Course

Self Managed Superannuation Funds Law - ATAX0640

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0640 Course Outline

Campus: ATAX Campus

Career: Undergraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 2

Enrolment Requirements:

Prerequisite: 48 units of credit completed.

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

The number of self managed superannuation funds (SMSFs) is growing at an exponential rate. This course looks at all the regulatory rules for establishing, administering and closing a SMSF.


Recommended Prior Knowledge

None

Course Objectives

On completion of this course, students should have a detailed knowledge and understanding about the legal regulation of SMSFs.

Main Topics

  • The history and background of Superannuation;
  • Growth of Superannuation;
  • Introduction of compulsory superannuation - the superannuation guarantee charge;
  • Prudential regulation - SIS;
  • Role of the Trustee;
  • Taxation of Superannuation - contributions, funds, reasonable benefit limits;
  • Eligible termination payments;
  • Superannuation guarantee charge;
  • Death and disability benefits;
  • Superannuation and divorce;
  • Member choice of Fund;
  • Investment management agreements;
  • Fund governance;
  • Licensing;
  • Distribution;
  • Members remedies;
  • ASIC powers:
  • Risk and investment:
  • Risk and retirement incomes.

Course Texts

Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses.
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