Course Title: Superannuation and Retirement

Part A: Course Overview

Course Title: Superannuation and Retirement

Credit Points: 12.00


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT2286

City Campus

Undergraduate

615H Accounting

Face-to-Face

Sem 1 2017

Course Coordinator: Associate Professor Abdullahi Ahmed

Course Coordinator Phone: +61 3 9925 1542

Course Coordinator Email: Abdullahi.ahmed@rmit.edu.au

Course Coordinator Location: Melbourne City Campus


Pre-requisite Courses and Assumed Knowledge and Capabilities

 

You are recommended to have completed the following course(s) or have equivalent knowledge before starting this unit:

  • BAFI2040 Personal Wealth Management or ACCT1018 Financial Planning

 


Course Description

 

In this course you will explore retirement planning with a particular focus on the role of superannuation in Australia. The course will include a comprehensive study of superannuation funds, funding process, benefit structures, regulatory framework, investment decisions, taxation issues and administration requirements. Also included will be a consideration of the different forms of retirement income planning in the economy and issues, which impact on retirees at different stages of their life.
The course is listed on the ASIC Register of Compliant Training as meeting the requirements for superannuation specialist knowledge under Regulatory Guide 146 and is also worth 15 Continuing Professional Development (CPD) points for membership of professional bodies such as the Financial Planning Association.


This course includes a Work Integrated Learning (WIL) experience in which your knowledge and skills will be applied and assessed in a real simulated workplace context and where feedback from industry and/or community is integral to your experience.

 


Objectives/Learning Outcomes/Capability Development

 

On successful completion of this course you will be able to:

 

  1. Compare the different types of superannuation and superannuation funds available in Australia and the benefits to the economy and society.
  2. Assess the regulatory environment in which the superannuation system operates and the impact of the various regulatory bodies on the financial planning industry.
  3. Analyse the various taxes applied to superannuation and compare tax treatments of deposits and withdrawals of funds from superannuation accounts.
  4. Examine the operation of self-managed superannuation funds and the role and obligations of superannuation fund trustees in Australia.
  5. Compare various investment options and strategies appropriate to retirees in the context of broader social and financial issues.

Use financial planning tools to assess clients’ individual retirement plans and address critical issues


 

Map each CLO against one or more PLOs

 

CLO1

CLO2

CLO3

CLO4

CLO5

CLO6

CLO7

CLO8

PLO1

ü   

 

 

 

 

 

 

 

PLO2

 

ü   

 

ü   

 

 

 

 

PLO3

 

 

ü   

 

 

 

 

 

PLO4

 

ü   

ü   

ü   

ü   

 

 

 

PLO5

 

ü   

 

 

ü   

 

 

 

PLO6

 

 

ü   

 

 

ü   

 

 

PLO7

ü   

 

ü   

ü   

 

 

 

 

PLO8

ü   

ü   

ü   

ü   

 

ü   

 

 

Please note: Undergraduate Collective PLOs  in the table below.  Not all PLOs are achieved in a single course.

PLO1

Apply a broad theoretical and technical knowledge of business practice in diverse contexts.

PLO2

Apply theoretical and technical knowledge to provide in-depth specialist and professional advice related to one or more disciplines...*

PLO3

Critically analyse and synthesise information to formulate effective business decisions.

PLO4

Apply reasoned judgements to solve problems in a variety of business contexts with reference to ethical, regulatory and global perspectives.

PLO5

Reflect on performance feedback to identify and action strategies for improvement.

PLO6

Communicate business data and concepts to professionals and non-professionals in diverse contexts.

PLO7

Apply an adaptive and collaborative approach to working with others in a variety of business and professional contexts

PLO8.1

Apply, and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts. **

PLO8.2

Apply and integrate professional theory with practice in authentic Work Integrated Learning (WIL) contexts, professional contexts and industry settings.***


Overview of Learning Activities

 

Your learning will be supported through various activities which may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; debating selected topics on discussion forums and producing written work.

 


Overview of Learning Resources

 

Various learning resources are available online through MyRMIT Studies\Blackboard. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

 

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian. Contact details for Business Liaison Librarians are located online on the RMIT library website.

 

Additional resources and/or sources to assist your learning will be made available to you as required during the teaching period.

 


Overview of Assessment

 

 

Assessment Tasks

 

Assessment Task 1: : On-line test                  10 per cent

 

 

Assessment Task 2: Work Integrated Learning (WIL) written report  –                                             50 per cent                     

 

 

Assessment Task 3: Final Examination           40 per cent

 

 

The assessment alignment table below shows the assessment tasks against the learning outcomes they develop.

 

Assessment

 

Course Learning Outcomes

CLO1

CLO2

CLO3

CLO4

CLO5

CL06

CLO7

CLO8

Task 1

X

X

 

 

 

 

 

 

Task 2

 

X

X

X

 

X

 

 

Task 3

X

X

X

 

X