FINC 3004 Financial Planning

Credit Points 10

Legacy Code 200627

Coordinator Amanda Craft Opens in new window

Description The unit endeavours to provide students with an understanding of the complex process and contextualisation of the Australian Financial Planning Industry. This unit aims to introduce students to the principles of personal financial planning and the provision of personal financial advice including the preparation of a Statement of Advice (SOA). Topics covered include the current Australian regulatory environment, strategies for the accumulation of wealth and risk protection, retirement planning, estate planning, taxation consequences, debt and credit management and home ownership. This unit meets ASIC requirements (PS146) in relation to both knowledge and skills.

School Business

Student Contribution Band HECS Band 4 10cp

Check your HECS Band contribution amount via the Fees page.

Level Undergraduate Level 3 subject

Pre-requisite(s) ECON 2002

Equivalent Subjects FINC 3005 - Financial Planning

Assumed Knowledge

Basic principles of Finance, Accounting, Taxation and Economics.

Learning Outcomes

On successful completion of this subject, students should be able to:
  1. the subject provides a grounding in the theories and practice of personal financial planning;
  2. The history of financial planning in Australia and the issues contributing to its growth;
  3. The legislative framework associated with the giving of advice;
  4. To consider the complexities of combining diverse aspects of a client�fs needs in a single document called a financial plan/statement of advice;
  5. To investigate a variety of investment strategies, the concepts of risk management and asset allocation and consideration of the choice between managed funds and direct investment;
  6. The roles of superannuation, insurance and estate planning and their application;
  7. The management of the financial planning process;
  8. The impact of taxation issues in recommending client strategies.

Subject Content

- Financial planning: history/background; client relationship
- compliance, communication and The statement of advice
- investment theory, direct investment and property
- Managed funds
- taxation Issues/strategies
- superannuation
- retirement planning and social security
- Insurance as A Risk management tool
- Estate planning
- Credit, debt and lending
- Home ownership


The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Planning assignment not specified 30 N Individual
Mid-semester examination not specified 20 N Individual
Final examination not specified 50 Y Individual

Prescribed Texts

  • Taylor, S Financial Planning in Australia: Advice and Wealth Management 9th edn, 2020, LexisNexis Butterworths, Aust.

Teaching Periods

2022 Semester 1



Subject Contact Amanda Craft Opens in new window

Attendance Requirements 80% attendance rate is imposed in all core subjects’ due to the nature of class activities that are aligned with subject assessments.

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