LAW5150

Superannuation law 506 ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader:

Offered:
Not offered in 2005.

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 subject, a student should understand (a) the structure of different types of superannuation funds in Australia and the reasons for these differences; (b) the operation of superannuation funds including (i) 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 (c) the role of the Superannuation Complaints Tribunal and the Insurance and Superannuation Commissioner and other administrative bodies.

Assessment: Written assignment (max. 2000 words): 20% + Open-book examination (3 hours): 80%. + Students may be permitted to undertake written assignments (max. 5000 words on approved research topics worth up to 50% of the total assessment

Prerequisites: LAW4169 Equity, LAW4170 Trusts or LAW4201 Equity and Trusts