This subject focuses on key economic and commercial law concepts, including economic issues of current relevance. The subject is designed to develop the ability to interpret basic economic information and understand the impact of current economic and market events. The subject highlights the prescribed areas of the Australian legal system, law of entities, contract law, property law and tort law and negligence, introducing students to the key drivers of law and regulation in the Australian financial services industry. On completion of this subject, students will be able 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. FPC001B Economic and Legal Context for Financial Planning complies with Corporations (Relevant Providers—Education and Training Standards) Determination 2021, division 3, section 3-65 Specified course: commercial law. Students are able to attend a one-hour online interactive workshop, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend weekly drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments. Students are encouraged to attend the interactive workshop and weekly drop-in session throughout the study period. For more information, please refer to the subject outline. 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: Distinguish between the different roles of participants in financial markets. Analyse how changes in government policy and key economic indicators impact Australian and global financial markets. Examine the main sources and regulatory structure of financial services law in Australia, including participants’ ethical and legal obligations. Analyse the nature, meaning and form requirements of contracts, and examine the impact of legislation upon contract law. Describe the characteristics of sole traders, partnerships, corporations, and trusts and determine the regulatory implications for each entity. Explore and apply the common law elements of tort law and negligence, and the misleading and deceptive conduct provisions in the context of financial advice. 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 TypeAssessedTopicsWeighting Analysis TaskWeek 41 - 320% AssignmentWeek 81 -740% ExamWeek 121 - 1040% 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 the Financial Advice Regulatory and Legal Obligations subject may be awarded if your completed prior studies are listed on the FAS Approved Courses by Institute of Higher Education 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 4, 2023 important dates Enrolments openNow KapLearn opens (early access)5 June 2023 Early access to assessments19 June 2023 Study period commences3 July 2023 Assessment datesClick here > Enrolments close / Census19 July 2023 Study period ends22 September 2023 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2023$2,600 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*Please enter in the following format: 614********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) Consent* 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.*PhoneThis 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 FAS bridging course: Financial Advice Regulatory and Legal Obligations)
This subject focuses on key economic and commercial law concepts, including economic issues of current relevance. The subject is designed to develop the ability to interpret basic economic information and understand the impact of current economic and market events. The subject highlights the prescribed areas of the Australian legal system, law of entities, contract law, property law and tort law and negligence, introducing students to the key drivers of law and regulation in the Australian financial services industry. On completion of this subject, students will be able 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. FPC001B Economic and Legal Context for Financial Planning complies with Corporations (Relevant Providers—Education and Training Standards) Determination 2021, division 3, section 3-65 Specified course: commercial law. Students are able to attend a one-hour online interactive workshop, where key topic concepts and examples are discussed with a facilitator. Additionally, students are able to attend weekly drop-in sessions, where students can ask questions to gain further clarification on key concepts and the assessments. Students are encouraged to attend the interactive workshop and weekly drop-in session throughout the study period. For more information, please refer to the subject outline. 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: Distinguish between the different roles of participants in financial markets. Analyse how changes in government policy and key economic indicators impact Australian and global financial markets. Examine the main sources and regulatory structure of financial services law in Australia, including participants’ ethical and legal obligations. Analyse the nature, meaning and form requirements of contracts, and examine the impact of legislation upon contract law. Describe the characteristics of sole traders, partnerships, corporations, and trusts and determine the regulatory implications for each entity. Explore and apply the common law elements of tort law and negligence, and the misleading and deceptive conduct provisions in the context of financial advice. 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 TypeAssessedTopicsWeighting Analysis TaskWeek 41 - 320% AssignmentWeek 81 -740% ExamWeek 121 - 1040% 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 the Financial Advice Regulatory and Legal Obligations subject may be awarded if your completed prior studies are listed on the FAS Approved Courses by Institute of Higher Education 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 4, 2023 important dates Enrolments openNow KapLearn opens (early access)5 June 2023 Early access to assessments19 June 2023 Study period commences3 July 2023 Assessment datesClick here > Enrolments close / Census19 July 2023 Study period ends22 September 2023 For a full list of annual study period dates, click here > Fees Enrolment feesFee Subject fee 2023$2,600 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*Please enter in the following format: 614********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) Consent* 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 >