This subject focuses on key economic and commercial law concepts, including economic issues of current relevance and develops the ability to interpret basic economic information and understand the impact of current economic and market events. The subject is designed to highlight the prescribed areas of the Australian legal system, law of entities, contract law, property law and tort law and negligence and introduces students to the key drivers of law and regulation in the Australian financial services industry, to enable them to appreciate the critical role that economic and commercial regulation play in wealth management and financial planning. Students will follow a fictitious case study through much of the assessment, so that they may apply their understanding of the above concepts and explore issues that could apply in financial planning. From Study Period 6 2019 onwards, this subject is a Board-approved course in Commercial Law for Tax (Financial) Advisers. This approved status will automatically apply to your enrolment on completion of the subject. For a full list of Kaplan Professional’s TPB Approved Courses For Tax (Financial) Advisers, please click here. For more information, please refer to the subject outline. One-week extension on first assessment for Study Period 1, 2021 To ensure students can get their year off to the best possible start, Kaplan Professional is delighted to advise that we’ve granted a one-week extension on the first assessment in Study Period 1 for this subject*. This means the first assessment for this subject will now be due in week 5, commencing 1 February 2021. For those thinking of commencing or progressing their studies, we hope this can give you the confidence you need to commit to completing a subject in our first intake of 2021 to help build your momentum for the year ahead. * The one-week extension only applies to the first assessment for a subject. There will be no changes to the due dates for other assessments scheduled in Study Period 1. Learning outcomes Subject Content CPD Duration Assessment Assumed knowledge Course transition subject equivalence Prerequisites Reading list Recognition of Prior Learning (RPL) Key Dates Fees Learning outcomes On successful completion of this subject, individuals should be able to: Explore the role of intermediaries in financial markets. Explain the impact of current issues and key economic and financial indicators on the Australian and global financial markets. Analyse the impact of government and monetary policy on the Australian financial markets. Examine some of the major issues currently facing the financial planning industry in Australia Explore the main sources of Law and the regulatory structure of financial services law in Australia. Explain the various obligations imposed on participants by financial services legislation. Demonstrate an understanding of codes of practice applicable to the financial planning profession. Apply ethical values and principles and relevant legislation to various scenarios. Subject Content TopicTitle Topic 1Overview of global financial markets and participants Topic 2Economic principles and management Topic 3Introduction to the Australian legal system Topic 4Overview of financial services law and regulations Topic 5Regulatory framework Topic 6Australian financial services licence Topic 7Disclosure Topic 8Business structures Topic 9Contract and property law Topic 10Tort law and negligence CPD Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au. Duration The duration of this subject is one study period (12 weeks). Assessment Assessment TypeAssessedWeighting Analysis TaskWeek 415% AssignmentWeek 845% ExaminationWeek 1240% Click here for assessment timetables. Assumed knowledge Not applicable. Course transition subject equivalence Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects: there are no equivalences for this subject. Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic. Recognition of Prior Learning (RPL) RPL for FASEA’s Financial Advice Regulatory and Legal Obligations subject may be awarded if your completed prior studies are listed on the FASEA Approved Courses by Higher Education Providers list and are deemed equivalent to this subject. RPL may also be awarded based on prior post graduate studies in accordance with the Kaplan Professional Recognition of Prior Learning Policy. Key Dates Next available intake Study Period 1, 2021 important dates Enrolments openNow KapLearn opens (early access)7 December 2020 Early access to assessments 14 December Study period commences4 January 2021 Assessment datesClick here > Enrolments close / Census20 January 2021 Study period ends26 March 2021 Study Period 2, 2021 important dates Enrolments openNow KapLearn opens (early access)8 February 2021 Early access to assessments 22 February 2021 Study period commences8 March 2021 Assessment datesClick here > Enrolments close / Census24 March 2021 Study period ends28 May 2021 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2021$2,500 Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available. FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible. Click here for a full list of fees and allowances. 1300 135 798 Ask a question Name* First Last Phone Number*Email* State*StateACTNSWNTQLDSATASVICWAInternationalWhen would you like to start studying?*When would you like to start studying?Ready nowI'd like to start within 3-6 monthsI'd like to start within 6-12 monthsI'm just gathering information at this stageAsk a question (optional)* I confirm the details entered above are correct and consent to Kaplan Professional using and handling my personal information in accordance with its privacy policy.*NameThis field is for validation purposes and should be left unchanged. Enrol now
Learn more about Master of Financial Planning, Graduate Diploma of Financial Planning or Graduate Certificate in Financial Planning >
FPC001B Economic and Legal Context for Financial Planning (aligns to FASEA bridging course: Financial Advice Regulatory and Legal Obligations)
This subject focuses on key economic and commercial law concepts, including economic issues of current relevance and develops the ability to interpret basic economic information and understand the impact of current economic and market events. The subject is designed to highlight the prescribed areas of the Australian legal system, law of entities, contract law, property law and tort law and negligence and introduces students to the key drivers of law and regulation in the Australian financial services industry, to enable them to appreciate the critical role that economic and commercial regulation play in wealth management and financial planning. Students will follow a fictitious case study through much of the assessment, so that they may apply their understanding of the above concepts and explore issues that could apply in financial planning. From Study Period 6 2019 onwards, this subject is a Board-approved course in Commercial Law for Tax (Financial) Advisers. This approved status will automatically apply to your enrolment on completion of the subject. For a full list of Kaplan Professional’s TPB Approved Courses For Tax (Financial) Advisers, please click here. For more information, please refer to the subject outline. One-week extension on first assessment for Study Period 1, 2021 To ensure students can get their year off to the best possible start, Kaplan Professional is delighted to advise that we’ve granted a one-week extension on the first assessment in Study Period 1 for this subject*. This means the first assessment for this subject will now be due in week 5, commencing 1 February 2021. For those thinking of commencing or progressing their studies, we hope this can give you the confidence you need to commit to completing a subject in our first intake of 2021 to help build your momentum for the year ahead. * The one-week extension only applies to the first assessment for a subject. There will be no changes to the due dates for other assessments scheduled in Study Period 1. Learning outcomes Subject Content CPD Duration Assessment Assumed knowledge Course transition subject equivalence Prerequisites Reading list Recognition of Prior Learning (RPL) Key Dates Fees Learning outcomes On successful completion of this subject, individuals should be able to: Explore the role of intermediaries in financial markets. Explain the impact of current issues and key economic and financial indicators on the Australian and global financial markets. Analyse the impact of government and monetary policy on the Australian financial markets. Examine some of the major issues currently facing the financial planning industry in Australia Explore the main sources of Law and the regulatory structure of financial services law in Australia. Explain the various obligations imposed on participants by financial services legislation. Demonstrate an understanding of codes of practice applicable to the financial planning profession. Apply ethical values and principles and relevant legislation to various scenarios. Subject Content TopicTitle Topic 1Overview of global financial markets and participants Topic 2Economic principles and management Topic 3Introduction to the Australian legal system Topic 4Overview of financial services law and regulations Topic 5Regulatory framework Topic 6Australian financial services licence Topic 7Disclosure Topic 8Business structures Topic 9Contract and property law Topic 10Tort law and negligence CPD Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au. Duration The duration of this subject is one study period (12 weeks). Assessment Assessment TypeAssessedWeighting Analysis TaskWeek 415% AssignmentWeek 845% ExaminationWeek 1240% Click here for assessment timetables. Assumed knowledge Not applicable. Course transition subject equivalence Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan course and have completed the following subjects: there are no equivalences for this subject. Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic. Recognition of Prior Learning (RPL) RPL for FASEA’s Financial Advice Regulatory and Legal Obligations subject may be awarded if your completed prior studies are listed on the FASEA Approved Courses by Higher Education Providers list and are deemed equivalent to this subject. RPL may also be awarded based on prior post graduate studies in accordance with the Kaplan Professional Recognition of Prior Learning Policy. Key Dates Next available intake Study Period 1, 2021 important dates Enrolments openNow KapLearn opens (early access)7 December 2020 Early access to assessments 14 December Study period commences4 January 2021 Assessment datesClick here > Enrolments close / Census20 January 2021 Study period ends26 March 2021 Study Period 2, 2021 important dates Enrolments openNow KapLearn opens (early access)8 February 2021 Early access to assessments 22 February 2021 Study period commences8 March 2021 Assessment datesClick here > Enrolments close / Census24 March 2021 Study period ends28 May 2021 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2021$2,500 Note: If this subject is undertaken as a standalone subject, no FEE-HELP is available. FEE-HELP is available for individuals undertaking this subject as part of a qualification. Click here to find out if you’re eligible. Click here for a full list of fees and allowances. 1300 135 798 Ask a question Name* First Last Phone Number*Email* State*StateACTNSWNTQLDSATASVICWAInternationalWhen would you like to start studying?*When would you like to start studying?Ready nowI'd like to start within 3-6 monthsI'd like to start within 6-12 monthsI'm just gathering information at this stageAsk a question (optional)* I confirm the details entered above are correct and consent to Kaplan Professional using and handling my personal information in accordance with its privacy policy.*CommentsThis field is for validation purposes and should be left unchanged. Enrol now
Learn more about Master of Financial Planning, Graduate Diploma of Financial Planning or Graduate Certificate in Financial Planning >