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
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
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 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
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.
- Apply key concepts in prudential supervision of Australian superannuation and apply to a diverse range of superannuation accumulation and withdrawal problems
- 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.
This unit has been designed to conform to the accreditation requirements of the Financial Planning Education Council.
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
Australian Superannuation Handbook 2018-19
Edition: 77th (2019)
Authors: Stuart C Jones
Thomson Reuters
Sydney Sydney , NSW , Australia
ISBN: 9780864698339
Binding: Paperback
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
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- XPlan software to complete Practical Assessment 1
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.
a.mcinnes@cqu.edu.au
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
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
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
Module/Topic
Chapter
- 13,14, 15, 16, 18, 19 & 20 (Jones, 2018/2019)
- 11 (McKeown, Kerry, Olynyk, pp 381-382; 400-424)
Events and Submissions/Topic
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
Module/Topic
Complete assessment task
Chapter
Events and Submissions/Topic
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
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
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
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
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
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
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
Module/Topic
Exam preparation.
Chapter
Events and Submissions/Topic
Module/Topic
All the best for the exams and your futures.
Chapter
Events and Submissions/Topic
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.
1 Practical Assessment
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:
- 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.
- Analyse and score the risk profile of the client within the context of the client's objectives, needs and financial situation.
- Using the reflective questions, develop and document appropriate superannuation and retirement strategies, as well as recommendations to achieve the client's goals.
- 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].
- Prepare a written Statement of Advice using the template provided.
- Login details to Xplan
- Fact find information assumedly obtained during a meeting with the client.
- Risk profile information of the client.
- 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.
- 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.
Week 10 Wednesday (22 May 2019) 12:00 am AEST
Submission via Moodle
Week 12 Wednesday (5 June 2019)
Feedback via Moodle
Find on Moodle a comprehensive marking criteria sheet. We award marks for:
- Completing and downloading in Microsoft-Word format the Fact Find within the context of the client's objectives, needs and financial situation in XPlan.
- Scoring the client’s risk profile within XPlan and incorporating this information in your financial plan (Statement of Advice).
- 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.
- Statement of Advice completion using the Microsoft-Word template provided.
- 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.
- Knowledge
- Communication
- Cognitive, technical and creative skills
- Research
- Self-management
- Ethical and Professional Responsibility
Examination
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
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?
