ASSESSMENT FOR BUSINESS FINANCE
Unit Title Assessment Type Assessment Title
Assessment Details and Submission Guidelines
Business Finance
Individual Assignment
Fact finding of the listing and trading practices in financial markets in Australia
Purpose of the assessment (with ULO Mapping) This individual assignment is mainly based on the learning outcome 1. It allows students to:
• - do a research and explain the structure of Australian and International
financial systems;
• - Critically analyse the role of finance in business;
• - Explain financial markets and different types of securities and the processes
related to their investment;
• - Interpret the impact of future developments in the financial markets on
business structure and performance.
Word limit : 1,500 words (Maximum)
Due Date Week 9 – Saturday , 19th September, 2020, 23:59 pm. (Midnight)
Late submission incurs penalties of 5 (five) % of the assessment value per calendar day unless an extension and/or special consideration has been granted by the lecturer prior to the assessment deadline.
Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed assignment cover page. Please make sure that your name and surname, student ID, subject name, and code and lecture’s name are written on the cover sheet of the submitted assignment.
• Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style. Submitted work should be your original work showing your creativity. Students need to read and understand the Holmes Academic Integrity Policy before they start any assessment. (Please refer section 4.3 Guide to Academic Integrity p 27 of the Holmes Student Handbook and read Six
Categories of Academic Integrity Breaches at the end of assignment carefully)
• The assignment must be in MS Word format, no spacing, 12-pt Arial font, justify and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. PDF and other Black Board unsupported files will not be marked. When you submit your assignment electronically, please save the file as ‘Individual Assignment- your student number .doc’. You are required to submit the assignment at Blackboard/Assessments/Individual Assignment Information/Individual Assignment and Submission Link.
• Always keep an electronic copy of your original file until you have received the final grade for the Unit. Please make sure that you submit the correct file in the correct format that is readable in Black Board. Any appeal relating to submitting wrong files and wrong format after the deadline will not be considered.
Assignment Task:
Individual Assignment Specifications
Go to the websites of Australian Stock Exchange (ASX) at www.asx.com.au and Australian Securities and Investment Commission (ASIC) at https://asic.gov.au/ to investigate about listing and trading practices in Australian financial market. You are required to prepare a short report to answer the following questions:
1. What disclosure documents does a firm need to give potential investors when they would like to raise capital in the Australian financial market? Briefly explain the content of each document.
2. What is the name of the document that a firm will need to get ASIC’s approval before they can conduct an IPO? How is that document lodged and approved?
3. What are the benefits and challenges for a firm to be listed and traded on ASX?
4. What are the criteria a firm have to satisfy before its shares can be listed and traded on ASX?
5. How is the listing fee calculated in the ASX? If a firm plans to issue 15 million shares with the face value of $10/share. How much is initial and annual listing fee applied for the company?
Note:
1. You are NOT ALLOWED to copy any information directly from those websites and It is highly recommended that you to understand the basics and prepare your essay using your own writing style. Where necessary you can use tables to arrange your answer.
2. Please cite all the information sources used in the essay in the reference list and in text.
3. 3. Using secondary data (researches done by others) for fact findings is NOT RECOMMENDED and will be PENALIZED. Please also note: the assignment for HC2091 is DIFFERENT every trimester. Attempts to submit a PREVIOUS TRIMESTER ASSIGNMENT or A WRONG ASSIGNMENT will get a ZERO (0) mark without any consideration for resubmission.
The assignment structure must be as follows:
Institute Assignment Cover Sheet – Full Name, Student No., Campus, Session No.
Executive Summary (maximum 150 words, excluded from total word count): This part should be concise and not involve too much detail. It includes the main points only and follow the sequence of the report. Write the Executive Summary after the report is completed, and once you have an overview of the whole text. The Executive Summary appears on the first page of the report.
Contents Page (excluded from the total word count): This part needs to show a logical listing of all the sub- headings of the report’s contents
Introduction (less than 100 words): A short paragraph which includes the background, scope and the main points raised in order of importance. There should be a brief conclusion statement at the end of the Introduction.
Main Body Paragraphs with numbered sub-headings – Detailed information which elaborates on the main points raised in the Introduction. Each paragraph should begin with a clear topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence at the end.
Conclusion (less than 100 words): A logical and coherent evaluation based on a thorough and an objective assessment of the assessment task performed.
References (excluded from total word count): Reference sources listed appropriately using Harvard referencing style.
Appendices (excluded from total word count): Include any additional explanatory information which is supplementary and/ or graphical to help communicate the main ideas made in the report. Refer to the appendices in the main body paragraphs, as and where appropriate
Marking Criteria marks
1. What disclosure documents does a firm need to give potential investors when they would like to raise capital in Australian financial market? Briefly explain the content of each document. 3 marks
2. What is the name of the document that a firm will need to get ASIC’s approval before they can conduct an IPO? How is that document lodged and approved? 2 marks
3. What are the benefits and challenges for a firm to be listed and traded on ASX? 3 marks
4. What are the criteria a firm has to satisfy before its shares can be listed and traded on ASX? 3 marks
5. How is the listing fee calculated in the ASX? If a firm plans to issue 15 million shares with the face value of $10/share. How much is the initial and annual listing fee applied for the company? 2 marks
6. Academic writing, structure and referencing 2 marks
Total Marking 15 marks
Marking Rubric
What disclosure documents does a firm need to give potential investors when they would like to raise capital in Australian financial market? Briefly explain the content of each document. Outstanding review of disclosure documents a firm need to give potential investors when they would like to raise capital in Australian financial market with in- detailed information and deep analysis. Very good review of disclosure documents a firm need to give potential investors when they would like to raise capital in Australian financial market with sufficient information and analysis. Good review of disclosure documents a firm need to give potential investors when they would like to raise capital in Australian financial market with adequate information and analysis. Satisfactory review of disclosure documents a firm need to give potential investors when they would like to raise capital in Australian financial market. Some details may be missed out Fail to identify disclosure documents a firm need to give potential investors when they would like to raise capital in Australian financial market.
What is the name of the document that a firm will need to get ASIC’s approval before they can conduct an IPO? How is that document
lodged approved?
and Identified correctly the name of the disclosure document and exceptionally well describe how the document is lodged and approved by ASIC. Identified correctly the name of the disclosure document and very well describe how the document is lodged and approved by ASIC Identified correctly the name of the disclosure documents and well describe how the document is lodged and approved by ASIC. Identified correctly the name of the disclosure documents and properly describe how the document is lodged and approved by ASIC with some missing information. Identified incorrectly the name of the disclosure documents and failed to describe how the document is lodged and approved by ASIC.
What are the
benefits challenges for a firm to be listed and traded on ASX?
and Outstanding review of benefits and challenges for a firm to be listed and traded on ASX. Very good review of benefits and challenges for a firm to be listed and traded on ASX. Good review of
benefits
challenges for a firm to be listed and traded on ASX.
and Satisfactory review of benefits and challenges for a firm to be listed and traded on ASX. Failed to review benefits and challenges for a firm to be listed and traded on ASX.
What are the criteria a firm has to satisfy before its shares can be listed and traded on ASX? Outstanding review of the criteria a firm have to satisfy before its shares can be listed and traded on ASX. Very good review of the criteria a firm have to satisfy before its shares can be listed and traded on ASX. Good review of the criteria a firm have to satisfy before its shares can be listed and traded on ASX Satisfactory review of the criteria a firm have to satisfy before its shares can be listed and traded on ASX. Unsatisfactory review of the criteria a firm have to satisfy before its shares can be listed and traded on ASX.
How is the listing fee calculated in the ASX? If a firm plans to issue 15 million shares with the face value of $10/share. How much is the initial and annual listing fees applied for the company? Outstanding discussion of how listing fee is calculated in the ASX. Correct calculation and outstanding presentation of the initial and annual listing fees applied for the case study Very good discussion of how listing fee is calculated in the ASX. Correct calculation and very good presentation of the initial and annual listing fees applied for the case study. Good discussion of how listing fee is calculated in the ASX. Correct calculation and good presentation of the initial and annual listing fees applied for the case study. Satisfactory discussion of how listing fee is calculated in the ASX. Correct calculation and proper presentation of the initial and annual listing fees applied for the case study. No discussion of how listing fee is calculated in the ASX. Incorrect calculation and presentation of the initial and annual listing fees applied for the case study.
Academic writing, structure and referencing. Assignment structure
is an application provided and format.
excellent of the template
Demonstrated a high level of understanding and skills of academic writing by means of criticism, logical argument, and interpretation of data and information. Assignment structure is in very good coherent with the provided template and format.
Demonstrating the ability to present the ideas in outstanding analytical and contextual level. Assignment structure is in proper coherent with the provided template and format.
Demonstrating the ability to present the ideas in proper
analytical contextual level.
and Assignment structure is partly in coherent with the provided template and format. Incompleteness may be seen in introduction or conclusion.
Demonstrating limited skills of academic writing in terms of structure, presentation, wordings and referencing Assignment structure is not in coherent with the provided template and format.
Failing to meet the
requirements
academic writing in terms of structure, presentation, wordings and referencing