CORPFIN 6001 - Self-Managed Super Distribution & Estate Planning

North Terrace Campus - Semester 1 - 2015

This course will focus on SMSF's and examine estate planning, investment strategies, alternative investments, divorce settlement issues, strategic opportunities and taxation. The course will also cover the pension establishment process and will examine issues such as the use of reserves in the pension environment, the segregation of pension assets, preservation rules, the payment of benefits to members and beneficiaries, the process of asset valuation, court orders and settlement alternatives for Family Law purposes and the process to follow when winding-up a SMSF.

  • General Course Information
    Course Details
    Course Code CORPFIN 6001
    Course Self-Managed Super Distribution & Estate Planning
    Coordinating Unit Adelaide Business School
    Term Semester 1
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Available for Study Abroad and Exchange N
    Assumed Knowledge CORPFIN 7005
    Assessment Exam, assignments, tests and tutorial work as prescribed at first lecture
    Course Staff

    Course Coordinator: Mrs Tania Turner

    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes

    This course is designed to assist students:

    1. Identify who can be paid a benefit and in what circumstances
    2. Understand and apply the rules surrounding pensions
    3. Understand the type of pensions that can be paid
    4. Explain when super assets can be accessed to commence a pension
    5. Know the steps to commencing a pension and be able to implement them
    6. Gauge the impact of the changes announced in the Simpler Super regime
    7. Identify the key taxation issues for pensions
    8. Determine tax liability of SMSF
    9. Describe how income & gains on pension assets are exempt from tax
    10. Use reserves effectively
    11. Formulate an effective investment strategy for pension assets
    12. Evaluate the tax considerations using super for estate planning purposes
    13. Explain how the new rules impact these strategies going forward
    14. Be able to practically deal with winding up a SMSF
    15. Examine the detail to detemine extent of application of NSW Succession Act to SMSF trustees and compare to existing rules in various states
    16. Deal with super assets and super as a national estate asset
    17. Examine Binding Financial Agreements
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. All
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. All
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. All
    Skills of a high order in interpersonal understanding, teamwork and communication. All
    A proficiency in the appropriate use of contemporary technologies. All
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. All
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. All
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. All
  • Learning Resources
    Required Resources
    CCH Australian Superannuation Legislation - latest edition
    CCH Australia Master Superannuation Guide - latest edition
    Recommended Resources
    CCH Master Tax Guide
  • Learning & Teaching Activities
    Learning & Teaching Modes
    Due to the intensive nature of this course it is a requirement that participants attend 100% of the scheduled seminars.  Consideration will be given to medical and compassionate reasons for non attendance but supporting documentation will need to be presented with these requests.  If 100% attendance is not met participants will be ineligible to sit for the exam.  Participants in this course are generally also working full time therefore work commitments do not exempt students from this attendance requirement.

    As with all intensive executive style programs students are expected to contribute to all discussions and be postively interactive.  There is a strong assumption that students will engage in seminars discussions in an informed way.

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    Students are required to complete 1 assignment for this course between intensive 1 and intensive 2 as well as set aside time to study for the exam.

    The University expects full-time students (ie those taking 12 units per semester) to devote a total of 48 hours per week to their studies.  This means that you are expected to commit approximately 12 hours for a three-unit course of private study outside your regular classes.
    Learning Activities Summary
    Day 1
    Sole Purpose Test - determination of benefit entitlement
    Commencing a pension - steps to be taken
    Personal taxation issues
    New pension definitions

    Day 2
    Review of taxation of SMSFs
    Specific tax issues relating to pensions
    Segregated vs un-segregated
    Use of reserves in pension environment
    Continuing pension liability problems
    Investment Strategy concerns
    Rules around the use of derivatives


    Day 3
    Dealing with Superannuation assets in the context of the Family Court Decision
    Binding Financial Agreements
    NSW Succession Act
    Superannuation as a notional estate asset

    Day 4
    Estate Planning - dealing with the new environment
    Estate Planning - detailed analysis of who is a dependant and what are their entitlements
    Winding up a SMSF - what you need to do
    Exam review
    Specific Course Requirements
    To gain a pass for this course, a mark of at least 50% (complete) must be obtained on the examination as well as a total of at least 50% overall.  Students not achieving the minimum exam mark will be awarded no more than 49.
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Assignment - 50%
    related learning outcomes 1 - 12

    Final exam - 50%
    related learning outcomes - all

    The final exam is a 3 hour open book exam
    Assessment Detail
    Please refer to the Assessment summary provided for full details.

    Students must complete ALL assessment componetns for this course.
    All assignments are to be submitted to the lecturer via the email provided on course outline.

    Please retain a copy of all assignments submitted

    Please attach an Assignment cover Sheet, which is signed and dated by you before submission.

    Lecturers can refuse to accept assignments which do not have a signed acknowledgement of the Unviersity's policy on plagarism.

    Late assignment submission
    Students are expected to submit their work by the due date to maintain a fair and equitable system.  Extensions will generally only be given for medical or other serious reasons.  All requests for extension must be emailed to the course administrator before the due date.  Each request will be assessed on it's merits.  A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.
    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy ( course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

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