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Welcome to the NSW Curriculum website

NSW Curriculum
NSW Education Standards Authority

7–10Commerce 7–10 Syllabus

Record of changes
Implementation from 2027
Expand for detailed implementation advice

Content

Life Skills

Life Skills for Stage 4/5

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.

The consumer and financial environment

This content aligns with course content from the following focus areas:

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Consumer decisions
  • 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

Consumer protection
  • 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

Financial decisions
  • 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

Investment planning and decisions
  • What it means to invest

  • Reasons for investing

  • Options for investing

  • Advantages and disadvantages of different investment options

  • Ways that investors reduce risk

Financial service providers
  • 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

Thinking, researching and communicating
  • 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

Related files