School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for Semester 1 2020 Units. Students will be notified of all approved modifications by Unit Coordinators via email and Unit Blackboard sites. Where changes have been made, these are designed to ensure that you still meet the unit learning outcomes in the context of our adjusted teaching and learning arrangements.

  • Unit Title

    Superannuation and Retirement Planning
  • Unit Code

    ECF3211
  • Year

    2020
  • Enrolment Period

    1
  • Version

    5
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Nader M.a. ATAWNAH

Description

This unit examines the process of planning for retirement within the Australian context. The focus is on accumulating sufficient funds to provide for an adequate income stream in retirement. Superannuation, as the basis of the majority of retirement savings and investment plans, is examined in detail. Topics include: savings and investment plans, retirement income streams, taxation issues, social security, estate planning, self-managed superannuation funds, and the structure and regulation of the superannuation industry. Recent developments in the profession and current changes to regulations are also examined.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Discuss the structure of the superannuation and retirement planning industry in Australia, including the regulatory environment.
  2. Implement financial calculations, income tax calculations, and apply the principles of risk and return to a broad range of superannuation and retirement planning scenarios.
  3. Analyse a broad range of realistic client scenarios to develop appropriate limited Statements of Advice.
  4. Discuss the main features of current issues affecting the superannuation and retirement planning industry, and their likely impacts on clients' financial plans.

Unit Content

  1. Superannuation and retirement planning in Australia
  2. Income tax
  3. Applications of superannuation to retirement planning
  4. Self-Managed Superannuation Funds
  5. Australia's Social Security system
  6. Aged Care and Estate Planning
  7. Statement of Advice
  8. Annuities and Investment Bonds
  9. Ethics in Financial Planning

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On campus students will attend classes on campus as well as engage in learning activities through ECU Blackboard. To maximise student engagement and opportunities for learning, some of the learning activities may be conducted in the form of webinars and or video conferencing; mirroring the way that business communicate and learn. Details of these activities where applicable are provided in the Unit Plan schedule. Online students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies. These may include the use of webinars, videoconferencing and/or online discussion board activities. Details of these activities where applicable where applicable are provided in the Unit Plan schedule.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentAssignment 120%
AssignmentAssignment 220%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
AssignmentAssignment 120%
AssignmentAssignment 220%
ExaminationFinal Examination60%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF3211|5|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

Please note that given the circumstances of COVID-19, there may be some modifications to the assessment schedule promoted in Handbook for this unit. All assessment changes will be published by 27 July 2020. All students are reminded to check handbook at the beginning of semester to ensure they have the correct outline.

  • Unit Title

    Superannuation and Retirement Planning
  • Unit Code

    ECF3211
  • Year

    2020
  • Enrolment Period

    2
  • Version

    5
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Nader M.a. ATAWNAH

Description

This unit examines the process of planning for retirement within the Australian context. The focus is on accumulating sufficient funds to provide for an adequate income stream in retirement. Superannuation, as the basis of the majority of retirement savings and investment plans, is examined in detail. Topics include: savings and investment plans, retirement income streams, taxation issues, social security, estate planning, self-managed superannuation funds, and the structure and regulation of the superannuation industry. Recent developments in the profession and current changes to regulations are also examined.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Discuss the structure of the superannuation and retirement planning industry in Australia, including the regulatory environment.
  2. Implement financial calculations, income tax calculations, and apply the principles of risk and return to a broad range of superannuation and retirement planning scenarios.
  3. Analyse a broad range of realistic client scenarios to develop appropriate limited Statements of Advice.
  4. Discuss the main features of current issues affecting the superannuation and retirement planning industry, and their likely impacts on clients' financial plans.

Unit Content

  1. Superannuation and retirement planning in Australia.
  2. Income tax.
  3. Applications of superannuation to retirement planning.
  4. Self-Managed Superannuation Funds.
  5. Australia's Social Security system.
  6. Aged Care and Estate Planning.
  7. Statement of Advice.
  8. Annuities and Investment Bonds.
  9. Ethics in Financial Planning.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 213 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On campus students will attend classes on campus as well as engage in learning activities through ECU Blackboard. To maximise student engagement and opportunities for learning, some of the learning activities may be conducted in the form of webinars and or video conferencing; mirroring the way that business communicate and learn. Details of these activities where applicable are provided in the Unit Plan schedule. Online students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies. These may include the use of webinars, videoconferencing and/or online discussion board activities. Details of these activities where applicable where applicable are provided in the Unit Plan schedule.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentAssignment 130%
AssignmentAssignment 230%
ExerciseFinal Assessment 40%
ONLINE
TypeDescriptionValue
AssignmentAssignment 130%
AssignmentAssignment 230%
ExerciseFinal Assessment40%

Core Reading(s)

  • McKeown, W., Kerry, M., & Olynyk, M. (2017). Financial Planning 2nd edition, update edition (2nd ed., pp. 1–629). Milton, QLD: John Wiley & Sons Australia, Ltd. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=4857365
  • McKeown, W., Kerry, M., & Olynyk, M. (2014). Financial planning. (2nd ed.). Milton, Qld.: John Wiley and Sons. Retrieved from https://ecu.on.worldcat.org/oclc/863337977?databaseList=638

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF3211|5|2