CORPFIN 6009OL - SMSF Best Practice
Online - Semester 1 - 2021
General Course Information
Course Code CORPFIN 6009OL Course SMSF Best Practice Coordinating Unit International Centre for Financial Services Term Semester 1 Level Postgraduate Coursework Location/s Online Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Course Description 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.
Course StaffPeter Hogan
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn 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
Required ResourcesNegline, T 2020, The Essential SMSF Guide 2020-2021, Thomson Reuters, Pyrmont, NSW
Recommended ResourcesSupplementary reference materials and learning resources are provided on MyUni.
Online LearningThis course is offered predominataly online with all materials available in your MyUni site
Learning & Teaching Activities
Learning & Teaching ModesThis program will be delivered in an online mode. This means that student-to-lecturer and student-to-student interactions will primarily occur online and the majority of learning resources will be accessed online.
You are expected to participate actively in all discussion, contributing considered, respectful, constructive and relevant responses to questions asked and topics under discussion.
In addition to working through the online topics, you will also need to read, at least, the required reading listed for each topic. These are listed at the beginning of each topic.
Recommended additional readings and resources will be listed by clicking on the Resources button where it occurs in the top right hand corner of the page.
In addition to the "Apply your Knowledge" activities, self-assessment quizzes are available to help you check your progress and idenitfy areas you need to review or revisit in more detail
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
While your workpace commitments and experience are recognised and valued, it is expected that you will manage your time effectively to meet your study commitments.
In addition to working through all the online topics and learning activities and completing all assessment activities, inclduign the exam, you will need to commit to the equivalent of 12 hours per week for additional study and assessment preparation.
Learning Activities SummaryWeek 1: Topic 1 - SMSF History and purpose
Week 2: Topic 2 - Setting up a Fund
Week 3: Topic 3 - Managing Investments
Week 4: Topic 4 - Contributions
Week 5: Topic 5 - SMSF Reporting
Week 6: Assessment item
Week 7: Topic 6 - Benefit Payments
Week 8: Topic 7 - Taxation
Week 9: Topic 8 - Winding up a fund
Week 10: Topic 9 - SMSF Trustee Guidance
Week 11: Focus on revision
Week 12: Assessment
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 SummaryAssessment Tasks
Type When Assessed Weighting Learning Outcomes
Critical Analysis essay Week 6 35% 1,3,4
Contribute to a criticial review of REP337 SMSFs:
Improving the quality of advice givent to investors
1,000 words +/- 10%
Multiple choice SMSF technical questions focussing Weeks 4,5,7,8 & 9 10% (2% each) 2,3
on the operation of SMSF
Examination Week 12 55% 1,2,3
Short and long answer questions
1 hour examination
Assessment DetailTopic quizzes are completed online and marked at the time of submission. Each quiz comprises 5 multiple choice questions.
Critical review essay - students are rquried to submit a critical review essay on a specific scenario. The review is 1000 words +/- 10%. Penalties apply if the review is outside these guidelines. Submission of assignment via Turnitin.
The exam is online consisting of multiple choiuce, multiple answer, True/Fale, Yes/No and short answer questions.
SubmissionTopic quizzes are completed online and marked at the time of submission. .
Critical review essay - Submission of assignment via Turnitin.
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.
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