AYN442 Superannuation and Wealth Management
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYN442 |
|---|---|
| Prerequisite(s): | 48cp of completed study in EFN or AYN units |
| Equivalent(s): | AYQ442 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| Domestic tuition unit fee | $4,092 |
| International unit fee | $4,584 |
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYN442 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 48cp of completed study in EFN or AYN units |
| Equivalent: | AYQ442 |
| Assumed Knowledge: | Nil |
| Coordinator: | Laura De Zwaan | laura.dezwaan@qut.edu.au |
Overview
Mandatory superannuation savings combined with the expansion of superannuation fund and investment choice has also increasingly shifted investment decision-making to superannuation fund members. Superannuation has become an almost universal benefit affecting virtually every business and employee. However, the superannuation system is complex and subject to a broad range of regulation governing all facets of the operations of the superannuation industry. This unit extends students' foundational accounting and financial planning knowledge to encompass the Australian superannuation system and the regulatory framework under which it operates. Knowledge and understanding of superannuation is important to financial planning and accounting graduates, particularly if they will be involved with the provision of superannuation advice to clients or employers, administration or auditing of superannuation funds.
Learning Outcomes
On successful completion of this unit you will be able to:
- Analyse and synthesise financial data to inform decision making about superannuation and estate planning in a variety of contexts.
- Exercise critical thinking, evaluation and judgement in addressing client problems and providing advice on superannuation and estate planning issues.
- Communicate in written and oral forms to clearly and professionally structure and present ideas, judgements and opinions.
- Demonstrate and apply knowledge of regulatory frameworks to superannuation and estate planning issues.Relates to: PG Business Capabilities: SE (5.1)
Content
This unit commences with an overview of the superannuation industry in the context of the Australian government's retirement incomes policy and the regulatory structure governing the operation of the superannuation system. Detailed examination of specific issues will follow, including:
- Structure of the Australian superannuation system and alternative types of superannuation benefits and fund structures
- Governance of superannuation funds
- Superannuation fund disclosure and reporting requirements
- Investment strategies and member choice
- Superannuation contributions, benefits and taxation issues
- Self-managed superannuation funds
- Estate planning
The generic capabilities this unit develops are:
- Critical thinking and judgement,
- Analysis and synthesis of financial and regulatory data, and
- Written communication skills.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Weekly classes will take the form of a three hour seminar. Students are expected to read all the material prescribed for the topic each week, prepare written answers to workshop questions and participate in class discussions of the relevant issues.
Workshops are designed to cover the most important aspects of each topic and they provide an excellent method for determining whether or not you have properly grasped the material. They also give you experience in answering both conceptual and applied questions for examination purposes. If done properly in the first instance and upgraded at a later date, they constitute very useful material for revision purposes. The content and teaching strategies also relate to the development of particular undergraduate capabilities.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes for both Discipline Knowledge and Other Undergraduate Capabilities. Assessment has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Note: Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Presentation
Students will present a research presentation on a current superannuation and estate planning related topic.
Formative or Summative: Formative and Summative
Optional or Compulsory: Compulsory
Business Capabilities (AoL goals): HO (2.1), PC (3.2), SE (5.1)
Assessment: Research Project
Students will undertake an individual research project focused on contemporary superannuation and estate planning issues and cases.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.2), PC (3.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Examination
The final exam will consist of a mixture of conceptual and applied questions drawn from topics covered during the semester.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Australian Master Superannuation Guide available through CCH Online, which can be accessed via the QUT Library
Other
Readings will be assigned each week and will be available through QUT Readings on the unit's Canvas site.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO2, Presentation, Final Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Research Project
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, Final Examination
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Research Project
PC (3.2): Professional Communication (Oral)
Relates to: ULO3, Presentation
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, ULO4, Presentation, Research Project, Final Examination
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
Relates to: ULO1, ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO2 - Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
Relates to: ULO3 - Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
Relates to: ULO2, ULO4
Unit Outline: Semester 2 2024, Online
| Unit code: | AYN442 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | 48cp of completed study in EFN or AYN units |
| Equivalent: | AYQ442 |
| Assumed Knowledge: | Nil |
Overview
Mandatory superannuation savings combined with the expansion of superannuation fund and investment choice has also increasingly shifted investment decision-making to superannuation fund members. Superannuation has become an almost universal benefit affecting virtually every business and employee. However, the superannuation system is complex and subject to a broad range of regulation governing all facets of the operations of the superannuation industry. This unit extends students' foundational accounting and financial planning knowledge to encompass the Australian superannuation system and the regulatory framework under which it operates. Knowledge and understanding of superannuation is important to financial planning and accounting graduates, particularly if they will be involved with the provision of superannuation advice to clients or employers, administration or auditing of superannuation funds.
Learning Outcomes
On successful completion of this unit you will be able to:
- Analyse and synthesise financial data to inform decision making about superannuation and estate planning in a variety of contexts.
- Exercise critical thinking, evaluation and judgement in addressing client problems and providing advice on superannuation and estate planning issues.
- Communicate in written and oral forms to clearly and professionally structure and present ideas, judgements and opinions.
- Demonstrate and apply knowledge of regulatory frameworks to superannuation and estate planning issues.Relates to: PG Business Capabilities: SE (5.1)
Content
This unit commences with an overview of the superannuation industry in the context of the Australian government's retirement incomes policy and the regulatory structure governing the operation of the superannuation system. Detailed examination of specific issues will follow, including:
- Structure of the Australian superannuation system and alternative types of superannuation benefits and fund structures
- Governance of superannuation funds
- Superannuation fund disclosure and reporting requirements
- Investment strategies and member choice
- Superannuation contributions, benefits and taxation issues
- Self-managed superannuation funds
- Estate planning
The generic capabilities this unit develops are:
- Critical thinking and judgement,
- Analysis and synthesis of financial and regulatory data, and
- Written communication skills.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
Weekly classes will take the form of a three hour seminar. Students are expected to read all the material prescribed for the topic each week, prepare written answers to workshop questions and participate in class discussions of the relevant issues.
Workshops are designed to cover the most important aspects of each topic and they provide an excellent method for determining whether or not you have properly grasped the material. They also give you experience in answering both conceptual and applied questions for examination purposes. If done properly in the first instance and upgraded at a later date, they constitute very useful material for revision purposes. The content and teaching strategies also relate to the development of particular undergraduate capabilities.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the learning outcomes for both Discipline Knowledge and Other Undergraduate Capabilities. Assessment has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Note: Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Presentation
Students will present a research presentation on a current superannuation and estate planning related topic.
Formative or Summative: Formative and Summative
Optional or Compulsory: Compulsory
Business Capabilities (AoL goals): HO (2.1), PC (3.2), SE (5.1)
Assessment: Research Project
Students will undertake an individual research project focused on contemporary superannuation and estate planning issues and cases.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.2), PC (3.1), SE (5.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: Final Examination
The final exam will consist of a mixture of conceptual and applied questions drawn from topics covered during the semester.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Australian Master Superannuation Guide available through CCH Online, which can be accessed via the QUT Library
Other
Readings will be assigned each week and will be available through QUT Readings on the unit's Canvas site.
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
QUT Business Capabilities (Postgraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, ULO2, Presentation, Final Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Research Project
KS (1.1): Discipline and Professional Practice Knowledge
Relates to: ULO1, Final Examination
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Research Project
PC (3.2): Professional Communication (Oral)
Relates to: ULO3, Presentation
SE (5.1): Ethical and Legal Understanding
Relates to: ULO2, ULO4, Presentation, Research Project, Final Examination
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS79 Graduate Diploma in Business
- Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
Relates to: ULO1 - Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
Relates to: ULO1, ULO2 - Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Relates to: ULO2 - Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
Relates to: ULO3 - Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
Relates to: ULO2, ULO4