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Can Stakeholders be Satisfied with Accountants’ Education to Act as Advisors to Self-Managed Superannuation Funds Cover

Can Stakeholders be Satisfied with Accountants’ Education to Act as Advisors to Self-Managed Superannuation Funds

Open Access
|Mar 2024

Figures & Tables

Coverage of SMSFs in lectures

Course nameTotal Not Covered or < 5 mins5 mins to < 30 mins30 mins to < 2 hours> 2 hours
Intro to Law90.90%0%9.00%0%
Intro to Business Law96.90%0.0%3.10%0%
Law of Associations95.00%5.0%0.00%0%
Company100.00%0.0%0.00%0%
Tax82.70%6.9%10.20%0%
Average for mandatory courses93.1%2.4%4.5%0.0%
Advanced Company100%0%0%0%
Advanced Tax33%17%50%0%
Other Business Law94%0%6%0%
Average for elective courses75.9%5.6%18.5%0.0%
Accounting courses92.8%0.0%7.2%0.0%

Coverage of SMSFs in assessment structure

Course name0% to < 5 %5% to < 20%>20%
Intro to Law91%5%5%
Intro to Business Law97%3%0%
Law of Associations100%0%0%
Company100%0%0%
Tax93%4%4%
Average for mandatory courses96%2%2%
Advanced Company100%0%0%
Advanced Tax75%17%8%
Other Business Law100%0%0%
Average for elective courses92%6%3%
Accounting courses100%0%0%

Coverage of SMSFs in tutorials

Course nameTotal Not Covered or < 5 mins5 mins to < 30 mins30 mins to < 2 hours> 2 hours
Intro to Law90.91%5%5%0%
Intro to Business Law93.75%0%6%0%
Law of Associations100%0%0%0%
Company100%0%0%0%
Tax82.14%11%7%0%
Average for mandatory courses93.4%3.1%3.6%0.0%
Advanced Company100%0%0%0%
Advanced Tax50%8%33%8%
Other Business Law100%0%0%0%
Average for elective courses83.3%2.8%11.1%2.8%
Accounting courses93%4%4%0%

Coverage of SMSF topics in lectures

Topics coveredTopics not covered or < 5 mins5 mins to < 30 mins30 mins to < 1 hour1 hour to < 2 hours2 hours to < 5 hours> 5 hours
MEAMEAMEAMEAMEAMEA
Nature of and governing law4257605033408100000000000
Formalities5048804243208100000000000
Liability issues4248805843200100000000000
Asset protection3357806733200100000000000
Admission of new members5071805019200100000000000
Distributions from fund42438042482017100000000000
Cessation of fund6762100252908100000000000
Taxation of fund contributions, profits and distributions4233100423801710001000100000
Delay of access to funds5033100425708100000000000

Business Law courses

Course nameResponse countIs it a ‘mandatory’ courseYour role with the course: Lecturer-in-Charge
Mandatory
Intro to Law2592.3%69.2%
Intro to Business Law4089.2%64.9%
Law of Associations2281.8%77.3%
Company2688.5%57.7%
Tax3086.7%90.0%
Elective
Advanced Company333.3%67%
Advanced Tax1215.4%92%
Other Business Law1815.8%74%
DOI: https://doi.org/10.2478/fprj-2016-0002 | Journal eISSN: 2206-1355 | Journal ISSN: 2206-1347
Language: English
Page range: 36 - 54
Submitted on: Jan 29, 2016
|
Accepted on: Jun 2, 2016
|
Published on: Mar 18, 2024
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2024 Brett Freudenberg, Dale Boccabella, published by Financial Advice Association of Australia
This work is licensed under the Creative Commons Attribution 4.0 License.