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BFB/F 1001 Foundations of Finance
Team Business Report
Assessment
task purpose
This assessment task aims to help you to continue developing the professional
practice skills of teamwork, collaboration and communication which are highly
sought after in workplaces. You will also have the opportunity to learn how to
conduct market research and prepare a formal business report for clients.
This assessment task aligns with the following unit learning outcomes:
LO1: Demonstrate financial literacy skills in a range of personal financial
situations in order to make informed decisions that maximise financial well-
being and manage financial risk.
LO2: Apply core concepts of finance to real-life industry problems and
financial literacy scenarios in preparation for additional study in the discipline.
LO3: Use Microsoft Excel to design solutions for financial business problems
commonly encountered by graduate employees in Finance and for personal
financial planning.
LO4: Demonstrate the professional skills of teamwork, collaboration and
communication in preparation for working in business and workplace
meetings.
Your
assessment
task
This business report is the second of two team-based assessment tasks. You will
work in your team to use given data to write a report on the topic of Mortgage
Financial Planning for Families. See Assignment Topic section of this document for
updates of task details.
Please note that:
● Teams will include 4-5 students, and, where possible, will include team
members from the same tutorial.
● Teams have been emailed a unique set of data that specifies the numbers
and conditions to be used in your report, in your team formation notice sent
in W1. The numbers and conditions are randomly generated so that no
teams will receive the same dataset. This data needs to be used along
with the Assignment Topic details of this document for correct
completion.Using another team’s data will be considered plagiarism and
result in a 0 mark for this assignment.
● Teams should use the Business Report format, including Table of
Contents, Executive Summary and Conclusion sections. Follow the
formatting, structure, referencing styles outlined on the BusEco: Report
writing - Learn HQ webpage.
● A Team Assignment cover sheet must be signed by all group members
and included as the 1st page of the submitted assignment. See
Coversheet Requirements section of this document for more details.
Value 20% of your total marks for the unit: 75% will be staff awarded. 25% will be from a
peer-review.
Word Limit 1000 words with a 10% allowance. Cover/Title page, references, table of contents,
list of figures/tables, bibliography, graphs and appendices are not counted in the
word limit. The executive summary and conclusion are counted. Reports over or
under the word limit allowance will be penalised -2 marks.
Due Date ● Both the team report and peer review are due at 11:55 pm AEST,
Monday 2 October, Week 10.
Submission ● Via Moodle Assignment Submission link, located in the Assessment
section of Moodle.
● Choose one representative of the team to submit on behalf of all. Only that
representative submits via the Assignment Submission link. Multiple
submissions from different team members will not be marked. Teams
do not need to inform staff of who their submission representative is.
● File format for submission is a pdf or Word document only. Any file
submission that is corrupt or not readable in Monash University computers
(which run Windows) will not be marked. Any MAC submissions that use
Apple software not readable or compatible with university PCs will
not be marked. It is recommended that submissions from a MAC be
in pdf only. Should a file format be discovered as unmarkable, the marker
will inform the team via email on the date of discovery. The team will email
a markable file to the marker. A late penalty of 10% per late day from when
the marker informs the team of an unmarkable assignment until when the
team submits a markable assignment will be applied. Given these
instructions, it is your responsibility to submit an assignment that is
openable and markable according to university requirements.
● The peer review will require submission of a Google Form in the
Assessment section of Moodle. Not completing this peer review form for all
your team members will forfeit the peer review marks awarded to you by
any of your team.
Coversheet
Requirements
The business report is to be submitted with a Team Assignment Coversheet as the
1st page, signed by all group members. A copy is available to download in the
Assessment section of Moodle. Coversheet conditions:
● Completed in full and signed by all contributing members of the group
(electronic signatures are accepted).
● Any member of the team not on the coversheet with a signature is
considered non-contributing and will receive a 0 staff-mark. The
contributing members of the team are responsible for assembling the
coversheet
● The cover sheet is to be placed as the first page of the business report.
As per Faculty policy, assignments submitted with no coversheet or an
incomplete or incorrect cover sheet are considered incomplete and will not
be marked. The assignment is not considered submitted till the accompanying
coversheet is received. Should the coversheet be received late, a late penalty will
apply from the date of submission until the coversheet is received. Submission of
coversheets separately to the assignment will be penalised by 10% per day
late.
Assessment
Criteria
See the Marking Rubric section of this document.
Penalties ● 10% deduction per calendar day or part thereof for up to one
week.Submission after 7 days late will receive a 0 staff mark. This applies
to both report and peer review submission.
● Submission of coversheets separately to the assignment will be penalised
by 10% per day.
● For submission of file types that cannot be read, there will be a penalty of
10% per late day from when the marker informs the team of the
unmarkable file type.
● Reports over or under the word limit allowance will be penalised -2 marks.
● No evidence of market research will result in a penalty of -4 mark.
Special
Consideration
If you are unable to submit this assessment task before the submission due date,
you will need to apply for special consideration by completing the Special
Consideration Application
Feedback General assignment feedback will be provided after the results are released.
Students will be able to book a consultation for specific feedback during
SWOTVAC consultation only. Feedback over email is not provided.
Feedback for all within-semester assessments finishes at the end of SWOTVAC.
Any queries about issues regarding within-semester assessment must be made by
SWOTVAC end. No further inquiries about within-semester assessment can be
made thereafter.
Assignment Topic
Your bespoke team data is to be applied to the following topic, see staff in
consultation for any questions about doing this:
Bob and Jill are a couple who have hired your team of financial planners to consult on their intention to
buy their next home. You need to identify whether they can meet the two mortgage requirements (Task
1 and Task 2) necessary to facilitate their purchase, having sufficient disposable income to pay for the
periodic loan prepayments and having a sufficient deposit to cover the balance of the property price that
the mortgage will not cover. Both of these conditions have to be met to allow the purchase to move
forward. Once you have evaluated their ability to meet these conditions, you are required to conclude
your report with recommendations about what Bob and Jill can do, given the outcome that they cannot
afford the property or given the outcome that they can afford the property.
The time frame and house price are specified in your team data. Assume the mortgage rates today are
reflective of mortgage rates in the future time frame of the purchase.
Task 1:
Find and present in a business report the cheapest (lowest interest rate) home loan in the market that
meets Bob and Jill’s conditions specified in your team data. You are required to show evidence of your
comparison. The requirement for evidence would be providing screenshots either in the main
assignment body or in an appendix, comparing your recommended product with at least two other loan
products that match all the conditions stated in your team data. Screenshot evidence requires the
inclusion of the filters used to apply the product conditions below. Any screenshots are to be referenced
by footnotes or endnotes. Use comparison rates to select the appropriate product and loan interest
rates for financial math calculations. No evidence nor sourcing of the loan comparison will result in a -
4 mark penalty.
A. Applying their desired LVR, Calculate the amount Bob and Jill has to borrow.
B. Calculate the deposit Bob and Jill must contribute in the future
C. Apply financial math to calculate the periodic loan repayment Bob and Jill must pay. (show your
Excel working as screenshots, no evidence of working will be penalised -3 marks)
D. Assuming Bob and Jill’s income changes by the current rate of annual inflation, will they be able
to afford the periodic loan repayment needed for the loan? If not, by what nominal annual
percentage will they have to grow their disposable income available to service the loan in the
future when they buy their house? If their future income is greater than the loan repayment
required, by what percentage is their income greater than the loan payment required?
Task 2:
Given the deposit Bob and Jill must pay in the future, they also task you with finding a good investment
to help them save. Find and present in your business report the best (highest interest rate) term deposit
available in the market that meets Bob and Jill’s conditions specified in your team data. You are
required to show evidence of your comparison. The requirement for evidence would be providing
screenshots either in the main assignment body or in an appendix, comparing your recommended
product with at least two other term deposit products that match all the conditions stated in your team
data. Any screenshots are to be referenced by footnotes or endnotes. No evidence or sourcing of the
comparison will result in a -4 mark penalty.
A. Given what Bob and Jill have to invest today, apply financial math and calculate the future value
of investing in your recommended term deposit today, for when Bob and Jill need to buy their
house. (show your Excel working as screenshots, evidence of working will be penalised -3
marks)
B. Do Mr. and Mrs. have enough now to pay for their deposit in the future? If yes, by what
percentage are they over their deposit. If not, by what percentage are they under their deposit?
Completing only Task 1 and 2 correctly will at most earn you a Credit at most. For a higher
grade, in your report conclusion and executive summary, Teams need to provide financial
recommendations (supported by financial math) to Bob and Jill about what they can do if
they either cannot afford the property or if they can afford the property. Feel free to see
staff in consultation about guidance regarding how to think creatively and how to provide
value-add recommendations.
Understanding your team data.
Bob and Jill's house purchasing plan in terms of timing and house price is provided
for each team…
.“In years time, Bob and Jill intend to buy a 3-bedroom house in Caulfield to live in. They intend to
spend $ to buy their house.”
Bob and Jill's conditions and needs of the loan:
· Financial Institution: “The loan has to be from a ”
Your team can be given one of the following institutions in your data:
i. A non-bank financial institution: any lender that is neither in APRA’s register of ADIs
(https://www.apra.gov.au/register-of-authorised-deposit-taking-institutions) nor a subsidiary of any
ADIs (big-4 and non-big-4). Do market research to identify subsidiaries of ADIs, following list is not
complete but can help. (https://www.apra.gov.au/list-of-authorised-deposit-taking-institutions-
covered-under-financial-claims-scheme)
ii. A Credit Union, Building Society or Mutual Bank: any customer-owned financial institution
(https://www.customerownedbanking.asn.au/about-coba/list-of-our-members) also listed on the
APRA register ADIs.
iii. A non-Big Four bank: any ADI listed on the APRAs register is not a Credit Union, Building Society,
Mutual Bank. A non-big 4 bank is not CBA, ANZ, Westpac or NAB. Subsidiaries of ADIs (big-4 and
non-big-4) like St George, Bank of Melbourne, Ubank, BankWest, tic:toc are allowed in this
category. Bank-banked platforms, which claim they are not a “bank” clearly would not exist
otherwise, so for the purposes of our assignment are placed within this bank classification.
iv. Big Four bank only: either CBA, Westpac, ANZ or NAB only. Subsidiaries of the Big Four like St
George, Bank of Melbourne, Ubank, BankWest are not allowed in this category.
Markers will check the websites of the institutions provided in the reference to ensure compliance with
this requirement.
· Loan facility: “The loan has to have facilities.”
You can be given either the Offset facility or the Redraw facility in your data.
· Repayment frequency: “Mr and Mrs Monash wish to make repayments”
You can be given weekly or fortnightly, or monthly repayments in your data.
· The loan term: “They wish to borrow money for years.”
You can be given 20 years or 25 years, or 30 years in your data.
· Loans are either fully amortising or partly amortising. Know how to calculate loan repayments for
either. See staff in consultation if you are unsure.
· Fixed or Variable rate: “They are interested in a loan”
You are given a 1-year fixed-rate loan or a 2-year fixed-rate loan, or a variable rate loan in your data.
· LVR ratio: “Bob and Jill desire an LVR (Loan-to-value Ratio) of ”
The LVR can be 80% or 70% or 60% in your data. Assume the property value matches the price.
Bob and Jill's disposable income: “Today, Bob and Jill have $ of disposable
income to pay for the loan repayment each period.”
Bob and Jill's conditions and needs of the term deposit:
· Financial Institution: “The term deposit is to be from a ”
Your team can be given one of the following institutions in your data:
i. A Credit Union, Building Society or Mutual Bank: any customer-owned financial institution listed
on the APRAs register of ADIs.
ii. A non-Big Four bank: any ADI listed on the APRAs register that is not a Credit Union, Building
Society, Mutual Bank. A non-big 4 bank is not CBA, ANZ, Westpac or NAB. Subsidiaries of the Big
Four like St George, Bank of Melbourne, Ubank, BankWest are allowed in this category.
iii. Big Four bank only: either CBA, Westpac, ANZ or NAB only. Subsidiaries of the Big Four like St
George, Bank of Melbourne, Ubank, BankWest are not allowed in this category.
Markers will check the websites of the institutions provided in the reference to ensure compliance with
this requirement.
❖ The final term of the deposit has to mature when they purchase the house in the future. Deposits
of multiple and different terms can be used to reach the period when the deposit is required.
❖ Interest compounding frequency: Interest to be calculated and paid as specified by the product.
How to start: Assignment Tips and
Guidelines
This assignment is an extension of your Applications of Finance PBL, where you were
introduced to financial product comparison websites such as https://www.canstar.com.au/
Financial product research for the two Assignment Tasks can be found by entering “canstar
home loans” and “canstar term deposits” into any search engine. You do not have to use
Canstar, you may use any comparison website for Australian financial products.
It is up to students to then explore the filters on the right-hand margin of each product
comparison engine to satisfy the terms and conditions required by Mr and Mrs Monash.
Examples of the home loan filters that are required to be included as screenshot evidence are as
follows…
Important Note: Students can use financial comparison and financial product websites ONLY to
conduct research.
You are not allowed to contact actual industry participants, such as lending officers of
financial institutions or mortgage brokers about research for your assignment.
Any complaint to Monash University from industry about students disrupting their business will
result in a penalty of -15 marks.
Students are very welcome to see staff in consultation about advice relating to any part of this
assessment and any part of the below marking rubric. The staff, however, will not read drafts
of the assignment nor confirm whether calculations or conclusions drawn are correct.
Examples of how to provide proper screenshot evidence to comply with client
conditions. These are examples only and not to be used as your actual screenshot
evidence. Teams which copy these examples for use in their assignment will
automatically lose the research evidence marks.
Sample 1 Conditions:
House price = $850,000, loan from a Non-“Big 4” Bank, needs redraw facility, fortnightly
repayments, 20 yr term, variable rate loan, LVR of 85%, Loan amount = $850,000 x 85% =
$722,500.00.
Sample 2 Conditions:
House price = $1,000,000, loan from a Non-“Big 4” Bank, needs redraw facility, monthly
repayments, 25 yr term, fixed rate for 5 yrs, LVR of 85%, Loan amount = $1,000,000 x 85% =
$850,000.00.
MARKING RUBRIC:
To help guide students, the marking guide of the Team Business Report is provided below:
Name of Marker: Team Number:
Assessment Criteria Mark
Use of correct Team Data? Y = Yes, continue marking, N = No, 0 marks.
Business Report Presentation
● Proper Report format used
● Clarity of presentation, structure, font and language used.
/ 3
Task 1
Market Research (5 marks)
● Appropriate product recommended
● All product conditions correctly applied and adhered to
● Research evidence shown
● Comparison products included
Calculation (3 marks)
● All sub-tasks (a – d) answered
● Correct financial math shown
Recommendation (2 marks)
● Correct conclusion drawn
● Appropriate financial advice made
/ 10
Task 2
Market Research (3.5 marks)
● Appropriate product recommended
● All product conditions correctly applied and adhered to
● Research evidence shown
● Comparison products included
Calculation (1.5 marks)
● All sub-tasks (a – b) answered
● Correct financial math shown
/ 7
Recommendation (2 marks)
● Correct conclusion drawn
● Appropriate financial advice made
The staff awarded mark out of 20 will be weighted to a mark out of 15. The peer awarded
mark out of 10 will be weighted to a mark out of 5. These two marks will be added together
to give a total mark out of 20.
Total: /20
PEER REVIEW RUBRIC
8 to 10
marks
Demonstrated the fundamental character traits to being a good team member
namely integrity, the ability to collaborate, and inclusiveness which is the basis for
others to trust what you say and have confidence in your ability to deliver on the
assignment. Always available & responsive to team communication, excellent
attendance of agreed meetings. Very polite, reasonable, friendly, co-operative and
collaborative in attitude and behaviour. Provided demonstrated knowledge, insights
and valuable research for the assignment. Fulfilled/exceeded all expectations team
members had of performance
5 to 7 marks Demonstrated satisfactory traits of being a good team member. Usually available
and somewhat responsive to team communication, reasonable attendance of
meetings. Acceptable manners, social behaviour, friendliness, co-operation and
collaborativeness. Demonstrated acceptable knowledge and research for the
assignment. Satisfied expectations team members had of performance
expectations team members had of performance. Reasonable contribution to
teamwork in completing the assignment
1 to 5 marks Demonstrated unsatisfactory traits of being a good team member. Minimal
response to team communication and poor attendance of meetings. Overall rude,
unreasonable, unfriendly, uncooperative, anti-social and uncollaborative behaviour.
Demonstrated unsatisfactory knowledge and research for the assignment. Did not
fulfil the expectations team members had of performance. Demonstrated little/no
interest and contribution to teamwork
0 mark Did not contribute to the assignment in any way. Completely unresponsive to team
communication and did not attend any meetings. Did not meet any expectations
team members had of performance. If all peer marks are 0, the student is given a 0
mark in total for the assignment pending staff adjudication.
Team Business Report
Assessment
task purpose
This assessment task aims to help you to continue developing the professional
practice skills of teamwork, collaboration and communication which are highly
sought after in workplaces. You will also have the opportunity to learn how to
conduct market research and prepare a formal business report for clients.
This assessment task aligns with the following unit learning outcomes:
LO1: Demonstrate financial literacy skills in a range of personal financial
situations in order to make informed decisions that maximise financial well-
being and manage financial risk.
LO2: Apply core concepts of finance to real-life industry problems and
financial literacy scenarios in preparation for additional study in the discipline.
LO3: Use Microsoft Excel to design solutions for financial business problems
commonly encountered by graduate employees in Finance and for personal
financial planning.
LO4: Demonstrate the professional skills of teamwork, collaboration and
communication in preparation for working in business and workplace
meetings.
Your
assessment
task
This business report is the second of two team-based assessment tasks. You will
work in your team to use given data to write a report on the topic of Mortgage
Financial Planning for Families. See Assignment Topic section of this document for
updates of task details.
Please note that:
● Teams will include 4-5 students, and, where possible, will include team
members from the same tutorial.
● Teams have been emailed a unique set of data that specifies the numbers
and conditions to be used in your report, in your team formation notice sent
in W1. The numbers and conditions are randomly generated so that no
teams will receive the same dataset. This data needs to be used along
with the Assignment Topic details of this document for correct
completion.Using another team’s data will be considered plagiarism and
result in a 0 mark for this assignment.
● Teams should use the Business Report format, including Table of
Contents, Executive Summary and Conclusion sections. Follow the
formatting, structure, referencing styles outlined on the BusEco: Report
writing - Learn HQ webpage.
● A Team Assignment cover sheet must be signed by all group members
and included as the 1st page of the submitted assignment. See
Coversheet Requirements section of this document for more details.
Value 20% of your total marks for the unit: 75% will be staff awarded. 25% will be from a
peer-review.
Word Limit 1000 words with a 10% allowance. Cover/Title page, references, table of contents,
list of figures/tables, bibliography, graphs and appendices are not counted in the
word limit. The executive summary and conclusion are counted. Reports over or
under the word limit allowance will be penalised -2 marks.
Due Date ● Both the team report and peer review are due at 11:55 pm AEST,
Monday 2 October, Week 10.
Submission ● Via Moodle Assignment Submission link, located in the Assessment
section of Moodle.
● Choose one representative of the team to submit on behalf of all. Only that
representative submits via the Assignment Submission link. Multiple
submissions from different team members will not be marked. Teams
do not need to inform staff of who their submission representative is.
● File format for submission is a pdf or Word document only. Any file
submission that is corrupt or not readable in Monash University computers
(which run Windows) will not be marked. Any MAC submissions that use
Apple software not readable or compatible with university PCs will
not be marked. It is recommended that submissions from a MAC be
in pdf only. Should a file format be discovered as unmarkable, the marker
will inform the team via email on the date of discovery. The team will email
a markable file to the marker. A late penalty of 10% per late day from when
the marker informs the team of an unmarkable assignment until when the
team submits a markable assignment will be applied. Given these
instructions, it is your responsibility to submit an assignment that is
openable and markable according to university requirements.
● The peer review will require submission of a Google Form in the
Assessment section of Moodle. Not completing this peer review form for all
your team members will forfeit the peer review marks awarded to you by
any of your team.
Coversheet
Requirements
The business report is to be submitted with a Team Assignment Coversheet as the
1st page, signed by all group members. A copy is available to download in the
Assessment section of Moodle. Coversheet conditions:
● Completed in full and signed by all contributing members of the group
(electronic signatures are accepted).
● Any member of the team not on the coversheet with a signature is
considered non-contributing and will receive a 0 staff-mark. The
contributing members of the team are responsible for assembling the
coversheet
● The cover sheet is to be placed as the first page of the business report.
As per Faculty policy, assignments submitted with no coversheet or an
incomplete or incorrect cover sheet are considered incomplete and will not
be marked. The assignment is not considered submitted till the accompanying
coversheet is received. Should the coversheet be received late, a late penalty will
apply from the date of submission until the coversheet is received. Submission of
coversheets separately to the assignment will be penalised by 10% per day
late.
Assessment
Criteria
See the Marking Rubric section of this document.
Penalties ● 10% deduction per calendar day or part thereof for up to one
week.Submission after 7 days late will receive a 0 staff mark. This applies
to both report and peer review submission.
● Submission of coversheets separately to the assignment will be penalised
by 10% per day.
● For submission of file types that cannot be read, there will be a penalty of
10% per late day from when the marker informs the team of the
unmarkable file type.
● Reports over or under the word limit allowance will be penalised -2 marks.
● No evidence of market research will result in a penalty of -4 mark.
Special
Consideration
If you are unable to submit this assessment task before the submission due date,
you will need to apply for special consideration by completing the Special
Consideration Application
Feedback General assignment feedback will be provided after the results are released.
Students will be able to book a consultation for specific feedback during
SWOTVAC consultation only. Feedback over email is not provided.
Feedback for all within-semester assessments finishes at the end of SWOTVAC.
Any queries about issues regarding within-semester assessment must be made by
SWOTVAC end. No further inquiries about within-semester assessment can be
made thereafter.
Assignment Topic
Your bespoke team data is to be applied to the following topic, see staff in
consultation for any questions about doing this:
Bob and Jill are a couple who have hired your team of financial planners to consult on their intention to
buy their next home. You need to identify whether they can meet the two mortgage requirements (Task
1 and Task 2) necessary to facilitate their purchase, having sufficient disposable income to pay for the
periodic loan prepayments and having a sufficient deposit to cover the balance of the property price that
the mortgage will not cover. Both of these conditions have to be met to allow the purchase to move
forward. Once you have evaluated their ability to meet these conditions, you are required to conclude
your report with recommendations about what Bob and Jill can do, given the outcome that they cannot
afford the property or given the outcome that they can afford the property.
The time frame and house price are specified in your team data. Assume the mortgage rates today are
reflective of mortgage rates in the future time frame of the purchase.
Task 1:
Find and present in a business report the cheapest (lowest interest rate) home loan in the market that
meets Bob and Jill’s conditions specified in your team data. You are required to show evidence of your
comparison. The requirement for evidence would be providing screenshots either in the main
assignment body or in an appendix, comparing your recommended product with at least two other loan
products that match all the conditions stated in your team data. Screenshot evidence requires the
inclusion of the filters used to apply the product conditions below. Any screenshots are to be referenced
by footnotes or endnotes. Use comparison rates to select the appropriate product and loan interest
rates for financial math calculations. No evidence nor sourcing of the loan comparison will result in a -
4 mark penalty.
A. Applying their desired LVR, Calculate the amount Bob and Jill has to borrow.
B. Calculate the deposit Bob and Jill must contribute in the future
C. Apply financial math to calculate the periodic loan repayment Bob and Jill must pay. (show your
Excel working as screenshots, no evidence of working will be penalised -3 marks)
D. Assuming Bob and Jill’s income changes by the current rate of annual inflation, will they be able
to afford the periodic loan repayment needed for the loan? If not, by what nominal annual
percentage will they have to grow their disposable income available to service the loan in the
future when they buy their house? If their future income is greater than the loan repayment
required, by what percentage is their income greater than the loan payment required?
Task 2:
Given the deposit Bob and Jill must pay in the future, they also task you with finding a good investment
to help them save. Find and present in your business report the best (highest interest rate) term deposit
available in the market that meets Bob and Jill’s conditions specified in your team data. You are
required to show evidence of your comparison. The requirement for evidence would be providing
screenshots either in the main assignment body or in an appendix, comparing your recommended
product with at least two other term deposit products that match all the conditions stated in your team
data. Any screenshots are to be referenced by footnotes or endnotes. No evidence or sourcing of the
comparison will result in a -4 mark penalty.
A. Given what Bob and Jill have to invest today, apply financial math and calculate the future value
of investing in your recommended term deposit today, for when Bob and Jill need to buy their
house. (show your Excel working as screenshots, evidence of working will be penalised -3
marks)
B. Do Mr. and Mrs. have enough now to pay for their deposit in the future? If yes, by what
percentage are they over their deposit. If not, by what percentage are they under their deposit?
Completing only Task 1 and 2 correctly will at most earn you a Credit at most. For a higher
grade, in your report conclusion and executive summary, Teams need to provide financial
recommendations (supported by financial math) to Bob and Jill about what they can do if
they either cannot afford the property or if they can afford the property. Feel free to see
staff in consultation about guidance regarding how to think creatively and how to provide
value-add recommendations.
Understanding your team data.
Bob and Jill's house purchasing plan in terms of timing and house price is provided
for each team…
.“In years time, Bob and Jill intend to buy a 3-bedroom house in Caulfield to live in. They intend to
spend $ to buy their house.”
Bob and Jill's conditions and needs of the loan:
· Financial Institution: “The loan has to be from a ”
Your team can be given one of the following institutions in your data:
i. A non-bank financial institution: any lender that is neither in APRA’s register of ADIs
(https://www.apra.gov.au/register-of-authorised-deposit-taking-institutions) nor a subsidiary of any
ADIs (big-4 and non-big-4). Do market research to identify subsidiaries of ADIs, following list is not
complete but can help. (https://www.apra.gov.au/list-of-authorised-deposit-taking-institutions-
covered-under-financial-claims-scheme)
ii. A Credit Union, Building Society or Mutual Bank: any customer-owned financial institution
(https://www.customerownedbanking.asn.au/about-coba/list-of-our-members) also listed on the
APRA register ADIs.
iii. A non-Big Four bank: any ADI listed on the APRAs register is not a Credit Union, Building Society,
Mutual Bank. A non-big 4 bank is not CBA, ANZ, Westpac or NAB. Subsidiaries of ADIs (big-4 and
non-big-4) like St George, Bank of Melbourne, Ubank, BankWest, tic:toc are allowed in this
category. Bank-banked platforms, which claim they are not a “bank” clearly would not exist
otherwise, so for the purposes of our assignment are placed within this bank classification.
iv. Big Four bank only: either CBA, Westpac, ANZ or NAB only. Subsidiaries of the Big Four like St
George, Bank of Melbourne, Ubank, BankWest are not allowed in this category.
Markers will check the websites of the institutions provided in the reference to ensure compliance with
this requirement.
· Loan facility: “The loan has to have facilities.”
You can be given either the Offset facility or the Redraw facility in your data.
· Repayment frequency: “Mr and Mrs Monash wish to make repayments”
You can be given weekly or fortnightly, or monthly repayments in your data.
· The loan term: “They wish to borrow money for years.”
You can be given 20 years or 25 years, or 30 years in your data.
· Loans are either fully amortising or partly amortising. Know how to calculate loan repayments for
either. See staff in consultation if you are unsure.
· Fixed or Variable rate: “They are interested in a loan”
You are given a 1-year fixed-rate loan or a 2-year fixed-rate loan, or a variable rate loan in your data.
· LVR ratio: “Bob and Jill desire an LVR (Loan-to-value Ratio) of ”
The LVR can be 80% or 70% or 60% in your data. Assume the property value matches the price.
Bob and Jill's disposable income: “Today, Bob and Jill have $ of disposable
income to pay for the loan repayment each period.”
Bob and Jill's conditions and needs of the term deposit:
· Financial Institution: “The term deposit is to be from a ”
Your team can be given one of the following institutions in your data:
i. A Credit Union, Building Society or Mutual Bank: any customer-owned financial institution listed
on the APRAs register of ADIs.
ii. A non-Big Four bank: any ADI listed on the APRAs register that is not a Credit Union, Building
Society, Mutual Bank. A non-big 4 bank is not CBA, ANZ, Westpac or NAB. Subsidiaries of the Big
Four like St George, Bank of Melbourne, Ubank, BankWest are allowed in this category.
iii. Big Four bank only: either CBA, Westpac, ANZ or NAB only. Subsidiaries of the Big Four like St
George, Bank of Melbourne, Ubank, BankWest are not allowed in this category.
Markers will check the websites of the institutions provided in the reference to ensure compliance with
this requirement.
❖ The final term of the deposit has to mature when they purchase the house in the future. Deposits
of multiple and different terms can be used to reach the period when the deposit is required.
❖ Interest compounding frequency: Interest to be calculated and paid as specified by the product.
How to start: Assignment Tips and
Guidelines
This assignment is an extension of your Applications of Finance PBL, where you were
introduced to financial product comparison websites such as https://www.canstar.com.au/
Financial product research for the two Assignment Tasks can be found by entering “canstar
home loans” and “canstar term deposits” into any search engine. You do not have to use
Canstar, you may use any comparison website for Australian financial products.
It is up to students to then explore the filters on the right-hand margin of each product
comparison engine to satisfy the terms and conditions required by Mr and Mrs Monash.
Examples of the home loan filters that are required to be included as screenshot evidence are as
follows…
Important Note: Students can use financial comparison and financial product websites ONLY to
conduct research.
You are not allowed to contact actual industry participants, such as lending officers of
financial institutions or mortgage brokers about research for your assignment.
Any complaint to Monash University from industry about students disrupting their business will
result in a penalty of -15 marks.
Students are very welcome to see staff in consultation about advice relating to any part of this
assessment and any part of the below marking rubric. The staff, however, will not read drafts
of the assignment nor confirm whether calculations or conclusions drawn are correct.
Examples of how to provide proper screenshot evidence to comply with client
conditions. These are examples only and not to be used as your actual screenshot
evidence. Teams which copy these examples for use in their assignment will
automatically lose the research evidence marks.
Sample 1 Conditions:
House price = $850,000, loan from a Non-“Big 4” Bank, needs redraw facility, fortnightly
repayments, 20 yr term, variable rate loan, LVR of 85%, Loan amount = $850,000 x 85% =
$722,500.00.
Sample 2 Conditions:
House price = $1,000,000, loan from a Non-“Big 4” Bank, needs redraw facility, monthly
repayments, 25 yr term, fixed rate for 5 yrs, LVR of 85%, Loan amount = $1,000,000 x 85% =
$850,000.00.
MARKING RUBRIC:
To help guide students, the marking guide of the Team Business Report is provided below:
Name of Marker: Team Number:
Assessment Criteria Mark
Use of correct Team Data? Y = Yes, continue marking, N = No, 0 marks.
Business Report Presentation
● Proper Report format used
● Clarity of presentation, structure, font and language used.
/ 3
Task 1
Market Research (5 marks)
● Appropriate product recommended
● All product conditions correctly applied and adhered to
● Research evidence shown
● Comparison products included
Calculation (3 marks)
● All sub-tasks (a – d) answered
● Correct financial math shown
Recommendation (2 marks)
● Correct conclusion drawn
● Appropriate financial advice made
/ 10
Task 2
Market Research (3.5 marks)
● Appropriate product recommended
● All product conditions correctly applied and adhered to
● Research evidence shown
● Comparison products included
Calculation (1.5 marks)
● All sub-tasks (a – b) answered
● Correct financial math shown
/ 7
Recommendation (2 marks)
● Correct conclusion drawn
● Appropriate financial advice made
The staff awarded mark out of 20 will be weighted to a mark out of 15. The peer awarded
mark out of 10 will be weighted to a mark out of 5. These two marks will be added together
to give a total mark out of 20.
Total: /20
PEER REVIEW RUBRIC
8 to 10
marks
Demonstrated the fundamental character traits to being a good team member
namely integrity, the ability to collaborate, and inclusiveness which is the basis for
others to trust what you say and have confidence in your ability to deliver on the
assignment. Always available & responsive to team communication, excellent
attendance of agreed meetings. Very polite, reasonable, friendly, co-operative and
collaborative in attitude and behaviour. Provided demonstrated knowledge, insights
and valuable research for the assignment. Fulfilled/exceeded all expectations team
members had of performance
5 to 7 marks Demonstrated satisfactory traits of being a good team member. Usually available
and somewhat responsive to team communication, reasonable attendance of
meetings. Acceptable manners, social behaviour, friendliness, co-operation and
collaborativeness. Demonstrated acceptable knowledge and research for the
assignment. Satisfied expectations team members had of performance
expectations team members had of performance. Reasonable contribution to
teamwork in completing the assignment
1 to 5 marks Demonstrated unsatisfactory traits of being a good team member. Minimal
response to team communication and poor attendance of meetings. Overall rude,
unreasonable, unfriendly, uncooperative, anti-social and uncollaborative behaviour.
Demonstrated unsatisfactory knowledge and research for the assignment. Did not
fulfil the expectations team members had of performance. Demonstrated little/no
interest and contribution to teamwork
0 mark Did not contribute to the assignment in any way. Completely unresponsive to team
communication and did not attend any meetings. Did not meet any expectations
team members had of performance. If all peer marks are 0, the student is given a 0
mark in total for the assignment pending staff adjudication.
