Financial Advice Corporation and Commercial Law (Bridging)

Financial Advice Corporation and Commercial Law (Bridging)

Unit code: BAO7008

Credit points: 12

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:

  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

 

  

Item 

Assessment 

  

Graded 

LO Alignment 

Grad Caps Alignment 

  

Assignment  

Contracts, Torts and Financial Planning Advice (500 words) 

  

10%  

1 

2 

  

Examination  

Examination of Legal Principles and Consequences of Breaches of Law 

  

40%  

2 

2 

  

Presentation  

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

  

50%  

3 

1 

 

Related course/s

 

This unit is studied as part of the online Master of Financial Planning and Graduate Diploma of Financial Planning.