Course Title: Provide advice in Financial Planning

Part B: Course Detail

Teaching Period: Term2 2012

Course Code: BAFI5189C

Course Title: Provide advice in Financial Planning

School: 650T TAFE Business

Campus: City Campus

Program: C5261 - Diploma of Financial Planning

Course Contact : Sam Tabit

Course Contact Phone: +61 3 9925 1446

Course Contact

Name and Contact Details of All Other Relevant Staff

Clem Simonetto: Senior Educator


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

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There are no pre-requisites to this course but it is co-delivered with:
FNSFPL503A Develop and prepare financial plan
FNSIAD501A Provide appropriate services, advice and products to clients
FNSFMK502A Analyse financial market products for client 




Course Description

This is the core course to the program as far as ASIC accreditation is concerned.

it’s aim is to tread a pathway through financial planning advice from client relationship to providing ongoing service.

The central theme to this course is analysing client’s financial needs, researching product and suppliers and recommending appropriate solutions.

The course also looks at transactions and document maintenance.

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.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSASICZ503A Provide advice in Financial Planning

Learning Outcomes

Details of Learning Activities

Completion To achieve the learning outcomes of the course students are required to participate in the learning activities listed below:
• Attendance at and note taking during teacher directed learning (scheduled classes);
• Reading of and note taking from the prescribed textbook and other references;
• Completion of tutorial exercises prior to each workshop. Tutorial exercises consist of practical problems, short answer questions, multiple choice, case studies and extension exercises;
• Attendance, participation and discussion in class (tutorials);
• Optional consultation with academic staff;

Teaching Schedule




Date                            Topic                                             Assessment      
 025th JuneIntroduction to Financial Planning

&#61607; The Concept of Financial Planning
&#61607; Personal Financial Statements,
&#61607; Establishing Financial Goals and
Time Frames,
&#61607; Risk and Return


 2nd July

Financial Planning Skills
Obtaining and Analysing Customer Data
&#61607; Financial mathematics
&#61607; Diversification


29th JulyIntroduction to Taxation
• Income Tax
• Capital gains Tax
• Goods and Services Tax
• Fringe Benefits Tax
• Tax Effective Structures.
Task 1-

Class based – Writing activity.

316th JulyManaged Investments

&#61607; Regulations
&#61607; Costs & Benefits
&#61607; Investment Techniques

423rd julyDirect Investments
• Financial Products, including:
o Cash and Fixed Interest
o Property
o Shares
o Alternative investments
5 30rd JulyStudent Study Week30 July - 6 Aug
66th AugustAnalysis of Share Investments
&#61607; Risk & Return
&#61607; CAPM
&#61607; Dividend Growth Model
713th AugustAnalysis of Share Investments

&#61607; Risk & Return
&#61607; CAPMl

820th AugThe Financial Planning Profession
&#61607; The Role of the Financial Planner

&#61607; The Steps in Preparing a Plan
&#61607; The Regulatory Environment
&#61607; The Legislative Environment
&#61607; Complaints Schemes
Codes of Ethics

Task 2 Handout- Individual Assessment
You will receive individual feedback. CA/ NCA
 Week 27th AugustMid semester break 
93rd SeptemberDevelopment of a Personal Plan
&#61607; The Statement of Advice
&#61607; Ethical Considerations
&#61607; Effective Communication
Planning for Implementation
10 10th  SeptemberDevelopment of a Personal Plan

&#61607; The Statement of Advice
&#61607; Ethical Considerations
&#61607; Effective Communication
&#61607; Planning for Implementation

11 17th SeptemberSocial Security
&#61607; Eligibility – Means Test
&#61607; Assets Test
&#61607; Deeming
1224th SeptSocial Security
• Eligibility – Strategies to achieve benefits
• Discussing Individual Needs
• Types of Benefits
Task 2 – Due – 24 September
131st Oct&#61607; Estate Planning
&#61607; Wills & Probate
&#61607; Taxation
&#61607; Power of Attorney
148th October• Estate Planning
• Intestacy
• Trusts
• Structures
&#61607; Estate/Non estate assets
1515th tOctRevision 
1622nd OctoberFinal Assessment


Assessment Task 3- In Class closed book

1729th OctoberFeedback & Re-submissions if required 

Learning Resources

Prescribed Texts

Students have access to RMIT’s Financial Planning Course Notes that will be utilised throughout the semester for class work and self study purposes. These can be downloaded from Blackboard.


Other Resources

Students have acces to Blackboard which includes:

1- Online activities

2- Self paced learning

3- Readings

4- Course material and external resources to access

Overview of Assessment

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

Tests are closed book and consist of multiple choice, 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 that 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.

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 (Due Date: In class week 3)

For this Assessment Task you are required to sit a demonstrate knowledge of the financial planning industry by completing a number of short answer and multiple choice questions. This task will be Class based on Writing activity.


TASK 2 (Due Date: End of Week 10)

For this assessment task you are required to research and develop strategies based on a case study covering topics covered in from week 1 to week 9. This is an individual assessment.

TASK 3 (Due Date: End of Week 16)

For this assessment task you need to undertake a closed book class based assessments based on all material covered and element in this unit.


Assessment Matrix

Students will be provided of assessments that are linked to the elements for this unit of competency.

Other Information

Submission Requirements

Assessment tasks need to be submitted via Blackboard.

You should:
• Ensure that you submit assessments on or before the due date. If your performance in the assessment is affected by unexpected circumstances, you should consider applying for Special Consideration. Information on the process and application forms is available at;ID=ls0ydfokry9rz website.
• 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 work for assessment 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.

Turnitin Assignment Software for submissions

Before handing in an assignment students are required to also submit their assessment through the turnitin software before final submission to the teacher. The teacher will provide more information and login details during the semester.

Marking Guide (competency):

Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.

You need to demonstrate you are competent in each element of the unit of competency you are studying.

You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.

Please refer to the Final Grades table below.

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.

The grading is according to the following criteria:


We are looking for a high level of ability to complete all tasks independently as per the specifications as well as demonstrating a high level of initiative in your approach to developing and maintaining an OHS system.


We are looking for depth of understanding of the key concepts and knowledge required in managing an OHS system. You should be able to demonstrate a thorough understanding of all applicable OHS legislative requirements in all the assessment tasks.


We are looking for appropriate use of technology to assist in presenting all tasks clearly and suitable for the intended audience. You also need to show an understanding of the kinds of problems that can arise in managing OHS systems and how these might be addressed.


We expect to see ongoing uploading of information into Pebble Pad that is relevant to the unit, full utilisation of Pebble Pad and Blackboard as per course requirements and timely submission of all required assessment tasks.


We expect to see contributions to relevant discussions and scheduled Collaborate sessions. In addition your tasks should demonstrate a very good understanding of strategies for a collaborative approach to OHS management in the workplace.
Final Grades table:

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent

Course Overview: Access Course Overview