Superannuation

SAFAA’s Superannuation course provides candidates with the specialist knowledge and skills necessary to provide financial product advice relevant to superannuation at a Tier 1 level. The course content examines the development of superannuation together with the legislative basis, the industry structure and market participants. This is followed by an examination of the investment rules and tax basis of superannuation – often the key features of a superannuation fund as far as clients are concerned.

Advisers need to understand about putting money into superannuation (contributions) and taking money out (though lump sums or pensions). Particular focus is given to small funds and those funds where there may be direct equity investments. Superannuation is a major plank in the government’s policy to make Australians more self-reliant in retirement and the final topic examines retirement planning and the interaction of superannuation with the social security system.

For experienced practitioners it is an opportunity for a useful refresher for the purposes of CPD.

If claiming FASEA CPD, this course provides 20 FASEA CPD hours, the breakdown as follows: Technical competence 10 hours | Regulatory compliance and consumer protection 5 hours | General 5 hours.

Learning outcomes

On successful completion of the Superannuation course candidates will be able to:

  • Compare the features, benefits and risks of different superannuation products and discuss how these features impact upon their suitability for different clients.
  • Explain the advantages of investing through superannuation and be aware of the investment restrictions.
  • Identify the regulatory and taxation issues relevant to superannuation in Australia.
  • Apply the contribution rules to maximise the client benefit without incurring tax penalties.
  • Discuss the ability of a client to access superannuation as a lump sum and/or pension as well as identifying tax issues on taking money from superannuation.
  • Explain the benefits and risks of small funds as an investment vehicle particularly in investing.
  • Provide retail superannuation advice in accordance with ASIC RG146 requirements.
  • Prepare a compliant Statement of Advice using superannuation.

Who should complete the course?

This course is designed for those seeking RG146 compliance to provide general advice in superannuation. The course is also useful to those advisers who wish to add an additional RG146 specialist knowledge area to their existing credentials.

Assessment details

1 x Online Exam (Closed Book, 40 questions, 1hr + 45 min reading time, 80% pass mark)
1 x Assignment (80% pass mark)

Suggested study hours

Allow up to 150 hours

Is there any assumed pre-requisite knowledge?

There is no assumed knowledge for this course. Students are likely to have completed Core 1: Securities and Managed Investments prior to studying a specialisation. It is the licensee’s responsibility to ensure that their staff have the required requisite knowledge for their role.

How does the process work?

Kaplan Professional has partnered with SAFAA to provide RG146 accreditation for our courses. This course is administered by SAFAA and our certificates of RG146 accreditation issued upon completion are jointly distributed with Kaplan Professional. Enrolments close at 3.00pm every Monday Sydney time.

  • Candidate enrols online/registration is received.
  • Candidate receives Welcome email from SAFAA on Tuesday with course information/study materials.
  • Candidate completes and returns ‘Exam Booking Form’ to schedule their exam day/time. This must be done at least 3 days prior to exam.
  • SAFAA releases exam/closes exam at designated day/time.
  • The Candidate’s approved Supervisor supervises exam and returns the ‘Declaration by Online Exam Supervisor’ to SAFAA. Results will not be released until SAFAA has received the completed ‘Declaration by Online Exam Supervisor’.
  • Candidate receives result (results are released within 1 working day). Candidate receives Certificate (Certificates are issued end of each month).

Please ensure that the course you intend to enrol in is one you are required to undertake and are committed to completing, as fees are non-refundable. Substitutes are welcome within the enrolment period.

Superannuation

Non-Member: $520.00
Organisation Member: $490.00
Practitioner Member: $470.00

Superannuation Assignment Resubmission

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Superannuation Online Exam Remote Supervision

Non-Member: $75.00
Organisation Member: $75.00
Practitioner Member: $75.00

Superannuation Online Exam Resit

Non-Member: $250.00
Organisation Member: $250.00
Practitioner Member: $250.00

Useful downloads

Please go to each course page to enrol directly online.

PDF Enrolment form

Supervisor Guidelines

SAFAA Exam Booking Form (to be completed and returned by candidate at least 3 days prior to them sitting their online exam)

Summary of Assessment

Academic Misconduct Policy (individuals who enrol in a SAFAA course are bound by our Academic Misconduct Policy)

Enrolments close at 3.00pm every Monday Sydney time.