Course

Master of Financial Planning

Approved Abbreviation: MFinPlan

Western Sydney University Course Code: 2793.2

AQF Level: 9

Students should follow the course structure for the course version relevant to the year they commenced. This version applies to students whose commencement year for this course is Quarter 4, 2016 or later.

Commencement Year 2016 (Quarters 1 to 3) - 2793.1 Master of Financial Planning

The Master of Financial Planning is a fully online course designed to provide the educational basis to enable students to increase competence as professional financial advisers and gain an advanced knowledge and understanding of the financial planning industry. With the increasing complexity of taxation laws, the ageing population and the focus on self-reliance in retirement, the financial planning industry is developing as a distinct profession in Australia. Individuals and organisations require the skills of professionally equipped financial planners to assist them in effective investment and risk management and also with complex retirement planning strategies. Course and unit curriculum is based on Australian law. Students may exit on completion of 40 credit points with a Graduate Certificate in Financial Planning or on completion of 80 credit points with a Graduate Diploma in Financial Planning.

This course is accredited by the Financial Planning Association (FPA) and meets the RG146 requirements as outlined under the heading 'Accreditation’ below. Details re the coverage of RG146 requirements are available via the link below.

RG146 Requirements

The University has approval from the Tax Practitioners Board (TPB) to deliver courses in Australia taxation law for tax (financial) advisers and commercial law for tax (financial) advisers. Completion of the Master of Financial Planning satisfies the tertiary qualifications requirements to register as a Tax (Financial) Adviser. Details of which units must be completed to meet these requirements can be found via the link below.

TPB Tax (Financial) Adviser Registration Requirements

Study Mode
One and a half years full-time or three years part-time.

Accreditation
This course is accredited by the Financial Planning Association (FPA). The course satisfies eligibility requirements for Financial Planner AFP® membership and educational requirements for entry into the CFP® Certification Program of FPA (students will also receive exemption for CFP 2, 3 and 4 therefore must complete CFP 1 to be eligible to sit the CFP Certification Assessment). This course also meets the RG146 generic knowledge requirements, specialist knowledge requirements and skills requirements as they currently stand. Details re the coverage of RG146 requirements are available via the link located above the heading ‘Study Mode’. In addition, by completing the Master of Financial Planning, students satisfy the tertiary qualifications requirements to register as a Tax (Financial) Adviser with the TPB. Details regarding these requirements are available via the link located above.

Admission

Applicants must have:

Successfully completed an undergraduate degree, or higher, in a business discipline;

OR

Successfully completed an undergraduate degree, or higher, in any discipline AND have a minimum of two years full-time equivalent managerial/professional work experience in a related field;

OR

Successfully completed an undergraduate degree, or higher, in any discipline AND have a minimum of five years general work experience in a related field.

Applicants seeking admission on the basis of work experience MUST support their application with a Statement of Service for all work experience listed on the application.

Statement of Service

Applications from Australian citizens and holders of permanent resident visas must be made via the Universities Admissions Centre (UAC).

Applicants who have undertaken studies overseas may have to provide proof of proficiency in English. Local and International applicants who are applying through the Universities Admissions Centre (UAC) will find details of minimum English proficiency requirements and acceptable proof on the UAC website. Local applicants applying directly to the University should also use the information provided on the UAC website.

http://www.uac.edu.au

Overseas qualifications must be deemed by the Australian Education International - National Office of Overseas Skills Recognition (AEI-NOOSR) to be equivalent to Australian qualifications in order to be considered by UAC and Western Sydney University.

Course Structure

Qualification for this award requires the successful completion of 120 credit points which includes twelve core units listed in the recommended sequence below.

Recommended Sequence

Full-time

Year 1

Quarter 1 session

200817Business Communication Skills
200866Principles of Financial Planning

Quarter 2 session

200432Commercial Law
200868Investment Planning

Quarter 3 session

200867Superannuation
200869Principles of Taxation

Quarter 4 session

200870Insurance and Risk Management
200871Planning for Retirement

Year 2

Quarter 1 session

51168Funds Management and Portfolio Selection
200959Financial Planning Research Project

Quarter 2 session

200872Contemporary Issues in Taxation
200960Statement of Advice Research Project

Part-time

Year 1

Quarter 1 session

200817Business Communication Skills

Quarter 2 session

200432Commercial Law

Quarter 3 session

200866Principles of Financial Planning

Quarter 4 session

200868Investment Planning

Year 2

Quarter 1 session

200867Superannuation

Quarter 2 session

200870Insurance and Risk Management

Quarter 3 session

200869Principles of Taxation

Quarter 4 session

200871Planning for Retirement

Year 3

Quarter 1 session

51168Funds Management and Portfolio Selection

Quarter 2 session

200872Contemporary Issues in Taxation

Quarter 3 session

200959Financial Planning Research Project

Quarter 4 session

200960Statement of Advice Research Project

Exit Awards

2794 Graduate Diploma in Financial Planning (exit only)

80 credit points, comprising of eight units which must include 200866 Principles of Financial Planning, (200959 Financial Planning Research Project and 200960 Statement of Advice Research Project units excluded).

2795 Graduate Certificate in Financial Planning

40 credit points as specified in the course structure.



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