Not currently offered
Course code



10 units


6000 level

Course handbook


Ethics in Financial Services introduces applicable laws, rules and regulations governing professional conduct, and offers students theoretical and practical understanding of the code of ethics in financial services. The duties which professionals have to their clients, employers, other professionals and the community are discussed and examined in business cases. The course equips students with the knowledge and confidence to identify and apply a due process in offering sound and professional services to their prospective clients.

GSBS6516 Ethics in Financial Services is a Financial Adviser Standards and Ethics Authority (FASEA) accredited Bridging Unit for inclusion in the Corporations (Relevant Providers Degrees' Qualifications and Course Standards) Determination 2018 Legislative Instrument.


Not currently offered.

This Course was last offered in Trimester 1 - 2020.

Learning outcomes

On successful completion of the course students will be able to:

1. Articulate the importance of a code of ethics and why financial advisers need to work and abide by an approved code in the context of professional standards.

2. Identify different ethical frameworks.

3. Analyse and evaluate ethical dilemmas encountered by financial advisers and apply ethical frameworks to solve these.

4. Identify the importance of the best interest duty of a financial adviser.

5. Summarise the need for due diligence and the need to maintain client files and records.

6. Explain the values that underpin the FASEA Code of Ethics.

7. Apply the requirements as specified in the FASEA Code in professional practice.

8. Be able to communicate understanding of theoretical concepts and applications to professional practice.


The course will cover the following content:

  1. Ethical theory and framework
  2. Ethical decision making
  3. Individual Cognitive biases
  4. Sources of judgement and decision biases
  5. Reflective practice
  6. FASEA Code of Ethics and application
  7. Due care and diligence
  8. Best interest duty
  9. Professional body codes (comparison)
  10. Professions and professionalism


Assessment items

Quiz: Quiz

Written Assignment: Written Assignment

Written Assignment: Written Assignment and Oral Presentation

Written Assignment: Final Written Assignment

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.