Course Title: Comply with financial planning practice ethical and operational guidelines and regulations
Part B: Course Detail
Teaching Period: Term1 2013
Course Code: BAFI5193C
Course Title: Comply with financial planning practice ethical and operational guidelines and regulations
School: 650T TAFE Business
Campus: City Campus
Program: C5317 - Diploma of Financial Planning
Course Contact : Michael Elliot
Course Contact Phone: +61 3 9925 5519
Course Contact Email:michael.elliot@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Michael Elliot
+61 3 9925 5519
michael.elliot@rmit.edu.au
Building 80, Level 5
Nominal Hours: 50
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.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the performance outcomes, skills and knowledge required to comply with ethical and operation guidelines in one’s own work.
It does not include responsibility to provide guidance to others on the application of regulatory ethical and organisational guideline requirements.
This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC).
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
FNSFPL501A Comply with financial planning practice ethical and operational guidelines and regulations |
Element: |
1. Identify and comply with legislative and regulatory requirements |
Performance Criteria: |
1.1. Sources of information on legislative, regulatory and industry codes of practice requirements are identified and complied with |
Element: |
2. Apply standards of ethical behaviour |
Performance Criteria: |
2.1. Principles and standards of ethical behaviours are identified from training, peers, industry codes of practice and organisation guidelines |
Element: |
3. Identify and comply with organisational operation guidelines |
Performance Criteria: |
3.1. Operation guidelines are identified and applied to own work with updates checked regularly |
Learning Outcomes
Details of Learning Activities
This unit is delivered using a blend of classroom based and self -paced learning activities.
Teaching Schedule
Teaching Schedule The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities. | |||
Week | Week Commencing | Topics | Assessment |
1 | 11th Feb | Pre-training review: • RPL /LLN Familiarisation with: • Program • Services/facilities • Other students • Teacher(s) • Where to get support • Student responsibilities • Course requirements • Course support documents • Pre-reading • Blackboard • Overview of assessment requirements • Grading • Plagiarism • Appeals • Extensions • Feedback • Privacy • Submission requirements • Resubmission policy Financial Services Industry – Module 1- Chapter 1 Spreadsheet exercises |
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2 | 18th Feb | Spreadsheet exercises Financial Services Industry – Module 1- Chapter 1 |
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3 | 25th Feb | Financial Services Industry – Module 1- Chapter 2 | Assessment on Topics from weeks 1 and 2 Excel Activity Questions Grading (CA/NYC) |
4 | 4th March | Financial Services Industry – Module 1- Chapter 2 continued |
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5 | 11th March | Financial Services Industry – Module 1- Chapter 3 | |
6 | 18th March | Financial Services Industry – Module 1- Chapter 3 continued |
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7 | 25th March | Financial Services Industry – Module 1- Chapter 4 | 27th (Wednesday)last day of teaching before Easter break. Classes resume Thursday 4th of April |
Mid semester break (28th March to 3rd April) | |||
8 | 8th April | Financial Services Industry – Module 1- Chapter 4 Continued Financial Services Industry – Manage Client Services- Chapter 1 |
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9 | 15th April | Financial Services Industry – Manage Client Services- Chapter 2 | |
10 | 22nd April | Financial Services Industry – Manage Client Services- Chapter 3 | |
11 | 29th April | Financial Services Industry – Manage Client Services- Chapter 4 | |
12 | 6th May | Financial Services Industry – Manage Client Services- Chapter 5 Introduction to Role Plays (This is outlining the assessment) |
Final Role Play Assessment discussion With teacher |
13 | 13th May | Introduction to Role Plays (This is outlining the assessment) | Final Role Play Assessment Practice With teacher |
14 | 20th May | Completion of role Plays and Final assessment review and Discussion | Continued as per above (CA/NYC) |
15 | 27th May | Assessment 3 – (CA/NYC) (From Topics covered in Weeks 3 to Weeks 14) |
(CA/NYC) |
16 | 3rd June | Re-submissions if required | |
17 | 10th June | Feedback |
Learning Resources
Prescribed Texts
References
Other Resources
Lecture and tutorial notes are on blackboard and various readings if applicable.
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check their progress
Assessment Tasks
Assessment Tasks
You are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.
TASK 1 ( Week 3)
This will be developing an excel spreadsheet. CA/NYC
TASK 2 CA/NYC
A Role Play as a client/adviser assessment on risk management.
TASK 3 (Week 15) CA/NYC
A two hour open book assessment covering Topics covered in Weeks 3 to Weeks 14
Assessment Matrix
Other Information
This competency is co delivered with:
BSBITU402A: Develop and use Complex Spreadsheets
FNSFPL506A: Determine requirements and expectations
FNSCUS505A: Determine requirements and expectations
FNSCUS506A: Record and Implement client instructions
Course Overview: Access Course Overview