CORPFIN 6009 - SMSF Best Practice

North Terrace Campus - Semester 2 - 2017

This subject will provide students with an underpinning in the concepts and theories of SMSF operations. Students will consolidate their existing knowledge and skills base and extend this into complex SMSF scenarios. Students will study and evaluate complex financial retirement scenarios to identify best practice methods of SMSF operations As one of three core subjects in this qualification, students will also be given the opportunity to develop their critical thinking, problem solving and communication skills. Successful completion of this subject means a student can apply for SMSF Practitioner (SSPTM) accreditation with the SMSF Association.

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Course Details

Course Code	CORPFIN 6009
Course	SMSF Best Practice
Coordinating Unit	Adelaide Business School
Term	Semester 2
Level	Postgraduate Coursework
Location/s	North Terrace Campus
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	N
Assessment	Exam/assignments/case studies as prescribed at first session

Course Staff

Course Coordinator: Mrs Tania Turner

Course Timetable

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

Course Learning Outcomes

On successful completion of this course, students will be able to:

Explain how the different SMSF related occupations can contribute to the optimal operation of an SMSF
Intergrate regulatory and legislative requirements into SMSF advice functions
Research, assess and apply best practice methodology to the operation of an SMSF
Research and evaluate the suitability of an SMSF investment strategy based on the individual circumstances presented

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)
Deep discipline knowledge informed and infused by cutting edge research, scaffolded throughout their program of studies acquired from personal interaction with research active educators, from year 1 accredited or validated against national or international standards (for relevant programs)	All
Critical thinking and problem solving steeped in research methods and rigor based on empirical evidence and the scientific approach to knowledge development demonstrated through appropriate and relevant assessment	All
Teamwork and communication skills developed from, with, and via the SGDE honed through assessment and practice throughout the program of studies encouraged and valued in all aspects of learning	All
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	All
Self-awareness and emotional intelligence a capacity for self-reflection and a willingness to engage in self-appraisal open to objective and constructive feedback from supervisors and peers able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate	All

Learning Resources

Required Resources

The Essential SMSF Guide 2015-2016
Author: Tony Negline
Publisher: Thomson Reuters

Recommended Resources

Supplementary reference materials and learning resources are provided within the course online site

Online Learning

This course is delivered pre-dominantly online via the MyUni site.

Weekly topics and assessment must be accessed and viewed online.
Learning & Teaching Activities

Learning & Teaching Modes

This is an online course so students are expected to undertake the weekly topics as per the Activity Planner.

Workload

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

Students should expect to work through a topic per week including any quizzes by the date provided on the Activity Planner.

Students are required to complete 1 critical review essay and 5 topic quizzes for this course as well as set aside time for 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 you are expected to commit approximately 12 hours for a three-unit course of private study outside your regular classes.

Learning Activities Summary

Topic 1 - SMSF History
Topic 2 - Setting up a Fund
Topic 3 - Managing Investments
Topic 4 - Contributions
Topic 5 - SMSF reporting
Topic 6 - Benefit payments
Topic 7 - Taxation
Topic 8 - Winding up a fund
Topic 9 - SMSF Trustee Guidance

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

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

Assessment Summary

Assessment	Due	Weighting	Learning outcome
Critical analysis essay	Week 6	35%	1,3,4
Quizzes	Weeks 4,5,7,8,9	10%	2,3
Exam	Week 12	55%	All

Assessment Detail

Critical review essay
This is an individual assignment due in Week 6.

Students are required to write a critical review essay on an industry report. The assignment requires students to investigate and evaluate the report.

The review needs to be 1000 +/- 10% in word length and submitted via Turnitin on the course site.

Quizzes
In weeks 4,5,7,8 and 9 quizzes are provided at the end of the topic material and require students to apply their knowledge to what they have just learnt. Each quiz contains 5 multiple choice questions. Students will receive their mark at completion of the quiz. Each quiz represents 2% of the final grade.

Examination
On online exam consisting of short answer and multipl choice questions representing 55% of the final grade scheduled in Week 12.

Submission

Critical Review Essay
Assignment must be submitted via Turnitin by the due date.

The review needs to be 1000 +/- 10% in word length. A penalty of 5% for every 100 words outside this limit will apply

Assignments submitted after the due date will need to be emailed to the Program co-ordinator and will be penalised 5% for each day it is overdue.

Quizzes
Quizzes must be completed as part of the weekly topic they apply to. Grades are provided to students at completion of the quiz

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
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator