units

LAW5150

Faculty of Law

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Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Law
OfferedNot offered in 2011

Synopsis

The nature and operation of superannuation funds in Australia and how they are affected by the superannuation legislation, by the taxation regime, and by general principles of contract and equity. The trustee's duties.

Objectives

Upon completion of this unit, a student should understand

  1. the structure of different types of superannuation funds in Australia and the reasons for these differences;
  2. the operation of superannuation funds including
  3. the role and duties of trustees and those to whom they delegate, especially in relation to investment; (ii) the rights of members individually and collectively; (iii) the role and duties of third parties such as auditors; and
  4. the role of the Superannuation Complaints Tribunal and the Insurance and Superannuation Commissioner and other administrative bodies.

Assessment

Assignment (2000 words): 20%
Examination (3 hours): 80% OR Assignment (5000 words): 50%
Examination: 50%

Contact hours

Three hours of lectures per week

Prerequisites

LAW1100 OR LAW1101 and LAW1102 or LAW1104; LAW4169; LAW4170