7–10Commerce 7–10 Syllabus
The new Commerce 7–10 Syllabus (2024) is to be implemented from 2027.
2025 and 2026 – Plan and prepare to teach the new syllabus
2027 – Start teaching new syllabus
School sectors are responsible for implementing syllabuses and are best placed to provide schools with specific guidance and information on implementation given their understanding of their individual contexts.
Content
Life Skills
Through collaborative curriculum planning, it may be decided that Life Skills outcomes and content are the most appropriate option for some students with intellectual disability.
This content aligns with course content from the following focus areas:
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Basic needs of individuals
Goods and services that meet basic needs
Goods and services that meet a person’s wants
Different providers of goods
Different providers of services
How to access goods and services
What consumers do
Decisions made by consumers
Goods and services provided by Aboriginal and/or Torres Strait Islander Peoples
Where to obtain goods and services
Various ways of paying for goods and services
Reasons for choosing particular payment methods when purchasing goods and services
Ways that consumers can make safe decisions online
The impact of technology on banking and payment methods
Safe practices when using technology to manage finances
Responsible behaviours when purchasing goods or services
Reasons for consumer protection
Legal rights for the protection of consumers
Reasons for returning goods
How to recognise consumer scams
Strategies to manage scams
Support processes and services for consumers
Factors that influence spending and saving
How to budget to reach financial goals
Ways money may be borrowed
Reasons to borrow money
Implications of borrowing money
Reasons for accessing financial support
Types of financial support available
Strategies for personal financial management
What it means to invest
Reasons for investing
Options for investing
Advantages and disadvantages of different investment options
Ways that investors reduce risk
The role of a financial service provider
The importance of using trusted sources for financial advice
Types of financial service providers
Factors to consider when choosing financial service providers
Investigate a current issue in relation to the consumer and/or financial environment
Communicate solutions and/or actions in response to the current issue investigated
Create an oral, visual, written or multimodal text to communicate ideas relating to the consumer and financial environment