Not offered in 1996. Professor David Knox 300-301 The Actuarial Control Cycle or 306-331 Investments. Three hours a week of lectures and/or tutorials. On completion of this subject a candidate should be able to:

• explain the nature of the Australian superannuation market:
• explain the main types of superannuation benefits;
• understand legislation relating to superannuation funds;
• explain the different funding methods for superannuation plans;
• discuss investment strategies and the suitability of assets for superannuation funds;
• explain how assets and liabilities should be valued.

the Australian superannuation market; benefit design; legislation for superannuation funds; funding methods; investment strategies; valuation od assets and liabilities. One 3-hour examination (80%) and class assignment(s) not exceeding 3,000 words in total (20%).