CORPFIN 6003 - Tax, Estate and Wealth Planning
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code CORPFIN 6003 Course Tax, Estate and Wealth Planning Coordinating Unit International Centre for Financial Services Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange N Incompatible CORPFIN 3003 Assumed Knowledge CORPFIN 7005 Assessment Exam and assignments as prescribed at first lecture Course Staff
Course Coordinator: Mr Domenic Carbone
Location: Law School, Ligertwood Building
Telephone: 8313 4759 (work)
Email: domenic.carbone@adelaide.edu.au
Course website: www.myuni.adelaide.edu.auCourse Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course students will be able to:- Apply the fundamental concepts of Australian income tax law, tax planning, and estate and wealth planning to make informed financial decisions.
- Apply critical thinking and problem solving skills to resolve income tax, tax planning, and estate and wealth planning issues.
- Communicate effectively orally income tax information and solutions to income tax, tax planning, and estate and wealth planning issues.
- Communicate effectively in writing income tax information and solutions to income tax, tax planning, and estate and wealth planning issues.
- Demonstrate how to use documentation for estate planning both in a legal and administrative context, and the consequences of non-compliance.
- Apply strategies used in estate planning, in the interaction of superannuation with estate planning and in the taxation of deceased estates.
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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1, 2 & 6 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1, 2, 5 & 6 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
3 & 4 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1 to 6 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
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Learning Resources
Required Resources
Required reading will be provided and advised to students during the course.
Recommended Resources
Reference Books
Australian Master Financial Planning Guide 2023/24, Wolters Kluwer (CCH) Australia
Australian Financial Planning Handbook 2023-24, Thomson Reuters, Australia -
Learning & Teaching Activities
Learning & Teaching Modes
The seminars will be delivered “face to face” so students are expected to attend. However, students have the choice of attending seminars “online”. Seminar recordings will be made available via Echo360.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (ie those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 12 hours for a three-unit course of private study outside of your regular seminars.Learning Activities Summary
TAX PLANNING
Topic 1 – Overview of the Australian Tax System & Tax Planning
Topic 2 – Taxation of Employee Remuneration
Topic 3 – Taxation of Investment Income
Topic 4 – Investment & Capital Gains Tax
Topic 5 – Taxation of Investment Structures
Topic 6 – International Taxation
BUSINESS TAX PLANNING
Topic 1 – Income Tax Issues for Business
Topic 2 – Tax Issues in Buying or Selling a Business
ESTATE AND WEALTH PLANNING
Topic 1 – Introduction to Estate Planning
Topic 2 – Complex Estate Planning
Topic 3 – Powers of Attorney and Advanced Care Directives
Topic 4 – Superannuation
Topic 5 – Taxation Implications of Deceased Estates
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Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Weighting Due Learning Outcome Onlline Test 1
(open book)10% Friday week 5 at 4 pm 1,2 & 6 Onlline Test 2
(open book)10% Friday week 9 at 4 pm 1,2 & 6 Onlline Test 3
(open book)10% Monday week 13 at 4 pm 1,2 & 6 Exam
(open book)70% Exam period 1-4 Total 100% Assessment Detail
Students must complete ALL assessment components for this course.
To gain a pass in the course, a mark of at least 50% overall is required. There is no requirement that a particular part of the assessment must be passed.
Online Tests - 3 @ 10% each
Each of the 3 Online Tests comprises 15 multiple choice questions and students must answer all 15 questions. The Online Tests must be completed in no more than 45 minutes from starting to answer the questions and in a single sitting.
Each Online Test is "open book".
Exam - 70%
The exam will be "open book" and is of 3 hours duration.Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
