Graduate Diploma of Financial Planning (C6D)

Overview  2023

Entry Requirements

See entry requirements

Duration

Minimum 1 Year, up to a maximum of 3 Years

Duration

Duration refers to the minimum and maximum amounts of time in which this course can be completed. It will be affected by whether you choose to study full or part time, noting that some programs are only available part time.

Location

Hobart
Semester 1, Semester 2
Online
Semester 1, Semester 2

Entry Requirements

See entry requirements

Duration

Minimum 1 Year, up to a maximum of 3 Years

Duration

Duration refers to the minimum and maximum amounts of time in which this course can be completed. It will be affected by whether you choose to study full or part time, noting that some programs are only available part time.

Entry requirements

Location

Hobart
Semester 1, Semester 2
Online
Semester 1, Semester 2
The Graduate Diploma in Financial Planning is designed for new entrants and experienced financial planners who provide standard financial or para-planning services.

This course explores important steps in the financial planning process such as gathering qualitative and quantitative data, identifying goals, and recognising financial problems. Key assessments will test your ability to apply financial planning theory to develop strategies and address financial challenges. You will also develop a range of skills and knowledge associated with providing compliant financial advice to clients across different types of financial products.

The Financial Adviser Standards and Ethics Authority (FASEA) has announced mandatory educational requirements and professional standards for the financial advice sector. The University of Tasmania is an approved FASEA Higher Education Provider, which means the Graduate Diploma in Financial Planning meets these standards. This includes the FASEA bridging course Ethics for Professional Advisers, which is the minimum requirement for existing advisers.

This is an 8 unit (100 credit point) 1-3 year course of study and is available in both on campus and off campus modes. All units are subject to formal assessment including the completion of continuous assessment such as assignments, and a final examination.

Are you interested in studying the Ethics and Professionalism bridging course or another single unit?

Those who do not wish to complete a Graduate Diploma, but are interested in studying a single unit, you can apply for non-award study.

The aim of the course is to provide a sound understanding of the process of financial planning, together with some of the fundamental skills and knowledge that are required. In line with these objectives, each of the recognised steps in the financial planning process that have been developed by financial planners will be examined in detail, namely: gathering qualitative and quantitative data; identifying goals; identifying financial problems including: setting priorities, deciding on trade offs and considering opportunity costs; preparing or interpreting written recommendations; implementing agreed-upon plans; and, reviewing, revising and maintaining personal financial plans.

The `key areas' that are important for the financial planning process are examined, namely: the regulatory framework; investments; managed funds; superannuation; home ownership; risk management and insurance; taxation; consumer credit; social security; estate planning. The role of institutional culture and organisational systems impacting on ethical practice and the need and opportunity to professionalise financial advice will be examined. Learning and teaching in this program focus on the key areas of financial planning theory, process, strategies and practice.

The program takes a structured, scaffolded approach to its curriculum, where knowledge, skills and graduate attributes are built over time through an integrated and complementary set of financial planning units. The program is based around a dynamic, real world learning approach to student centred education, where students take responsibility for their own learning. Blended learning, as the central teaching and learning philosophy, forms the basis of the learning experience, where the class – whether online or face to face – is a space for in-depth, theory-practice discussion with peers, academic staff and financial planning professionals. The program is designed to develop students’ knowledge and skills to apply financial planning philosophy and theory to analyse, evaluate and develop solutions and strategies to financial planning problems through authentic, problem-based learning.

Graduates will have the capacity to reflect on experiences, and interpret complex information and practices through research and inquiry. Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements.

  • 1 Apply advanced knowledge and understanding (including critical understanding of theories and principles) of the practice of financial planning.
  • 2 Use advanced skills and abilities to apply the 6- step financial planning process in accordance with Financial Planning Standards Board standards and ethical practices.
  • 3 Exhibit the competence to manage complex technical or professional activities or projects in the field of financial planning, with responsibility for decision-making.
  • 4 Demonstrate commitment to ethical behaviour, and compliance with a Code of Ethics and/or Code of Professional Conduct Commitment to providing financial planning in the best interests of clients while observing all legislated and professional ethical obligations including those prescribed under ASIC’s RG 146.
  • Career outcomes

    Accreditation and Professional Recognition

    The Graduate Diploma of Financial Planning is an externally accredited degree.

    This course is accredited by FASEA and upon completion of the course, graduates meet the Financial Adviser Standards. The Financial Adviser Standards are administered by the Australian government department: Treasury. For further requirements on the Financial Adviser Standards, please visit the Treasury website. Note that there may be additional requirements for becoming a Financial Adviser beyond the completion of the course.

    If you have any queries about the accreditation process, please contact us for further information.

    Course structure

    The Graduate Diploma of Financial Planning consists of 8 core units (100 credit points).

    A comprehensive financial plan will contribute towards the quality of a person's life by reducing the uncertainty about their future needs and the resources that will be available to meet them. This unit is an introductory course examining what is…

    Credit Points: 12.5

    This unit is currently unavailable.

    Risk management is a complex, progressive and demanding industry based on the protection of individuals, businesses and governments against risk and financial catastrophe. Insurance is the foundation of our lives and the social and economic fabric of our society.This unit…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 1
    OnlineSemester 1

    Key: On-campus    Off-Campus    International students    Domestic students

    This unit covers a range of interesting legal and financial planning regulatory topics. It teaches students how to analyse and solve legal problems and looks at the regulatory obligations that are imposed upon financial planners. It equips students with basic…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartWinter school
    OnlineWinter school

    Key: On-campus    Off-Campus    International students    Domestic students

    The study of ethics, from the Greek meaning ‘character’, may be defined as the philosophical enquiry into theories of human conduct: establishing what is morally right as opposed to what is morally wrong. Ethics may be simply described as moral…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 1
    OnlineSemester 1

    Key: On-campus    Off-Campus    International students    Domestic students

    In this unit, you will be introduced to the basic principles of investing. A discussion will be made of the main characteristics of investments with an emphasis on risk and return and the trade-off between the two. The unit focuses…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 2
    OnlineSemester 2

    Key: On-campus    Off-Campus    International students    Domestic students

    This unit provides background information on the demographic trends in Australia and gives an overview of the compulsory superannuation system that operates within Australia. Within the financial planning industry, retirement planning forms an important part of advisory services.This unit will…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 2
    OnlineSemester 2

    Key: On-campus    Off-Campus    International students    Domestic students

    This unit is intended to help you understand the nature of taxation and the taxation system in Australia. The unit introduces you to the core concepts in Australian taxation and identifies the framework (both legal and administrative) behind such concepts.…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 2
    OnlineSemester 2

    Key: On-campus    Off-Campus    International students    Domestic students

    The purpose of this unit is to provide you with guidelines on how to communicate effectively with your clients and to ensure that you have the appropriate information from them to provide them with the best possible advice. This unit…

    Credit Points: 12.5

    LocationStudy periodAttendance optionsAvailable to
    HobartSemester 2
    OnlineSemester 2

    Key: On-campus    Off-Campus    International students    Domestic students

    Entry requirements

    For entry into the Graduate Diploma of Financial Planning, students must meet the following criteria:  

    • Completed an undergraduate degree, or equivalent, from an approved tertiary institution; or
    • Completed a Graduate Certificate, or equivalent, from an approved tertiary institution; or
    • Have qualifications, relevant work experience or other special circumstances, as approved by the Executive Dean or delegated authority.

    In addition to the requirements for Domestic applicants, International applicants must provide one of the following:

    • Successful completion of English for Academic Purposes 2 at the University of Tasmania with a minimum overall score of 65% (no individual score less than 60%);
    • An IELTS score of 6.5 (no individual band less than 6.0);
    • A TOEFL (iBT) overall score of 88 (no individual skill below: Reading 16; Listening 16; Speaking 18; Writing 22);
    • A PTE Academic 58 with no score lower than 50

    These tests must not be more than 24 months old. 

    UTAS also accepts approved Prior Studies in English (https://www.utas.edu.au/international/applying/entry-requirements/english-language-requirements)

    The College of Business & Economics approves the following exceptions to the CLTC Credit Guidelines for existing advisors as defined by FASEA.

    • All credit applications for existing advisors will be considered by the course coordinator in accordance with FASEA guidelines.
    • Clause 3.7 shall not apply to existing advisors, who may be granted credit on the basis of an AQF 7 or lower award in accordance with FASEA guidelines.
    • Clause 4.1 shall not apply to existing advisors, who may be granted credit on the basis of study undertaken beyond 10 years where they are defined by FASEA as an existing advisor.

    Credit for new entrants will be considered in accordance with the University of Tasmania’s Student Participation and Attainment Ordinance.

    Not applicable at this time.

    Fees & scholarships

    Domestic students

    Commonwealth supported places (CSP)

    Domestic undergraduate students may be eligible for a Commonwealth supported place in this course. If you are offered a Commonwealth supported place, your fees are substantially subsidised by the Australian Government, and you will only be required to pay the student contribution amount for each unit.

    You may be able to defer payment of the student contribution amount by accessing a HECS-HELP loan from the Government. This means you can pay your tuition fees later once you start earning above a specific threshold. For more information, please refer to the Study Assist website.

    The student contribution amount for each unit of study is based on its discipline area. Student contribution amounts are charged for each unit of study, this means that amounts will depend on which units you choose. Find out more about student contribution amounts.

    Detailed fee information for domestic students is available at Scholarships, fees and costs, including additional information in relation to the compulsory Student Services and Amenities Fee (SSAF).

    International students

    2023 Total Course Fee (international students): $37,208 AUD*.

    Course cost based on a rate of $37,208 AUD per standard, full-time year of study (100 credit points).

    * Please note that this is an indicative fee only.

    International students

    International students are charged the Student Services and Amenities Fee but this fee is incorporated in the annual rate. International students do not have to make any additional SSAF payments.

    Scholarships

    For information on general scholarships available at the University of Tasmania, please visit the scholarships website.

    How can we help?

    Do you have any questions about choosing a course or applying? Get in touch.

    Domestic
    1300 363 864
    International
    +61 3 6226 6200
    Email
    Course.Info@utas.edu.au
    Online
    Online enquiries

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