Course Title: Financial Planning Regulatory Obligations

Part A: Course Overview

Course Title: Financial Planning Regulatory Obligations

Credit Points: 12.00


Course Code




Learning Mode

Teaching Period(s)


City Campus


615H Accounting


Sem 2 2020

Course Coordinator: Sarah Hinchliffe

Course Coordinator Phone: +61 3 9925 9644

Course Coordinator Email:

Course Coordinator Location: Melbourne City, CBD

Course Coordinator Availability: Appointment via email

Pre-requisite Courses and Assumed Knowledge and Capabilities


Course Description

This course addresses the education and training standard that financial planners and advisers are required to meet under subparagraph 921B(2)(a) of the Corporations Act 2001 (Cth).  

In this course, students will be introduced to the six-step financial planning process, the legal framework financial planning operates under and personal financial advice is delivered, and the professional also ethical responsibilities of financial planners and financial advisers.  

This course incorporates a comprehensive examination of the AML/CTF regulatory environment. Students will gain an appreciation and knowledge of legal requirements for the financial advisor, comprising: privacy legislation, SoA requirements under Chapter 7 of the Corporations Act 2001 (Cth), introduction to Superannuation law and related tax law statutory requirements relevant to the financial advisor, this course will also expose students to the importance of the client-adviser relationship from both an ethical and professional standard, with a focus on appropriate client engagement, and acting in the clients’ best interests (including an examination of RG 175). 

Through the use of practical case-studies and chronological web-based module learning, this course adopts an integrated framework and innovative approach that provides students with the opportunity to correctly identify, analyse and resolve financial planning issues that they may encounter in client matters. The module-based integrated framework that this course adopts prepares students with industry-ready skills to then develop financial plans designed to assist clients to achieve their financial goals and improve their "financial health". This is examined in the final comprehensive intensive-based assessment.  

Objectives/Learning Outcomes/Capability Development


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


  1. Synthesise a body of knowledge that includes an understanding of the financial planning process, its legal and economic environment and recent legislative changes in financial planning.
  2. Apply research techniques to gather client financial data, establish client goals and priorities and to demonstrate advanced communication skills in the client-adviser context.
  3. Synthesise and apply technical knowledge that complies with regulatory and legal obligations.
  4. Interpret and communicate financial planning information and strategies with professionals and clients.





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\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

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

Overview of Assessment


The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 25%
Linked CLOs: 1

Assessment Task 2: 35%
Linked CLOs: 1, 2, 3, 4

Assessment Task 3: 40%
Linked CLOs: 1, 2, 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.