CORPFIN 6012OL - SIS Regulation and Taxation
Online - Semester 1 - 2022
General Course Information
Course Code CORPFIN 6012OL Course SIS Regulation and Taxation 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 N Prerequisites CORPFIN 6009OL, CORPFIN 6010OL & CORPFIN 6011OL Course Description This subject focuses on the legislation and regulation that underpin the operation of an SMSF. It provides the specialist technical knowledge, critical thinking and problem-solving skills necessary to provide competent and compliant advice to clients in the complex and dynamic SMSF sector. It covers the establishment, operation, and management of an SMSF as well as the contribution standards, taxation rules, pension and estate planning, and investment restrictions unique to an SMSF. This subject offers deep technical content and examines, in detail, the array of regulation and legislation relevant to SMSFs.
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:
1. Research and explain the legal regulations that apply to SMSFs.
2. Research and critically evaluate the special taxation rules applicable to superannuation contributions, superannuation fund and superannuation benefits.
3. Develop and critically evaluate an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
4. Justify an SMSF strategy to deal with regulatory and tax requirements in a complex SMSF scenario.
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.
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.
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.
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.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
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.
Required ResourcesNegline, T 2019, The Essential SMSF Guide, 2019/20, Thomson Reuters, Sydney.
Recommended ResourcesSupplementary reference materials and learning resources are provided within the course online site.
Online LearningThis 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 ModesThis is an online course, students are expected to undertake the weekly topics as per the Activity Planners.
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 due 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.
Learning Activities SummaryTopic 1 - SMSF regulatory framework
Topic 2 - Regulating SMSFs
Topic 3 - Contribution standards
Topic 4 - Investment Standards
Topic 5 - Taxing a SMSF
Topic 6 - Members' interests and preservation standards
Topic 7 - Payment Standards and paying a benefit
Topic 8 - Taxing superannuation payments
Topic 9 - SMSF controls — planning for life events
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 Task Due Weighting Learning Outcome Assignment Week 6 40% All Exam Week 12 60% All Total 100%
This is an individual assignment due in Week 6 and presents 40% of the final grade.
Students are required to answer two (2) questions
The overall word limit is 2000 +/- 10% and submitted via Turnitin on the course site
An online multiple choice examination represents 60% of your final grade.
SubmissionAssignment must be submitted via Turnitin by the due date
The assignment needs to be 2000 +/- 10% in word length.
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
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.
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.
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