Moodle].
  5. Prepare a written Statement of Advice using the template provided.
We provide:
  1. Login details to Xplan
  2. Fact find information assumedly obtained during a meeting with the client.
  3. Risk profile information of the client.
  4. Reflective questions to assist in the analysis phase of the financial planning process. Here you ware expected to provide in-text references from financial planning literature and websites of the sources of your information you ave used to justify you recommendations.
  5. Statement of Advice template to create your recommendations to the client.

This is a practical assessment dealing with real world financial planning clients' superannuation and retirement needs. Please start this assessment as soon as possible, because for some of you it will require learning numerous new skills. Learning how to use new software [for instance, XPlan] may need sometime and practice. Your lecturer is available via Facebook Closed Group, Moodle discussion forum and Q&A forum, and mobile phone messaging, as well as email to address any concerns or difficulties during the term as you work on your Assessment. Please refer to Moodle and download all three files relating to this Assessment’s requirements. Please read these long documents carefully.

Importantly, please make a concerted effort to engage with your lecturer as soon as you are finding yourself struggling through the course materials and/or assessment tasks. Also if any personal matters are interfering with progress in your studies, please contact your lecturer so that she can support you as per CQU policies and procedures to ensure you succeed in this unit.


Assessment Due Date

Week 10 Wednesday (22 May 2019) 12:00 am AEST

Submission via Moodle


Return Date to Students

Week 12 Wednesday (5 June 2019)

Feedback via Moodle


Weighting
50%

Assessment Criteria

Find on Moodle a comprehensive marking criteria sheet. We award marks for:

  1. Completing and downloading in Microsoft-Word format the Fact Find within the context of the client's objectives, needs and financial situation in XPlan.
  2. Scoring the client’s risk profile within XPlan and incorporating this information in your financial plan (Statement of Advice).
  3. Documenting reflective answers in Microsoft-Word to demonstrate critical in-depth analysis, plus effective use of the calculation and software tools to underpin the investment and managed fund recommendations.
  4. Statement of Advice completion using the Microsoft-Word template provided.


Referencing Style

Submission
Online

Submission Instructions
Your assessment 1 comprise three separate WORD files as per the Assessment Criteria List above that is to be uploaded one at a time and submitted together once at the same time.

Learning Outcomes Assessed
  • Analyse the problems affecting superannuation wealth in Australia and the impact on providing advice
  • Construct investment portfolios using domestic and international financial products to solve wealth planning problems
  • Calculate superannuation and wealth planning outcomes using financial planning software and tools
  • Assess the financial investment values and capacities of a wide range of clients in the development of wealth plans.


Graduate Attributes
  • Knowledge
  • Communication
  • Cognitive, technical and creative skills
  • Research
  • Self-management
  • Ethical and Professional Responsibility

Examination

Outline
Complete an invigilated examination

Date
During the examination period, at a CQUniversity examination centre

Weighting
50%

Length
180 minutes

Details
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Closed Book
Academic Integrity Statement

As a CQUniversity student you are expected to act honestly in all aspects of your academic work.

Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.

When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.

Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.

As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.

What is a breach of academic integrity?

A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.

Why is academic integrity important?

A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.

Where can I get assistance?

For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.

What can you do to act with integrity?