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
Stage 5
The role of consumers
Factors influencing consumer decisions
Payment methods and their advantages and disadvantages
The need for consumer protection
Identifying and managing risks as a consumer, including scams and identity theft
The legal rights of consumers
The role and importance of organisations that assist consumers
Options for consumer redress, including refunds, repairs and replacements
The implications of decisions related to earning, saving, spending and investing money
Borrowing money to meet needs and wants, including the conditions of loans from a financial institution
The importance of personal financial management strategies, including budgeting and superannuation
Money management tools to monitor achievement of financial goals, including financial records, spreadsheets, budgeting apps and bank statements
Options available to consumers to address financial difficulties
Investigate a current issue in relation to the consumer and/or financial environment, and communicate findings using relevant subject-specific terminology in written, oral, visual or multimodal form
Create written texts to explain and analyse aspects of the consumer and financial environment