A1 - Oral Presentation worth 20% PDF

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Oral Presentation worth 20%...

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QUEENSLAND UNIVERSITY OF TECHNOLOGY QUT Faculty of Business & Law School of Accountancy

AYB232 Financial Services Regulation and Law SEMESTER TWO 2021

ASSESSMENT 1: RESEARCH ACTIVITY (Presentation) (Weighting Total – 20%) Due:

11.59pm Sunday 5 September 2021 (end of week 6)

Submission:

Via Blackboard

Type:

Individual

Length:

5 to 7 minutes

This assessment item assesses the following Learning Outcomes and Assurance of Learning goals: Unit Learning Outcomes

2. Exercise critical thinking, evaluation and judgement for evidence-based problem solving and decision making in the context of participants' perspectives of financial services regulation. 3. Communicate in oral forms to clearly and professionally structure and present ideas, judgements and opinions. AOL Goals Higher-Order Thinking (HO)

2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for effective planning, problem-solving and decision making in diverse contexts. Professional Communication (PC)

3.2 Use information literacy skills and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.

Overview Students will select a topic from the options provided, research the topic, analyse the issues and relevant financial services regulation and present their conclusion in a five-minute presentation. The purpose of assessment is to develop research and presentation skills and apply theory to practice. You should discuss how relevant legal principles, case law and legislation apply to your assignment topic in your presentation. Students should analyse the task, referencing relevant legal principles, case law and legislation and come to a coherent conclusion. Presentation aids (e.g. Powerpoint) should address the issues raised and support your oral presentation. Refer to the Research Presentation Options (below) document and the Assessment Criteria Sheet for further information.

Presentation Format You should present your arguments concisely, coherently and logically and articulate a clear conclusion. Please refer to the assignment criteria for further information. Note that you must have a brief introduction and conclusion. In addition, you should include evidence of your research in APA style in a single slide at the end of your presentation. You can find information on how to prepare, practice and deliver a presentation here: https://qutvirtual4.qut.edu.au/group/student/study/assignments/presenting.

Submitting Your Presentation You should record your presentation and submit a link to your recording on the Blackboard page provided. Once you're on the page, submit the link to your presentation using the 'write submission or embed media button'.

Do not upload a video file.

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Topic Options Research and present on one (1) of the following topical topics: Option 1 Background Refer to the article regarding unethical behaviour, "Adviser banned for five years for misleading super advice", from SMSF Adviser Magazine, 29 April 2021, at the following link. https://www.smsfadviser.com/news/19962-adviser-banned-for-five-years-for-misleading-superadvice The article reports on an adviser who ASIC banned for five years. ASIC found examples of unethical advisor conduct concerning communications, documentation, advice and competence. Research Report Task Examine ethical behaviour, documentation requirements and business practices. In this context, consider the requirement for an adviser to act in their clients' interest, be competent in the area they advise, and not engage in misleading or deceptive conduct. Comment on how you think an adviser could avoid such a situation. Note: As part of your answer, you will need to consider the adviser's obligations to clients and the licensee's responsibilities. When reaching a conclusion on the issues raised, you should consider all relevant perspectives – e.g., consumers, financial advisors, licensees, and regulators.

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Option 2 Background Refer to the article relating to the disclosure of fees, "BID to 'intersect' with design and distribution obligations" from The Adviser Magazine on 18 March at the following link. https://www.theadviser.com.au/breaking-news/41386-bid-to-intersect-with-design-anddistribution-obligations The article discusses the design and distribution obligations that will apply from 5 October 2021 and places requirements on product issuers and advisers regarding the design and distribution of financial products. In particular, the article notes the intersection between Best Interest Duty (BID) and advisers' obligations concerning product distribution. Research Activity Task Examine the design and distribution obligations from a consumer protection perspective. Consider whether the proposed changes will likely lead to better outcomes for consumers. Note: As part of your answer, you will need to consider the objectives and policies underpinning the industry's current regulatory regime and how the distribution obligations intersect with advisers' existing obligations, including BID. When reaching a conclusion on the issues raised, you should consider the objectives underpinning the design and distribution obligations and the existing duties advisers owe to their clients.

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