Course Title: Conduct product research to support recommendations

Part B: Course Detail

Teaching Period: Term2 2014

Course Code: BAFI5194C

Course Title: Conduct product research to support recommendations

School: 650T TAFE Business

Campus: City Campus

Program: C5317 - Diploma of Financial Planning

Course Contact : Sam Tabit

Course Contact Phone: +61 3 9925 4166

Course Contact

Name and Contact Details of All Other Relevant Staff

Nominal Hours: 80

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


Course Description

This unit describes the performance outcomes, skills and knowledge required to carry out research by interpreting available information, analysing and reviewing research findings and activities to enable the determination of financial investment strategies and options.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSINC501A Conduct product research to support recommendations


1. Interpret available information and conduct research

Performance Criteria:

1.1. Timelines are established to meet research requirement deadlines

1.2. Relevant sources of information are identified accurately and consistently, and required information can be sourced and retrieved readily and promptly

1.3. Sources of research information and documentation are constantly reviewed to ensure currency and accuracy

1.4. Research findings logically flow from the interpretation of information available and are prepared in a detailed, clear, accurate and timely format


2. Analyse and review research findings and activities

Performance Criteria:

2.1. Research activities and outcomes are consistent with organisation policy and guidelines , confidentiality requirements, and with relevant legislation or industry codes of practice

2.2. Research findings and activities are analysed and reviewed to ensure accuracy and thoroughness

2.3. The adequacy of statutory disclosures is reviewed to maintain consistency and compliance

2.4. Feedback is regularly sought to monitor the effectiveness and appropriateness of research activities


3. Document research and distribute to relevant parties

Performance Criteria:

3.1. All research is checked to ensure compliance with organisation policy and guidelines, and with relevant legislation or industry codes of practice, and is authorised before release

3.2. Research is distributed to all relevant parties as required in a timely manner

3.3. Confirmation of receipt of research information is obtained where relevant in order to complete organisation records of compliance

Learning Outcomes

Details of Learning Activities

A range of learning activities are planned for this course including self-paced and collaborative classroom based activities. The self-paced activities will be delivered thought various technology platforms and include your contribution to wikis and discussion threads, reflective journals, quizzes and interactive sessions.

The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.

We expect you to participate and contribute in all scheduled learning activities.

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.


<thead> <th scope="col">Week</th> <th scope="col">Week Commencing </th> <th scope="col"> Topics                                                                                                                      </th> <th scope="col">Assessment                                                                </th> </thead>
17th of July
 Course requirements , Course support documents
• Blackboard , • Overview of assessment
requirements including RPF & credit
• Grading * Plagiarism
• Appeals *Extensions
• Feedback *Privacy
• Submission*Resubmission policy
• Where to get support
• Student responsibilities
Overview of Superannuation Industry • The Development of Superannuation in Australia
• Member Choice , • Participants in the
Superannuation Industry, • Long Term Growth Impact , • Asset Allocation , • Risk and Return Trade Off , • Investment Performance ,
• Investment Strategy/Restrictions
214th of July
 The Regulatory Framework •Superannuation Industry (Supervision) Act 1993
•Australian Prudential Regulatory ‘ Authority
•Australian Securities & Investments ,Commission
•The Australian Taxation Office ,•Authorised Representatives
321st of July The Regulatory Framework
•Superannuation Industry (Supervision)
Act 1993
•Australian Prudential Regulatory
•Australian Securities & Investments
•The Australian Taxation Office
•Authorised Representatives
428th of July Contributions to Superannuation
• Why Contribute to a Superannuation Fund
• Who can contribute?
• Types of Contributions
• Government Superannuation Co contribution for Low Income Earners
 Task 1 - Assessment : Due
54th of August Contributions to Superannuation Funds
• SGC the Rules
• Tax Treatment of Contributions
• Share dividend Imputation and
• Spouse Contribution Splitting
• Spouse Contributions
611th of August
 Withdrawals from Superannuation
• Payments Made as a Consequence of Termination of Employment
• Preservation ,• Access to Superannuation
• Conditions of Release of Superannuation Benefits • What is the Meaning of ‘Retirement’
• Employer Eligible Termination,Payments ETP’S
718th of August Withdrawals from Superannuation
•Superannuation Benefits ,•Taxation of superannuation pension ,benefits
•Untaxed Superannuation Schemes ,•Disability Payments ,•Transition to Retirement
825th of August Death Benefits, Estate &
Retirement Planning Issues
• Superannuation Death Benefits
• Death Benefit Nomination – The
Options ,• Taxation of death benefit
• Child Allocated Pensions (CAP)
• Superannuation and Marriage
Breakdown ,• Valid superannuation agreement
• Anti Detriment Payment
 Mid Semester Break Mid Semester Break 
98th of September Payment of Superannuation Benefits as Income Stream
Income Streams
• Planning for Retirement
• Government key objectives in
retirement planning
• Retirement Income stream products
• Account based income streams
• Non Account Based Income streams
• Term certain annuities & pensions
• Lifetime pensions annuities
• Account-based pensions & annuities
1015th of September Payment of Superannuation Benefits as Income Stream
• Term allocated income streams
• Transition to Retirement Income
Streams Comparison of different types
of Income Steam Products
• Income rules for account-based
pensions and Annuities ,• Calculating income requirement for
Products Prior 1 July 2007 & Post 1
July 2007,• Determining taxable component of
pensions & relevant tax offset
• Re-contribution strategy,• Social Security Assessment of Income


1122nd of September Social Security
• Treatment of Superannuation and
Rollover Investments,• Withdrawals from a Superannuation,Investment?
• Accessing Superannuation Money,before Retirement
1229th of September Self Managed Superannuation Fund
• Background to SMSFs
• What is an SMSF?
• Single Member Funds
• Small APRA Funds
• Who can establish an SMSF?
136th of October &#61607;Self Managed Superannuation Funds
&#61607; Advantages of SMSFs
&#61607;Where can an SMSF Invest
&#61607;Considerations in Planning for an SMSF
&#61607; Establishing a SMSF
&#61607;Risk Management Statement
&#61607;Investment Strategy
 Task 2  - Case Study : Due
1413th of October Revision Revision 3
1520th of October
1627th of October
 Feedback -Re-submissions if required Task 3 - In class Assessment


Learning Resources

Prescribed Texts


Other Resources

Other materials will be placed on the Blackboard and will be used when directed so by your teacher.

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

Co-delivered Courses:

This course is co-delivered with the following courses:

BAFI5190C Conduct financial planning analysis and research

BAFI 5195C Provide advice in superannuation

Critical aspects of assessment

Evidence of the fololowing is essential:

  • establish and meet required research deadlines
  • interpret andcomply with relevant legislative requirements
  • access and interpret available information accurately and comprehensively
  • comply with statutory disclosure requirements
  • document research findings concisely and clearly for distribution purposes.

 You are required to complete three tasks

You must successfully complete all three tasks to be deemed competent in this unit.

TASK 1 Assessment (Due Date: End of week 4)

For this Assessment Task you are required to demonstrate knowledge of the financial planning industry by completing a written task provided by your tutor.

TASK 2 - Group Case Study (Due Date: End of Week 13 )

For this assessment task you are required to research and develop strategies based on a case study covering topics covered in all subject areas, financial planning, insurance, superannuation and investments.

This is a group assessment.
TASK 3 - In - Class Assessment (Due Date: End of Week 16 )

For this assessment task you need to undertake a open book class based assessment that covers all the material covered this course.

This assessment will take place during  your normal class time.

Assessment Matrix

Other Information

Submission Requirements

You should:

  • Ensure that you submit assessments on or before the due date.
  • Always retain a copy of your assessment tasks. (hard copy and soft copy)
  • When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
  • Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.

More Information:
Form to use:

Where an extension of greater than seven days is needed, you must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.

More Information:;ID=g43abm17hc9w
Form to use:

Resubmissions (VET Programs):

If you are found to be unsuccessful in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:

More Information:;ID=7usdbki1fjf31

Marking Guide (Competency):

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

Final Grades table:

CHD  - Competent with High Distinction
CDI  - Competent with Distinction
CC  - Competent with Credit
CAG  - Competency Achieved – Graded
NYC  - Not Yet Competent
DNS  - Did Not Submit for assessment

Further information regarding the application of the grading criteria will be provided by your teacher.


Course Overview: Access Course Overview