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. 

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 will count towards the annual Continuing Professional Development (CPD) requirement to a maximum of 30 CPD hours per year. 

Unit details

Location:
Victoria University Online
Study level:
Postgraduate
Credit points:
12
Unit code:
BAO7008

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Apply and defend the law underpinning the provision of appropriate and compliant financial planning advice in Australia;  
  2. 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,  
  3. 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

Assessment type Description Grade
Assignment Foundations of Contract and Commercial Law on Financial Product Advice (500 words) 10%
Presentation Exploration and Presentation of Relevant Case Law (2000 words) 40%
Case Study Hypothetical Application of Corporation Law to an Advisor Problem (2500 words) 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

Study a single unit

This unit can be studied on its own, without enrolling in a full degree. Learn more about single units of study at VU.

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