Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Amendment (2023 Measures No. 1) Determination 2023
I, Stephen Jones, Assistant Treasurer and Minister for Financial Services, being satisfied of the matters set out in subsection 921B(7) of the Corporations Act 2001, make the following determination.
Dated 27 March 2023
Stephen Jones
Assistant Treasurer
Minister for Financial Services
Contents
1 Name
2 Commencement
3 Authority
4 Schedules
Schedule 1—Amendments
Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2021
This instrument is the Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Amendment (2023 Measures No. 1) Determination 2023.
(1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
Commencement information | ||
Column 1 | Column 2 | Column 3 |
Provisions | Commencement | Date/Details |
1. The whole of this instrument | The day after this instrument is registered. |
|
Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.
(2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.
This instrument is made under the Corporations Act 2001.
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.
Corporations (Relevant Providers Degrees, Qualifications and Courses Standard) Determination 2021
1 Subsection 5(1)
Insert:
OUA means Open Universities Australia.
2 Subsection 6(2) (note 1, paragraph (h))
Repeal the paragraph, substitute:
(h) Kaplan Higher Education Pty Limited: Bachelor of Financial Planning (item 29E), GDFP19 Graduate Diploma of Financial Planning (item 88B);
3 Subsection 6(2) (note 1, paragraphs (j) and (k))
Repeal the paragraph, substitute:
(j) Royal Melbourne Institute of Technology: BP353 Bachelor of Accounting / Bachelor of Business (item 31A), BP343 Bachelor of Business (item 32A), BP344 Bachelor of Business Professional Practice (item 32A); BP314 Bachelor of Business (Financial Planning) (item 34), BP313 Bachelor of Business (Financial Planning) / Bachelor of Business (Accountancy)(item 35), Master of Financial Planning (item 90A); Graduate Diploma of Financial Planning (item 90B);
(k) Southern Cross University: Bachelor of Business (item 40A), Bachelor of Business and Enterprise (item 40B), Bachelor of Business and Enterprise / Bachelor of Arts (item 40B);
4 Subsection 6(2) (note 1, paragraph (t))
Repeal the paragraph, substitute:
(t) University of Technology Sydney: Graduate Diploma in Financial Planning (item 111), Master of Financial Planning (item 111A), Master of Finance / Master of Financial Planning (item 111B); and
5 Schedule 1 (after table item 29A)
Insert:
| Kaplan Higher Education Pty Limited |
|
|
29E | Bachelor of Financial Planning. | on or after 1 July 2023. | Paragraph 6(2)(a) does not apply to this qualification as it includes an ethics unit of study |
6 Schedule 1 (table item 30, column headed “Other conditions:”)
Omit “insurance and Risk Planning”, substitute “Insurance and Risk Planning”.
7 Schedule 1 (table item 30A)
Repeal the table item, substitute:
30A | Each of the following: (a) Bachelor of Accounting; (b) Bachelor of Business; (c) Bachelor of Commerce; (d) Bachelor of Economics; (e) Bachelor of Finance; (f) Bachelor of International Business. | between 1 March 2009 and 30 June 2018. | The relevant provider completed or completes the following units of study as part of the degree program: (a) ACC1AMD Accounting for Management Decisions; (b) FIN2IFP Introduction to Financial Planning; (c) FIN1FOF Fundamentals of Finance; (d) FIN21RP Insurance and Risk Planning; (e) FIN3PRE Principles of Retirement and Estate Planning; (f) ACC3TAX Taxation; (g) FIN3IPM Investment and Portfolio Management; (h) FIN3CFP Case Studies in Financial Planning. |
8 Schedule 1 (before table item 32 but after the subheading)
Insert:
31A | BP353 Bachelor of Accounting / Bachelor of Business. | during or after Semester 1 2023 and ongoing. | The relevant provider completed or completes the following units of study as part of the degree program: (a) BAFI1014 Personal Wealth Management; (b) BAFI1002 / BAFI2112 Financial Markets and Institutions or BAFI1002 / BAFI2112 Financial Markets; (c) ACCT2286 Superannuation and Retirement; (d) LAW2450 Company and Finance Law or LAW2457 Law of Investments and Financial Markets; (e) ACCT2287 Risk, Insurance and Social Security; (f) ACCT2285 Wealth Creation and Estate Planning; (g) BAFI1042 Equity Investment and Portfolio Management or BAFI1042 Investment; (h) ACCT2288 Financial Advisory Practice; (i) LAW2442 Business Law or LAW2442 Commercial Law; (j) ACCT1060 Managerial Advisory Finance / BAFI1008 Business Finance; (k) LAW2453 Taxation 1. Paragraph 6(2)(a) does not apply to this qualification as it includes an ethics unit of study |
9 Schedule 1 (table item 32A, column headed “Other conditions:”)
Omit “ACT2288”, substitute “ACCT2288”.
10 Schedule 1 (table item 34, column headed “Other conditions:”)
Omit “LAW2457 / 2452 / 2458”, substitute “LAW2457 / 2458 / 2542”.
11 Schedule 1 (table item 34, column headed “Other conditions:”)
Omit “ACT2288”, substitute “ACCT2288”.
12 Schedule 1 (table item 34, column headed “Other conditions:”)
Omit “QUA” (wherever occurring), substitute “OUA”.
13 Schedule 1 (table item 35, column headed “Other conditions:”)
Omit “ACT2288”, substitute “ACCT2288”.
14 Schedule 1 (table item 40A)
Repeal the table item, substitute:
40A | Bachelor of Business. | on or after 1 March 2018. | The relevant provider completed or completes the following units of study as part of the degree program: (a) LEGL1003 / LAW00150 Introduction to Business Law; (b) LAWS2001 / LAW00004 Company Law; (c) FINC2002 Behavioural Finance and Client Relationships; (d) FINC2005 Principles of Financial Planning; (e) FINC2006 Ethics and Professionalism; (f) ACCT2001 / ACC00132 Taxation; (g) FINC3001 Investments and Portfolio Management; (h) FINC2004 Superannuation and Retirement Planning; (i) FINC2007 Insurance and Risk Management; (j) FINC3003 Estate Planning. Paragraph 6(2)(a) does not apply to this qualification as it includes an ethics unit of study |
40B | Each of the following: (a) Bachelor of Business and Enterprise; (b) Bachelor of Business and Enterprise / Bachelor of Arts. | on or after 1 March 2021. | The relevant provider completed or completes the following units of study as part of the degree program: (a) LEGL1003 / LAW00150 Introduction to Business Law; (b) LAWS2001 / LAW00004 Company Law; (c) FINC2002 Behavioural Finance and Client Relationships; (d) FINC2005 Principles of Financial Planning; (e) FINC2006 Ethics and Professionalism; (f) ACCT2001 / ACC00132 Taxation; (g) FINC3001 Investments and Portfolio Management; (h) FINC2004 Superannuation and Retirement Planning; (i) FINC2007 Insurance and Risk Management; (j) FINC3003 Estate Planning. Paragraph 6(2)(a) does not apply to this qualification as it includes an ethics unit of study |
15 Schedule 1 (table item 42)
Repeal the table item, substitute:
42 | Bachelor of Applied Commerce majoring in Financial Planning. Note Until July 2017 this course was named “Bachelor of Applied Finance (Financial Planning)”. | on or after 1 January 2012. | N/A |
42A | Bachelor of Applied Commerce Accounting Financial Planning Double Major. | on or after 1 January 2012. | The relevant provider completed or completes the following units of study as part of the degree program: (a) ACBUS104A Finance and Investment; (b) ACBUS107A Financial Planning Fundamentals; (c) ACFIN201A Psychology of Client Engagement; (d) ACFIN202A Insurance Planning; (e) ACBUS203A Income Tax Law; (f) ACFIN301A Superannuation and Retirement; (g) ACFIN302A Investment Analysis; (h) ACFIN303A Estate Planning; (i) ACBUS301A Applied Income Tax; (j) ACFIN304A Financial Plan Construction; (k) ACBUS201A Commercial Law 1; (l) ACBUS202A Commercial Law 2; (m) ACBUS108A Applied Economics. |
16 Schedule 1 (table item 57)
Repeal the table item, substitute:
57 | Bachelor of Commerce. | during or after Semester 2, 2008 and before the end of Semester 1, 2012. | The relevant provider completed or completes the following units of study as part of the degree program: (a) FIN2106 Personal Financial Planning; (b) FIN5414 Managed Investments; (c) FIN5415 Superannuation and Retirement Planning; (d) FIN5416 Insurance Markets and Products; (e) LAW1101 Introduction to Law; (f) ACC1101 Accounting for Decision Making. |
17 Schedule 1 (after table item 111A)
Insert:
111B | Master of Finance / Master of Financial Planning. | on or after 1 July 2019. | Paragraph 6(2)(a) does not apply to this qualification as it includes an ethics unit of study |
18 Schedule 2 (table item 5)
Repeal the item, substitute:
5 |
| Ethics for Professional Advisers bridging unit | Either: (a) MAA769 / MAI769 / IPA001 Ethics for Financial Services; or (b) MAA250 Ethics for Financial Professionals |