INSTRUCTIONS Financial Plan Assignment

Overview 2

Weight 2

Due Date 2

Backup your work 2

Late Penalties 3

Special Consideration 3

Individual Assessment 4

No Artificial Intelligence 4

Template 5

Software 5

Formatting 5

Table of Contents 6

File Format 6

File Name 6

Word Limit 7

References and citations 7

Privacy 7

Spouse or Partner 8

Foreign Countries and Currencies 8

Financial Assistance from Family 9

Religion and Interest 9

File Size 9

Writing Style 10

Structure and Content 10

Title Page 11

1. Current Situation (Unit 1) 11

2. Life Planning (Unit 2) 17

3. Financial Strategy (Unit 2) 21

4. Financial Independence (Unit 3) 22

5. Career Strategy (Unit 4) 22

6. Property and Loans (Unit 5) 23

7. Risk Management (Unit 7) 25

8. Taxation Planning (Unit 8) 26

9. Investment Strategy (Units 9 and 10) 26

10. Action Plan (Unit 10) 27

11. Compliant Statements of Advice (Unit 6) 27

References 28

Appendices 28

Submission 28

Assessment Criteria 30

Marking Rubric 31

Grades and Feedback 31

Financial Plan Assignment 2

Overview

This is an individual assignment. Copying the work of another student, basing your

financial plan on another student’s work, asking anyone else to write your financial

plan, obtaining assistance from an Artificial Intelligence computer program, providing

a copy of your financial plan to another student or posting your financial plan on a

website is academic misconduct and will result in a fail grade being awarded for this

The financial plan that you will develop is far more comprehensive (and useful) than a

typical ‘Statement of Advice (SOA)’ that a financial adviser would prepare for a client.

This is because the focus of this course is on understanding the broad issues that

financial advisers need to consider when advising clients. The follow-on course to this

one, Financial Planning Advice and Ethics, will focus on the process of developing

a compliant and ethical SOA for clients. Nevertheless, under the final section of

your Assignment you are required to identify the differences between the Financial

Plan that you are submitting for this course and a compliance Statement of Advice

The purpose of this assignment is to help you to develop a detailed financial plan that

will act as a financial roadmap for the rest of your life. Each section of your financial

plan provides you with the opportunity to reflect deeply on the theory covered in the

course and to make practical, specific and detailed application of that theory to your

expected future life stages. You should work on your financial plan gradually during

the term as you cover each Unit. You should use the Microsoft Word template provided

and submit the final document in Microsoft Word format. There is no word limit for this

assignment but most submissions are between 3,000 and 9,000 words.

(SOA).

course.

Weight

Due D

The Financial Plan assignment is worth 30% of your assessment for this course.

ate

The due date for the financial plan assignment is as follows:

Assessment component Due Date*

Financial Plan Assignment 10:00pm Saturday Week 9 (27 Apr 2024)

Backup your work

You should be writing your financial plan assignment gradually over the term after you

have completed each Unit. You also need to plan for a situation in which the file may

Financial Plan Assignment 3

become corrupted or your device is damaged. Please create regular copies of your

work and place them into a ‘Backups’ folder. Make sure this folder is synchronised onto

a USB key or a cloud-based storage solution such as OneDrive or Dropbox (or an

equivalent service in China for students who cannot access these services). Note that

University provides you with a free Onedrive account. Loss of data or a damaged

device does not constitute grounds for Special Consideration.

If you lose your file and are unable to restore from a backup, a standard late penalty

of 5 marks (out of 100) per day will apply. Technical problems with your file or

device does not represent grounds for a Special Consideration extension

Note that if you have saved your file in your Onedrive account, you should be able to

restore a backup from your file history. Here is a link on how to do this.

.

Late Penalties

Late submission will incur a penalty of 5% per day or part thereof (including weekends)

from the due date and time. An assessment will not be accepted after 5 days (120

hours) of the original deadline unless special consideration has been approved. An

assignment is considered late if the requested format, such as hard copy or electronic

copy, has not been submitted on time or where the ‘wrong’ assignment has been

submitted.

The late penalty applies to your score for the financial plan (not the maximum possible

score). For example, if your raw score is 70/100 and the plan is submitted 2 days late,

a 10 mark penalty will apply and so your score would be reduced to 60/100.

Note that there is a small ‘grace period’ of a few minutes after the submission time to

allow for slow internet connections or slow website performance. No penalty will apply

if the submission is within this ‘grace period’. Please do not email me asking if your

submission falls within this grace period.

Since you are supposed to be working on this assignment gradually each week as the

course progresses, the maximum period of special consideration that will be granted

for this assessment (for any reason) is 7 days from the original due date. Also, the

maximum extension that will be granted for Equitable Learning Plans will also by 7

days from the original due date. Any submissions received after this will automatically

be awarded a score of zero.

Special Consideration

Special consideration will only be granted in exceptional cases. You are responsible

for developing your financial plan gradually as you work through each Unit of the

course materials. You should work on your financial plan as you cover each Unit and

avoid leaving it until last minute. You are responsible for completing your financial plan

well before the due date/time to allow for unexpected circumstances or illness. Being

ill during the last week before the date of submission will not normally constitute

grounds for special consideration.

Financial Plan Assignment 4

Loss of data or a damaged device does not constitute grounds for Special

Consideration. You are responsible to regularly backup your work and synchronise it

onto a cloud-based storage solution (such as OneDrive or Dropbox).

If special consideration is granted, the maximum extension that will be granted is

7 days from the original due date. Any financial plans received more than 7 days from

the original due date will automatically be awarded a score of zero.

Individual A

An application for Special Consideration together with supporting documentation must

be submitted online within 3 working days of the due date.

ssessment

This is an individual assessment. You are permitted to discuss the contents of this

assessment with your family, a spouse or partner. However, all written work, research

and supporting calculations must be your own work. Seeking assistance with your

written work or financial modelling constitutes academic misconduct. Seeking

assistance from Artificial Intelligence computer programs also constitutes academic

misconduct. Providing assistance to any other students also constitutes academic

misconduct. Copying or paraphrasing the work of any other student (from current or

previous terms) constitutes academic misconduct. Copying the work of another student

and then changing the details to reflect your situation and strategies constitutes

academic misconduct. Using another student’s financial plan as a ‘reference’ for you

while you complete your own financial plan is also academic misconduct. Posting a

copy of your assignment on a website is academic misconduct (except for submitting

your assignment on the course website under the appropriate submission link).

If another student approaches you for assistance, please note the time, date and

details of the incident and email the details to me.

University has no tolerance for students who are dishonest or seek to obtain an

unfair advantage over other students. Academic misconduct is a serious offence. It can

result in zero being awarded for this assessment, a failure grade for the course

and/or removal from the University.

No Artificial Intelligence

Using Artificial Intelligence programs or services is not permitted in this assessment.

There are two exceptions to the above ‘no use of Artificial Intelligence’ rule. Students

for whom English is their second language are allowed to use Artificial Intelligence

programs (such as Google Translate) to translate from their native language into

English or to translate from English to their native language. Students with writing

difficulties are allowed to use Artificial Intelligence programs (such as Grammarly) to

help correct their spelling and grammar.

Financial Plan Assignment 5

Template

You should use the Microsoft Word Template document provided under the ‘Financial

Plan’ section of the course website. Do not use another student’s financial plan as your

template. Note that as a student , you have access to the full suite of Microsoft Office

365 applications. More information about accessing this software is provided below.

Software

Your Financial Plan should be submitted as a Microsoft Word document. All students have access to the full suite of Microsoft Office 365 products for free (on both

Windows and Mac). This includes downloadable versions of the entire Microsoft Office

suite to 15 devices (5 desktops, 5 tablets and 5 mobiles).

The steps for downloading the latest version of MS Office are as follows:

3. Click the ‘Install apps’ button

4.

1. Go to https://login.microsoftonline.com

2. Login with the same account and password that you use for

university.

Choose ‘Office 365 apps’.

For students who use the Linux operating system, you should either use one of the

university labs to write the assignment, use a word processor that will export to a

Microsoft Word file format or use a Google Doc and export to Microsoft Word format.

Formatting

For headings and body text, please use the styles in the Microsoft Word template

provided.

Fonts: Please only use either Arial (PC) or Helvetica (Mac) fonts. Students with

dyslexia who find these fonts difficult to read may use Times New Roman.

Font sizes: Please use font size 11 pt for your body text.

Line spacing: Use the default in the Microsoft Word Template provided (1.08 lines).

Financial Plan Assignment 6

Styles: Use the styles provided in the Microsoft Word Template provided.

File format: You should submit your file in Microsoft Word format.

For tables, diagrams, captions, footnotes and other minor formatting elements, you

can choose your own formatting and styles. Please make sure they are easy to read.

Table of Contents

You should update the page numbers in the table of contents before submitting the

final version of your financial plan as a Microsoft Word document. This can be done as

follows:

1. User your mouse to select the table of contents on page 1

2. Go to the ‘References’ tab on the command bar at the top of Microsoft Word

3. Select ‘Update Table’ under the ‘Table of Contents’ group on the Ribbon.

4. Select ‘Update Page Numbers Only’ to only update the page numbers or select

‘Update Entire Table’ to also update your Headings.

You should submit your file in Microsoft Word format

File Format

.

File Name

Please name your financial plan using the following file name format (and extension):

ID Plan.docx

For example, if your student ID is 1234567, your file should be named:

1234567 Plan.docx

Financial Plan Assignment 7

Word Limit

There is no word limit or page limit for this assignment. This is your plan and so you

can ‘invest’ as much time and detail into it as you like. In past terms, most financial

plans are somewhere between 3,000 words and 9,000 words.

References and citations

As a general principle, you do not need to reference the concepts covered in my lecture

slides unless the lecture slides themselves cite another source or it makes sense to do

so given how you are using the concept in your assignment. In most cases, I’m

expecting you to reference other sources that you have identified to support the ideas

in your financial plan including websites, articles, books or videos.

Citations and references for any other article or website should follow standard

university assignment citation and referencing principles. You may use Harvard,

Oxford or APA referencing (see below).

For websites, I’m usually happy with just the author (or company), the date that it was

accessed and a URL (preferably hyperlinked). For example:

"Domain Property Group, accessed 3 January 2024, https://www.domain.com.au"

As a general principle, you do not need to reference any pictures that you use in your

financial plan.

When referring to other sources, the standard method for citations at university is in-

text (Harvard). However, in this course I don’t mind whether you use Harvard,

Oxford or APA style referencing.

References are not included in your word count.

Privacy

This assignment includes personal information that is both private and confidential.

Your assignment is not used for any other purpose except to provide you with a mark

Financial Plan Assignment 8

for this assessment. It will not be used for academic research or commercial purposes.

You should also note that more than 100 students undertake this course each term

and so it is unlikely that I will remember any of your personal information after I finish

marking them all (my memor

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