Course Title: Conduct product research to support recommendations

Part B: Course Detail

Teaching Period: Term2 2015

Course Code: BAFI5194C

Course Title: Conduct product research to support recommendations

School: 650T Vocational Business Education

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:

<font size="3"><font face="Times New Roman">1.1. Timelines are established to meet research requirement deadlines<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">1.2. Relevant sources of information are identified accurately and consistently, and required information can be sourced and retrieved readily and promptly<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">1.3. Sources of research information and documentation are constantly reviewed to ensure currency and accuracy</font></font>

<font size="3"><font face="Times New Roman"><o:p>1.4 Research findings logically flow from the interpretation of the information available and are  prepared in a detailed, clear, accurate and timely format</o:p></font></font>



2. Analyse and review research findings and activities

Performance Criteria:

<font size="3"><font face="Times New Roman">2.1. Research activities and outcomes are consistent with organisation policy and guidelines, confidentiality requirements, and with relevant legislation or industry codes of practice<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">2.2. Research findings and activities are analysed and reviewed to ensure accuracy and thoroughness<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">2.3. The adequacy of statutory disclosures is reviewed to maintain consistency and compliance</font></font>

<font size="3"><font face="Times New Roman"><o:p>2.4.Feedback is regularly sought to monitor the  effectiveness and appropriateness of research activities</o:p></font></font>



3. Document research and distribute to relevant parties

Performance Criteria:

<font size="3"><font face="Times New Roman">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<o:p></o:p></font></font>

<font size="3"><font face="Times New Roman">3.2. Research is distributed to all relevant parties as required in a timely manner</font></font>

<font size="3"><font face="Times New Roman"><o:p>3.3 Confirmation of receipt of research information is obtained where relevant in order to complete organisation records of compliance</o:p></font></font>

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

Induction Session

Prior to training commencement a program level induction session will be conducted that comprises the following:

  • Program overview and requirements
  • MyRMIT/Blackboard
  • Overview of assessment requirements
  • Pre-training Review including: Recognition of Prior Learning and Credit Transfers and Assessment of current skills and knowledge
  • Competency/grading criteria
  • Plagiarism
  • Appeals
  • Extensions
  • Feedback
  • Privacy
  • Submission Requirements
  • Resubmission policy
  • Where to get support
  • Student responsibilities

PLEASE NOTE: The teaching scheduled may be subject to change. Students will be advised via the Blackboard and student email of any changes

<thead> <th scope="col">Week</th> <th scope="col">Week Commencing</th> <th scope="col"> Topics                                                                                                                      </th> <th scope="col">Assessment                                                                </th> </thead>
16 July

Introduction to Financial Planning

  • The concept of Financial Planning
  • Personal financial Statements 
  • Establishing Financial Goals and Time Frames 
  • Risk and Return 
Assessment Task 1 - distributed to students - due week 4
213 July

Financial Planning skills Obtaining and  Analysing Customer Data

  • Financial Mathematics
  • Diversification


320 July Introduction to Taxation 
  • Income Tax
  • Capital Gains Tax 
  • Goods and Services Tax 
  • Fringe Benefits Tax
  • Tax Effective Structures
427 July

Managed Investments

  • Regulations
  • Costs & Benefits
  • Investment Techniques
 Task 1 - Assessment due
53 August Direct Investments
Financial Products including:
  • Cash and Fixed Interest
  • Property
  • Shares
  • Alternative Investments


Assessment Task 2 - Case Study - handout
Feedback will be given in week 12


610 August  Analysis of Share Investments
  • Risk & Return
  • CAPM
  • Dividend Growth Model
717 August The Financial Planning Profession
  • The role of the financial Planner
  • The Steps in Preparing a Plan
824 August

 The Financial Planning

  • The Role of the Financial Planner
  • The Regulatory Environment 
 31 Aug - 6 Sept Mid Semester Break 
97 SeptemberDevelopment of a Personal Plan
  • The Statement of Advice
  • Ethical Considerations
  • Effective Communication
  • Planning for Implementation 
1014 September

 Development of a Personal Plan

  • The Statement of Advice
  • Ethical Considerations
  • Effective Communication
  • Planning for Implementation 
1121 September Social Security 
  • Eligibility - Means Test
  • Assets Text
  • Deeming 
 Task 2 - Case Study Due
1228 September Social Security
  • Eligibility - Strategies to achieve benefits
  • Discussing Individual needs
  • Types of Benefits
Feedback for Case Study Assessment Task 2.
135 October
  • Estate Planning
  • Wills & Probate
  • Taxation
  • Power of Attorney
1412 October Revision 
1519 October  Test Task 3 - In class Assessment Due
1626 October Feedback -Re-submissions if required 

Students will be provided with feedback throughout the semester.

Learning Resources

Prescribed Texts

Financial Planning in Australia - 2015 Essentials Edition by Taylor, S.; Juchau R.; Seymour, E.; Cull, M.; Colley, G.; Monahan, R.; Perkins, J.; Griffin, R., 2014        - ISBN: 9780409339710


RMIT superannuation manual can be also accessed on Blackboard.  this will be used in conjunction with the prescribed text book.

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 research

Critical aspects of assessment

Evidence of the fololowing is essential:

  • establish and meet required research deadlines
  • interpret and comply 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 - In Class Assessment - Due week 4
For this Assessment Task you are required to demonstrate your knowledge by completing of the financial industry by completing a number of short answer and multiple choice questions.  This task will be class based on a writing activity.

Task 2 – Case Study - Due Week 11
Case study comprises of Part A( Knowledge Component) and Part B Case study presentation skills component.

Part A of the assessment task you are required to research and develop strategies based on a case study covering topics you from week 1 to week 10.  Part A is group work.

Part B is an individual assessment of the successful completion of part A Knowledge based group work.  Task 2 is a group assessment  and the progress of work can be monitored using Google shared drive.

Task 3 - Due week 15
For thisassessment task you need to undertake an open book in class assessment based on all the material covered in this course weeks 1 - 14.

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