Financial Advice Corporation and Commercial Law

Unit code: BAO7008 | Study level: Postgraduate

Credit points

(Generally, 1 credit = 10 hours of classes and independent study.)

Location

Victoria University Online

Prerequisites

N/A

Overview

This unit will examine the Australian legal system, contract and commercial law and significant elements of Corporations Law related to the licensing requirements of a financial planner and the provision of financial planning advice. The unit has a strong focus on practical applications and uses relevant case law to contextualise the law for financial planning professionals. Professional skills including negotiating on commercial law matters are given attention via podcast interviews with practitioners, structured discussion and metacognitive interaction.

This unit is designed to meet the requirements of a Financial Adviser Standards and Ethics Authority [FASEA] education pathway for new entrants, career changers and existing financial advisers in the financial planning profession. Successful completion of this unit has the added advantage of satisfying the relevant FASEA education requirements of a bridging unit within an approved degree and may count towards the annual Continuing Professional Development (CPD) requirement to a maximum of 30 CPD hours per year.

Learning Outcomes

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

Apply and defend the law underpinning the provision of appropriate and compliant financial planning advice in Australia;
Articulate and analyse the commercial law and legal systems that impact financial advice, including types of companies, director’s duties, laws of contract and negligence, to a range of client scenarios; and,
Communicate persuasive arguments defending recommendations and approaches to financial planning advice based on advanced understanding of the intentions of the Corporations Act (2001) and amendments.

Assessment

For Melbourne campuses

Assessment type: Assignment

Grade: 10%

Contracts, Torts and Financial Planning Advice (500 words)

Assessment type: Examination

Grade: 40%

Examination of Legal Principles and Consequences of Breaches of Law

Assessment type: Presentation

Grade: 50%

Critical Analysis and Application of the Corporations Act (2500 words)

Required reading

Selected readings will be made available via the unit VU Collaborate site.

As part of a course

This unit is studied as part of the following course(s):

Graduate Diploma in Financial Planning

BGFP | Graduate diploma | Duration: 16 months

Master of Financial Planning

BMFP | Masters (coursework) degree | Duration: 2 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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