Course Title: Comply with financial planning practice ethical and operational guidelines and regulations

Part A: Course Overview

Program: C5261

Course Title: Comply with financial planning practice ethical and operational guidelines and regulations

Portfolio: BUS

Nominal Hours: 50.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T TAFE Business

Distance / Correspondence or Face-to-Face or Internet

Term2 2012

Course Contact: Michael Elliot

Course Contact Phone: +61 3 9925 5519

Course Contact Email:

Course Description

This course address the financial planning industry and its controlling mechanisms - code of practice, regulations and legislation. It looks at ethical behaviour, organisational operation guidelines and codes of practice from major industry associations. It also examines spreadsheets and how to represent data in a graphical form.

If you are undertaking this course in Melbourne from semester 2, 2012 onwards your teacher will advise you if you require access to a computer for the course. It is recommended that you have access to a mobile computing device to allow greater flexibility in terms of where you can work on campus outside class times.

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no pre-requisites to this course but it is co-delivered with:

FNSINC401A   Apply principles of Professional Practice to work in Fin Services Industry
FNSFPL506A  Determine client requirements and expectations
BSBITU402A   Develop and use complex spreadsheets
FNSCUS505A Determine client requirements and expectations
FNSCUS506A Record and implement client instructions

National Competency Codes and Titles

National Element Code & Title:

FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations


Apply standards of ethical behaviour

Identify and comply with legislative and regulatory requirements

Identify and comply with organisational operation guidelines

Represent numerical data in graphic form

Use spreadsheets

Learning Outcomes

On completion of this module you will be understand the regulations, legislation and codes of practice which apply to the financial services industry.  You will also have knowledge of how data is graphically represented.

Overview of Assessment

Assessment may incorporate a variety of methods including written tests, group assignment and final assessment.

Tests are both open and closed book and consist of practical exercises and short answer questions.

The group assignment requires students to research the role and function of a financial institution or a major contemporary issue relating to the financial system and of concern to consumers.

Students are advised they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.

Assessments are based around a graded assessment model whereby students are assessed as being competent in knowledge and skills relevant to the course before being graded as pass, credit, distinction or higher distinction.