CORPFIN 6012 - SIS Regulation and Taxation

North Terrace Campus - Semester 2 - 2017

This subject analyses the unique intersection of the Superannuation Industry (Supervision) Act 1993 (SISA), the Superannuation Industry (Supervision) regulations 1993 (SISR) and the Income Taxation Assessment Acts 1936 and 1997 (ITAA). As a highly technical course, it is designed for students wanting to specialise in the area of self-managed superannuation funds.

  • General Course Information
    Course Details
    Course Code CORPFIN 6012
    Course SIS Regulation and Taxation
    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
    Prerequisites SMSF Best Practice, Understanding SMSF Trustees, SMSF Strategic Advice ? CORPFIN 6009, CORPFIN 6010 & CORPFIN 6011
    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.

  • Learning Outcomes
    Course Learning Outcomes
    On successful completion of this course, students will be able to:

    1. Execute the operations of a SMSF throughout various lifecycles
    2. Investigate, identify and interpret psychology and economic factors that contribute to a SMSF trustees actions
    3. Analyse and interpret how specific SMSF behavious affect the SMSF fund investment strategy
    4. Provide specialised technical advice and solutions to SMSF tructees and related parties
    5. Demonstrate effective communication skills to convey complex technical advice to different audiences
    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)
    1-5
    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
    2 & 3
    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
    4 & 5
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1-5
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    5
    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
    2, 3 & 5
  • Learning Resources
    Required Resources
    Australian Master Superannuation Guide 2015/16, 19th edition
    Authors: J Leow, S Murphy & CCH Australia Limited
    Publisher: CCH Australia
    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 by the date provided on the Activity Planner.

    Students are required to complete 1 assignment for this course plus 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 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 Regulatory Framework
    Topic 2 - Regulating SMSFs
    Topic 3 - Contribution Standards
    Topic 4 - Investing in an SMSF
    Topic 5 - Taxing an SMSF
    Topic 6 - Members interest and preservation standards
    Topic 7 - Payment standards and paying a benefit
    Topic 8 - Taxing superannuation payments
    Topic 9 - SMSF Controls – planning for life event
  • 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 Due Weighting Learning Outcome
    Critical review essay Week 5 40% 1,2,3,4
    Exam Week 12 60% All
    Assessment Detail
    Critical Review essay
    This is an individual assignment due in Week 6 and presents 40% of the final grade.

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

    The review needs to be 2000 +/- 10% in word length and submiteed via Turnitin on the course site

    Examination
    The exam consists of long and short answer questions representing 60% of the final grade.
    Submission
    Assignment must be submitted via Turnitin by the due date

    The review needs to be 2000 +/- 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
    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.

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