Introduces students to ethical principles, standards and contemporary issues applicable to Australian financial advisers. Students will participate in teacher-directed activities and experiences relevant to ethical frameworks and the values and professional standards of the 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.
Module 1: An Introduction to Ethics and Influences on Decisions and Behaviour
Module 2: The Financial Advice Environment – Ethical Conflict of Interest and Client-Adviser Relationships
Module 3: Code of Ethics – Monitoring and Enforcement and Values and Categories
Module 4: The Standards of the Code of Ethics
Module 5: Ethical Decision-Making Frameworks
Module 6: Ethics in Leadership and Business Practices – 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 Code of Ethics|
|4||critically apply ethical frameworks and professional standards to evaluate and 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 Code of Ethics
- critically apply ethical frameworks and professional standards to evaluate and solve dilemmas encountered by financial advisers.
Prescribed Learning Resources
- Simon Longstaff, Katherine Hunt, and Carolyn Tate, 2020, Everyday Ethics for Financial Advisers, The Ethics Centre. ISBN: 9780648724629 .
- No prescribed resources/equipment.
Teaching and assessment
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Fee paying courses
For postgraduate or undergraduate full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees
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