309010 (v.1) Principles of Insurance and Superannuation 201

Area:

Department of Mathematics and Statistics

Credits:

25.0

Contact Hours:

4.0

** The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline. **

Lecture:

1 x 3 Hours Weekly

Tutorial:

1 x 1 Hours Weekly

Syllabus:

The purpose of insurance. History and development of insurance in Australia. The operation and statutory requirements of insurance companies and the role of the actuary. The products offered and their uses in society and financial planning. Some basic actuarial concepts will be introduced as well as the taxation and investment aspects of the various insurance products. The history of the superannuation industry in Australia and current practice. The various types of superannuation schemes available, including public sector, corporate and industry funds, master trusts and self managed superannuation funds. Their taxation and investment advantages and roles in retirement planning. Funding and investment strategies. The relationship of superannuation to thesocial security system.

** To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement. **

Field of Education:

081103 Insurance and Actuarial Studies

Funding Cluster:

02 - Accounting, Administration, Economics, Commerce

SOLT (Online) Definitions*:

Informational
*Extent to which this unit or thesis utilises online information

Result Type:

Grade/Mark

Availability

Year	Location	Period	Internal	Partially Online Internal	Area External	Central External	Fully Online
2006	Bentley Campus	Semester 1	Y

Area External	refers to external course/units run by the School or Department or offered by research.
Central External	refers to external and online course/units run through the Curtin Bentley-based Distance Education Area
Partially Online Internal	refers to some (a portion of) learning provided by interacting with or downloading pre-packaged material from the Internet but with regular and ongoing participation with a face-to-face component retained. Excludes partially online internal course/units run through the Curtin Bentley-based Distance Education Area which remain Central External
Fully Online	refers to the main (larger portion of) mode of learning provided via Internet interaction (including the downloading of pre-packaged material on the Internet). Excludes online course/units run through the Curtin Bentley-based Distance Education Area which remain Central External