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FIN2106 Personal Financial Planning

Semester 1, 2020 On-campus Toowoomba
Short Description: Personal Financial Planning
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
Grading basis : Graded
Version produced : 27 February 2020


Examiner: Lujer Santacruz

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 advisers 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 and financial planning practice management. Formerly known as FIN1106.


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

  1. understand the context under which personal financial planning operates and integrate theoretical and technical knowledge of personal financial planning;
  2. apply theoretical and technical knowledge to critically analyse data to solve rudimentary personal financial planning problems in straightforward contexts;
  3. exercise judgement, under guidance, to formulate personal financial planning solutions using ethical, social, regulatory and economic perspectives;
  4. present and justify in writing, financial information and decisions in straightforward contexts;
  5. reflect on the relationship of personal financial planning with the other courses in the program.


Description Weighting(%)
1. Overview of personal financial planning 5.00
2. Personal financial planning regulation 10.00
3. Foundational finance concepts 10.00
4. Taxation and tax planning 10.00
5. Household finances 5.00
6. Investment planning 10.00
7. Superannuation and retirement planning 10.00
8. Risk management and insurance 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. (

Santacruz, L, Lukashenok, A & Briese, K 2020, Introduction to Personal Financial Planning in Australia, 2nd edn.

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.
Taylor, S & Juchau, R 2017, Financial planning in Australia, 8th edn, LexisNexis Butterworths, Chatswood, New South Wales.

Student workload expectations

Activity Hours
Directed Study 50.00
Independent Study 115.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ONLINE QUIZZES 20 20 18 May 2020 (see note 1)
ASSIGNMENT 20 20 25 May 2020 (see note 2)
EXAMINATION 60 60 End S1 (see note 3)

  1. The 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 assignment consists of questions relating to the process of preparing financial plans.
  3. This will be a restricted examination. The total working time for the examination 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: 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 obtain at least 50% of the total weighted marks available for the course (i.e. the Primary Hurdle), and have satisfied the Secondary Hurdle (Supervised), i.e. the end of semester examination by achieving at least 40% of the weighted marks available for that assessment item.

    Supplementary assessment may be offered where a student has undertaken all of the required summative assessment items and has passed the Primary Hurdle but failed to satisfy the Secondary Hurdle (Supervised), or has satisfied the Secondary Hurdle (Supervised) but failed to achieve a passing Final Grade by 5% or less of the total weighted Marks.

    To be awarded a passing grade for a supplementary assessment item (if applicable), a student must achieve at least 50% of the available marks for the supplementary assessment item as per the Assessment Procedure (point 4.4.2).

  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

Date printed 27 February 2020