SUBJECT CODE & NAME: FIN203 Banking & Finance Section Comments/Notes 3. Assessment Details:...

Question

SUBJECT CODE & NAME: FIN203 Banking & Finance
Section Comments/Notes
3. Assessment Details: Assessment 2
Assessment type:

Purpose:

Value:

Submission:

Research Report – 2500 words report - Individual assessment

This project will further students’ understanding of Australia’s self-managed super funds (SMSFs) and perceived
isk. This assessment contributes to Learning Outcomes a, c and f.

30% XXXXXXXXXXDue Date: 11:59 P.M. Sunday Week 10

One soft copy (Word .doc or .docx) of the report to be uploaded to Moodle Turnitin by 11:59 P.M. Sunday.
Assessment topic/s: Assessment of the Self-Managed Super Funds (SMSFs)
Full task details of the
assessment:

Task Details:

Task: The largest part of the managed funds industry in Australia is the superannuation sector, of which self-
managed superannuation funds (SMSFs) constitute over $700biillion in assets. Students will obtain data on
various superannuation funds from 2007 to 2018 and produce a report that addresses the following questions:
a. Describe the structure of SMSFs, including how they are managed and regulated.

. How are SMSF funds invested relative to other funds. Are SMSF investment portfolios more or less
diversified than others?

c. Examine the returns on SMSF investment portfolios relative to others from 2007 to 2018. Which of
them performed better?
d. Given your insights from a – c, recommend to the Australian government a financial policy that could
ensure the sustainability of SMSF.
In addition to illustrating the discussion with tables and graphs, students need to support their analysis with a
minimum of six (6) suitable, cu
ent and academically accepted sources -check with your tutor if unsure of you

Research Requirement
Presentation:

sources. Students seeking Credit or higher grades should support their analysis with increased number of
eference sources consistent with the grade they are seeking.

Every page should clearly be numbered, and the assignment organised as follows:

(a) A KOI Cover Sheet for an Individual Assignment.

(b) A title page, which indicates Subject title, Subject Code, Trimester number, Assignment title, your full
name and KOI student number, word count and Tutor’s name.

(c) Executive Summary

(d) Table of Contents

(e) Body (main contents – each to be a separate numbered section).

- Introduction
- Research – literature review
- Analysis – this is the major part of your assignment and requires numbered sub-sections
- Recommendations
- Conclusion
(f) References
(g) Appendices
(h) A Turnitin validation page showing the Similarity score for your assignment
(i) A copy of the Marking Ru
ic
Reading and Research 30
Written presentation 20
Analysis 30
Recommendations and conclusions 20
Total 100

This total will be converted to a mark (co
ect to the nearer whole number), out of 30%

SUBJECT CODE & NAME: FIN203 Banking & Finance
Section Comments/Notes
3. Assessment Details: Assessment 2
Assessment type:

Purpose:

Value:

Submission:

Research Report – 2500 words report - Individual assessment

This project will further students’ understanding of Australia’s self-managed super funds (SMSFs) and perceived
isk. This assessment contributes to Learning Outcomes a, c and f.

30% XXXXXXXXXXDue Date: 11:59 P.M. Sunday Week 10

One soft copy (Word .doc or .docx) of the report to be uploaded to Moodle Turnitin by 11:59 P.M. Sunday.
Assessment topic/s: Assessment of the Self-Managed Super Funds (SMSFs)
Full task details of the
assessment:

Task Details:

Task: The largest part of the managed funds industry in Australia is the superannuation sector, of which self-
managed superannuation funds (SMSFs) constitute over $700biillion in assets. Students will obtain data on
various superannuation funds from 2007 to 2018 and produce a report that addresses the following questions:
a. Describe the structure of SMSFs, including how they are managed and regulated.

. How are SMSF funds invested relative to other funds. Are SMSF investment portfolios more or less
diversified than others?

c. Examine the returns on SMSF investment portfolios relative to others from 2007 to 2018. Which of
them performed better?
d. Given your insights from a – c, recommend to the Australian government a financial policy that could
ensure the sustainability of SMSF.
In addition to illustrating the discussion with tables and graphs, students need to support their analysis with a
minimum of six (6) suitable, cu
ent and academically accepted sources -check with your tutor if unsure of you

Research Requirement
Presentation:

sources. Students seeking Credit or higher grades should support their analysis with increased number of
eference sources consistent with the grade they are seeking.

Every page should clearly be numbered, and the assignment organised as follows:

(a) A KOI Cover Sheet for an Individual Assignment.

(b) A title page, which indicates Subject title, Subject Code, Trimester number, Assignment title, your full
name and KOI student number, word count and Tutor’s name.

(c) Executive Summary

(d) Table of Contents

(e) Body (main contents – each to be a separate numbered section).

- Introduction
- Research – literature review
- Analysis – this is the major part of your assignment and requires numbered sub-sections
- Recommendations
- Conclusion
(f) References
(g) Appendices
(h) A Turnitin validation page showing the Similarity score for your assignment
(i) A copy of the Marking Ru
ic
Reading and Research 30
Written presentation 20
Analysis 30
Recommendations and conclusions 20
Total 100

This total will be converted to a mark (co
ect to the nearer whole number), out of 30%

fin203-t2020-assessments-fdeigmcy.pdf fin203-t2020-assessments-smlropun-cocwkqvs.pdf

Harshit · Accepted Answer

ASSESSMENT OF THE SELF-MANAGED SUPER FUNDS
EXECUTIVE SUMMARY
This assignment explains how the Self-Managed Superannuation Funds or commonly known as SMSFs work and how are they managed. The assignment help is the understanding of the rules and regulations regarding these funds. This also discusses the comparison of SMSFs with other funds and how are they different from other funds. This assignment also illustrates the return from the SMSFs in the past 10 years and the SMSFs which performed better than others. This also discusses about the diversification of the portfolio of these funds and the risk assessment of SMSFs. This assignment also elaborates on the financial policies that could help in the sustainability of the SMSFs.
	Serial Number
	Contents
	Page Number
	1.
	Introduction
	1
	2.
	Structure of Self-Managed Superannuation Funds
	2-3
	3.
	Comparison Of Self-Managed Superannuation Funds With Other Funds
	4
	4.
	Returns on Self-Managed Superannuation Funds
	5-6
	5.
	Recommendation 
	7
	6.
	Conclusion
	8
	7.
	Referencing
	9
INTRODUCTION
Superannuation funds are those funds in which investment is made for some time which would accumulate to become a fund and that will be available at the retirement in the future of the employees. It works for the pension plans for any organization and has almost negligible tax implications in the lifetime of these funds before the same withdrawal upon retirement. Superannuation funds are set up by the organizations so that the employer can make contributions to these funds and can be utilized for the payment to the employee upon retirement (Arnold, B., Bateman, H., Ferguson, A. and Raftery, A., 2017). The superannuation funds are the portfolio of such investments wherein the risk is very low and the return though of lower is consistent. The market factors and instabilities do not affect the superannuation funds.
Self-managed Superannuation Funds are those funds that are funds that are managed and controlled by self and the owners of these funds have direct control over the funds. These funds can be formed for a maximum of four members and the fund will be used after the retirement of those members or to the nominees in case of death. The Self-managed Superannuation Funds are institutionalized as an identity of its own as it has its TFN (Tax File Number), ABN (Australian Business Number) and a different operational bank account through which the SMSFs receive the amount of contribution and make an investment in the desired portfolio and also make payments to the members after their retirement. The payment is made in the form of a single lump-sum amount or the form of monthly payments of pension.
STRUCTURE OF SELF-MANAGED SUPERANNUATION FUNDS
The Self-managed Superannuation Funds have to operate through their separate bank account wherein all the contribution is collected and the payment is made for the investments made by the fund and the payment for the members retired. This fund is created in the form of a trust and has to be managed as per the guidelines issued under the superannuation legislation. This trust is operated and controlled by the trustees and these trustees ensure the compliance of the superannuation rules. The members in a retail fund appoint a board that manages the fund on behalf of all the members of the board but in the case of SMSFs, each member is a trustee individually.
Self-managed Superannuation Funds are under the direct regulation of the ATO and indirect regulation of ASIC. The financial reporting compliance and the taxation matters are under the compliance responsibility of the ATO. The auditing compliance is governed by the ASIC. If SMSFs are required to be set up, it can be done either in the form of an individual trustee or a corporate trustee structure. Each structure has its own unique set of laws and varied costs and different style of management (Bird, R., Foster, D., Gray, J., Raftery, A., Thorp, S. and Yeung, D., 2016).
While setting up a self-managed Superannuation Fund, the prima facie question to be answered is whether to establish an Individual SMSFs or a Corporate SMSFs. Both the structures are explained below:
INDIVIDUAL SELF-MANAGED SUPERANNUATION FUNDS: 
As cleared in the name of this fund, this is managed by individual members who are also the trustee of this fund. There has to be a minimum of two trustees and the maximum limit for the number of trustees is four. In the case of a single-member funds, the number of the members can be less than two. The members who are also the trustees of the fund cannot be employed by any other member of the fund. They can be an employee of another member only if the two individuals are related to each other. The ownership of the assets of the funds is with the individual self-managed superannuation funds but the same is registered under the individual trustee's name. For being a member of the SMSFs,

SUBJECT CODE & NAME: FIN203 Banking & Finance Section Comments/Notes 3. Assessment Details: Assessment 2 Assessment type: Purpose: Value: Submission: Research Report – 2500 words report - Individual...

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