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Essay Details and Requirements
This assessment requires you to write an essay addressing the impact the Royal Commission
into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal
Commission) has on the key participants in the financial system.
Your selected company will be assigned by your class teacher and must be one of the
following companies:
Commonwealth Bank of Australia
Westpac Banking Corporation
National Australia Bank
Australia and New Zealand Banking Group
AMP Superannuation
The Royal Commission was established on 14 December 2017 after the government of the
day succumbed to the opposition and public pressure.
While companies resisted calls for a Royal Commission into their business dealings, the
findings from the Royal Commission not only exposed significant misconduct from these
companies, but also revealed the lenient behaviour of regulators in dealing with such
misconduct.
Essay Question:
Examine how the share price of your allocated company was affected by the Royal
Commission and pick one of the following recommendations from the Royal Commission that
you think is the most important for your company.
Recommendation 1.2 — Best interests duty
Recommendation 1.7 — Removal of point-of-sale exemption
Recommendation 1.8 — Amending the Banking Code
Recommendation 1.17 — BEAR product responsibility
Recommendation 3.2 — No deducting advice fees from MySuper accounts
Recommendation 3.3 — Limitations on deducting advice fees from choice accounts
Resources required (helpful hints):
i. The Royal Commission final report can be found here:
https:/financialservices.royalcommission.gov.au/Pages
eports.aspx#final
ii. Your essay should also include charts, tables or figures of your company’s share
price, before and after the Royal Commission. Please make sure that these charts,
tables or figures are fully interpreted and clearly linked to the argument.
iii. This is an essay, therefore establish an argument with supporting evidence (examples)
and convince the reader of your perspective. It is similar to telling a story.
iv. Ensure the Appendices are inserted after the Reference List.
FIM Individual Essay Guidelines XXXXXXXXXX
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1al Essay Guidelines XXXXXXXXXX
30f4
SUBMISSION INFORMATION & GUIDELINE
Please note the following points:
1) Students are required to upload their essay online through Turnitin on Moodle by the
end of Week 10.
2) You must include your full name and student number on the first page of you
assignment.
3) This is an online submission only assignment. The digital receipt generated by
Turnitin and sent to the student's email account must be retained as proof of
submission.
4) Only submit WORD documents NOT PDF.
5) The essay must be word processed in Arial font, 12 point with a line-spacing of 1.5.
6) Students are expected to submit 500 words (10%) (excluding the reference list and
appendices).
7) ltis not necessary to include a cover page, table of contents. If included, these sections
will not contribute towards the total word count or the total marks.
8) Please refer to Section 3 of the Learning Guide for details on Late Submissions.
9) Your submission will be marked out of 40 marks and is worth 15% of your final grade.
10) The Essay-Marking Criteria will show you how your mark will be determined and
provide a form of additional feedback. A copy of the Marking Guide is also available in
the Learning Guide.
11) Please note this is an individual assignment and students should work independently.
Any evidence of collusion will be reviewed and may lead to the application of the
Student Misconduct Rule.
12) You must include a reference list and in-text citation wherever used. Please
include any references you have used and cited in your report. You must use the
Harvard referencing system as per the guide available from the Western Sydney
University li
ary website. For guidance on citation and referencing, please refer to the
URL links below. This will ensure that you use the co
ect referencing approach.
Citation guide
http:
li
ary. westernsydney.edu.au/main/guides
eferencing-citation/i%3aCite
Harvard UWS referencing guide
http:
li
ary.westernsydney.edu.au/main/sites/default/files/cite_Harvard.pdf
While attempting this task you are STRONGLY reminded of the importance of maintaining the
originality of your work. Please make sure you use your own words to describe your ideas, and
acknowledge the ideas, opinions and theories of others where you include them in your work.
Submitting work that is not your own original effort has serious consequences ranging from the
need to re-submit the assessment task to a finding of serious academic misconduct and
suspension or exclusion from The College.
FIM Individual Essay Guidelines XXXXXXXXXX
MARKING CRITERIA — ESSAY (the raw mark is out of 40 which is then scaled to 15%
weighting)
Meets
Below LY
Criteria
standard standard standard
Introduction and There is no Introduction included but Effective introduction
overview clear does not include an including an overview and
introduction. effective overview and/or an outline of main points.
(5 marks) outline.
0
05-35
4-5
Data presentations
(5 marks)
Charts/tables/figures are not
included or are included but
are not interpreted or linked
to the argument.
Charts/tables/figures are
included where and are
appropriately interpreted o
linked to the argument.
Charts/tables/figures are
included where and are fully
interpreted and clearly linked
to the argument
0-2
25-35
4-5
@ learning.westernsydneyinternational.edu.au