CORPFIN 6001EX - Self-Managed Super Distribution & Estate Planning

External - Semester 1 - 2016

The course information on this page is being finalised for 2016. Please check again before classes commence.

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 6001EX
    Course Self-Managed Super Distribution & Estate Planning
    Coordinating Unit Adelaide Business School
    Term Semester 1
    Level Postgraduate Coursework
    Location/s External
    Units 3
    Available for Study Abroad and Exchange Y
    Assumed Knowledge CORPFIN 7005
    Course Description 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.
    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

    No information currently available.

  • Learning Resources
    Required Resources
    Text Books (s)
    CCH Australian Superannuation Legislation latest Edition
    CCH Australia Master Superannuation Guide latest Edition

    Readings
    Required and additional readings are provided to students.
    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 from a working background 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 positively interactive. There is a strong assumption that students will engage in seminar discussions in an informed way.
    Workload

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

    You will be required to complete 1 assignment for this course as well as set aside time to study for the exam.

    The University expects full-time students (i.e. 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 of 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

    Assignment

    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
  • 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
    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.

    Assignment - 50% - Learning Outcome 1 – 12
    Final Exam - 50% - Learning Outcomes all
    Assessment Detail

    No information currently available.

    Submission
    Presentation of Assignments
    • Please must 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 University’s policy on plagiarism.

    Assignment Guidelines including Referencing Details
    This guide will assist you structure your assignments. A copy of the guide can also be downloaded from: http://www.adelaide.edu.au/professions/hub/downloads/Communication-Skills-Guide.pdf 

    This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
    In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
    The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.

    Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.

    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 extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.

    Return of Assignments
    Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments as advised via email. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.

    Please refer to the information and requirements for requests for extensions to assessment items contained in your course folders.
    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 (http://www.adelaide.edu.au/policies/101/) 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

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.