FINC19016 - Retirement and Superannuation

General Information

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.


Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band 3
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 3 - 2019

Term 1 - 2020 Profile
Term 1 - 2021 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).

Assessment Overview

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. Examination 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%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 1 - 2019 : The overall satisfaction for students in the last offering of this course was 3.3 (on a 5 point Likert scale), based on a 64.29% response rate.

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: Student feedback
Setting a word limit on assessments would be better
If the course is re-offered, a word limit is to be imposed upon the assessment item.
Action Taken
Word limits were imposed in T1 2019.
Source: Student emails and survey feedback
Students were dissatisfied with deficiencies in the PowerPoint slides, learning resources and lecture recordings.
Redesign and renewing of the learning resources by prescribing new less technical learning resources, redoing the PowerPoint slides and recording new lectures using the new materials will be implemented.
Action Taken
Source: Student emails
Technical nature of learning XPlan software (financial planning) was too demanding within 12 weeks, while students were trying to also grasp technical unit content.
XPlan software will be voluntary rather than mandatory for assessments.
Action Taken
Source: Head of Financial Planning Programs and Student phone calls and emails
Professional practice standard learning materials are too technical and demanding and above the requirements of an undergraduate. Assessment workloads are unreasonable for undergraduate level work.
By redesigning the assessment to a reasonable amount of workloads, changing the textbook to be less technical and providing students with customised study guides should align the unit with undergraduate level requirements to meet the student learning objectives..
Action Taken
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explain contemporary retirement and superannuation issues
  2. Apply taxation and legal principles to long term wealth creation
  3. Explain issues relating to self-managed superannuation funds
  4. Construct pre and post strategic retirement plans.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Practical Assessment
2 - Examination
Alignment of Graduate Attributes to Learning Outcomes
Introductory Level
Intermediate Level
Graduate Level
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
Alignment of Assessment Tasks to Graduate Attributes
Introductory Level
Intermediate Level
Graduate Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8 9
1 - Practical Assessment
2 - Examination