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Course Outlines

CORPFIN 6002EX - Self-Managed Super - Establish & Accumulate

External - Semester 1 - 2015

Participants will analyse the benefits of SMSF's and the factors that have resulted in them being adopted by a wide range of self-employed people, employees on higher salaries with flexible remuneration arrangements and those close to or in retirement. The topics covered will include the formation of SMSF's, issues around trust deeds and the regulations governing them and the Superannuation Industry (Supervision) Act (SIS Act). In addition, there will be a detailed review of compliance, investment strategies, taxation at the fund level, CGT small business exemptions and instalment warrants including the new borrowing rules. The rules concerning related party asset acquisitions, sole purpose, in-house assets, loans to members and accepting contributions will also be examined. Additionally, the participants will learn the rights and obligations of the trustees, members and other parties that are connected with the operation of the fund.

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  • General Course Information
    Course Details
    Course Code CORPFIN 6002EX
    Course Self-Managed Super - Establish & Accumulate
    Coordinating Unit ÐÂÀ˲ÊƱ Business School
    Term Semester 1
    Level Postgraduate Coursework
    Location/s External
    Units 3
    Contact External: 12 hours self-directed study per week
    Available for Study Abroad and Exchange N
    Assumed Knowledge CORPFIN 7005
    Assessment Exam/assignments/tests/tutorial work as prescribed
    Course Staff

    No information currently available.

    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes

    This course is desinged to assist students:

    1. Identify and describe what a SMSF is
    2. Identify and describe what a SAF is
    3. Identify who should have a SMSF and who should not
    4. Identify who can or cannot be a member of a SMSF
    5. Identify the issues surrounding establishing a SMSF
    6. Identify when a SMSF is a complying fund and when it is not, and the consequences for the fund
    7. Follow a process for establishing a SMSF
    8. Outline general trustee responsibilities
    9. Draft investment objectives and strategy for a SMSF
    10. Identify application of sole purpose test
    11. Explain the basic restrictions applying to investments
    12. Evaluate transactions in the context of the provision of loans and financial assistance to member and relatives
    13. The new borrowing rules as they apply to SMSFs
    14. Identify and apply the principles of the sole purpose test
    15. Explain the basic restrictions that apply to investments
    16. Identify who or what entities are associates
    17. Explain the interaction of the various investments restrictions in specific circumstances
    18. Apply the transitional provisions to prescribed arrangements
    19. The role and responsibilities of auditors
    20. Explain the distinction between financial and compliance reports
    21. Describe circumstances when an auditor must report breaches to trustees and Regulators
    22. Determine the liability of SMSF
    23. Identify various tax deductions available
    24. Identify the opportuntiies in the small business CGT concessions
    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)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. All
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. All
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. All
    Skills of a high order in interpersonal understanding, teamwork and communication. All
    A proficiency in the appropriate use of contemporary technologies. All
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. All
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. All
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. All
  • Learning Resources
    Required Resources
    CCH Australian Superannuation Legislation - latest edition
    CCH Australia Master Superannuation Guide - latest edition


    Recommended Resources
    CCH Master Tax guide
  • Learning & Teaching Activities
    Learning & Teaching Modes
    Due to the intensive nature of this course it is a requirement that participants attend 100% of the scheduled seminars. Consideration will be given for medical and compassi