Introduces students to ethical principles, standards and contemporary issues applicable to Australian financial advisers. Informing a wide array of professional contexts, the unit emphasises key ethical theories and frameworks, the financial advice environment, the capabilities and moral responsibilities of financial advisers, ethical conflicts of interest and the client-adviser relationship, the ethical decision-making process, and the importance of effective problem solving and communication. Students will participate in teacher directed activities and experiences relevant to ethical frameworks and the values and professional standards of the FASEA Code of Ethics. Students will also engage with case studies/scenarios that demonstrate complex ethical dilemmas encountered by financial advisers, providing opportunities to offer practical solutions and advisory recommendations.
Topic 1a: An Introduction to Ethics
Topic 1b: Influences on Decisions and Behaviour
Topic 2a: Ethical Conflicts of Interest and Client-Adviser Relationships
Topic 2b: The Financial Advice Environment
Topic 3a: Code of Ethics
Topic 3b: Code of Ethics – Ethical Behaviour and Client Care Standards
Topic 4a: Code of Ethics – Quality Process and Professional Commitment Standards
Topic 4b: Ethical Decision-Making Frameworks
Topic 5a: Ethics in Leadership and Business Practices
Topic 5b: Professionalism and Reflective Practice
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
|On completion of this unit, students should be able to:|
|1||identify and explain the role of ethical, regulatory and legal frameworks and professional standards in the financial advice environment|
|2||recognise and discuss the importance of due diligence and the best interests duty of a financial adviser|
|3||demonstrate and communicate an understanding of the values, obligations and professional standards that underpin the FASEA Code of Ethics|
|4||apply ethical frameworks and professional standards to solve dilemmas encountered by financial advisers.|
On completion of this unit, students should be able to:
- identify and explain the role of ethical, regulatory and legal frameworks and professional standards in the financial advice environment
- recognise and discuss the importance of due diligence and the best interests duty of a financial adviser
- demonstrate and communicate an understanding of the values, obligations and professional standards that underpin the FASEA Code of Ethics
- apply ethical frameworks and professional standards to solve dilemmas encountered by financial advisers.
- Prescribed text information is not currently available.
Teaching and assessment
Commonwealth Supported courses
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