CORPFIN 6009OL - SMSF Best Practice

Online - Semester 1 - 2022

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.

  • General Course Information
    Course Details
    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
    Assessment Exam/assignments/quizzes as prescribed at first session
    Course Staff
    Peter Hogan

    Email: peter.hogan@adelaide.edu.au 
    Course Timetable

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

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course, students will be able to:
    1. Explain how the different SMSF related occupations can contribute to the optimal operation of an SMSF
    2. Intergrate regulatory and legislative requirements into SMSF advice functions
    3. Research, assess and apply best practice methodology to the operation of an SMSF
    4. 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)

    Attribute 1: Deep discipline knowledge and intellectual breadth

    Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.

    All

    Attribute 2: Creative and critical thinking, and problem solving

    Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.

    All

    Attribute 3: Teamwork and communication skills

    Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.

    All

    Attribute 4: Professionalism and leadership readiness

    Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.

    All

    Attribute 8: Self-awareness and emotional intelligence

    Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.

    All
  • Learning Resources
    Required Resources
    Negline, T 2020, The Essential SMSF Guide 2020-2021, Thomson Reuters, Pyrmont, NSW
    Recommended Resources
    Supplementary reference materials and learning resources are provided on MyUni. 
    Online Learning
    This course is offered predominataly online with all materials available in your MyUni site
  • Learning & Teaching Activities
    Learning & Teaching Modes
    This 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
    Workload

    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 Summary
    Week 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
  • 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
    Assessment 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%  

    Quizzes
    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 Detail
    Topic 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.
    Submission
    Topic quizzes are completed online and marked at the time of submission. .

    Critical review essay - Submission of assignment via Turnitin.


    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

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