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FIN2106 Personal Financial Planning

Semester 1, 2016 On-campus Toowoomba
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Commerce
Student contribution band : Band 3
ASCED code : 081101 - Banking and Finance

Contents on this page


Examiner: Lujer Santacruz


Pre-requisite: FIN1101 and FIN1103

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at //

Note: This course is conducted within the Australian context and because of this, international students would be encountering concepts that are new to them and would require some effort to understand.


Personal financial planning, or the development and implementation of total coordinated plans for the achievement of one's overall financial objectives, is becoming more and more important both to individuals and professionals offering their services. Governments are emphasising self-reliance among individuals, so long-term financial well-being is everyone's responsibility. Individuals will have more comfortable lives if they plan and manage their finances skilfully. From being provided by a multitude of different professionals, advising in the area of personal financial planning has developed into a discrete discipline that requires formal training. Personal financial planning has also become an integral part of the business of financial product providers (for example, banks, insurance companies) and financial service providers (for example, accountants).


In this course, students will be exposed to the personal financial planning environment and process. The environment covers the regulatory framework within which financial planners operate as well as their responsibilities. The process covers the various components of personal financial planning (for example, taxation, investments, credit, superannuation and retirement, insurance, social security and estate planning). These concepts are integrated through the study of financial plan construction. Formerly FIN1106.


On successful completion of this course, students should be able to:

  1. describe an overview of the personal financial planning profession
  2. discuss the regulatory framework within which financial planners operate as well as their responsibilities
  3. apply relevant financial reporting and taxation concepts useful in personal financial planning
  4. apply financial mathematics concepts useful in personal financial planning
  5. compare the various direct investment vehicles available to Australian investors
  6. explain the role and scope of managed funds in personal investing
  7. explain the various types of loans and credit and the issues relating to home ownership
  8. discuss the operation of superannuation and retirement planning in Australia
  9. discuss personal and general insurance protection
  10. discuss how the social security system operates in Australia and the various benefits available
  11. identify estate planning and asset protection issues that apply in Australia
  12. apply the process of preparing financial plans and in so doing, demonstrate both the information literacy and communication skills required of a financial planner.


Description Weighting(%)
1. Overview of personal financial planning and its environment 5.00
2. Personal financial planning regulation 10.00
3. Foundational finance concepts 10.00
4. Household finances 5.00
5. Investment planning 10.00
6. Taxation and tax planning 10.00
7. Superannuation and retirement planning 10.00
8. Insurance and risk management 10.00
9. Social security 5.00
10. Estate planning 5.00
11. The steps in personal financial planning 15.00
12. Financial planning practice management 5.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (

Please contact us for alternative purchase options from USQ Bookshop. (

  • Taylor, S & Juchau, R 2016, Financial planning in Australia, 7th edn, LexisNexis Butterworths, Chatswood, New South Wales.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.

Student workload expectations

Activity Hours
Assessments 25.00
Directed Study 50.00
Private Study 90.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ONLINE QUIZZES 20 20 01 Mar 2016 (see note 1)
MINI-ASSIGNMENT 20 20 06 Jun 2016 (see note 2)
EXAM A (MULTIPLE-CHOICE) 12 12 End S1 (see note 3)

  1. These quizzes are to be administered throughout the semester and are to be completed online through the StudyDesk. The closing dates for the quizzes will be advised at the commencement of the semester. The quizzes will consist not only of multiple choice questions but other types of questions as well (calculation, matching pairs, fill in the blanks, etc.). Refer to the StudyDesk for details.
  2. The mini-assignment consists of questions relating to the process of preparing financial plans.
  3. This is a restricted examination. The total working time for the examination (A and B) is 2 hours. The examination date will be available via UConnect when the official examination timetable has been released.

Important assessment information

  1. Attendance requirements:
    Online: If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

    On-campus: It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    This is a restricted examination. The only materials that candidates may use in the examination for this course are:
    1. writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
    2. an unmarked non-electronic translation dictionary (but not technical dictionary). A student whose first language is not English may take a translation dictionary into the examination room. A translation dictionary with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate's possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.
    3. a calculator which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination).

  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at