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Essay Available:
Pages:
7 pages/β‰ˆ1925 words
Sources:
3 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 32.76
Topic:

Australia as a Financial Centre

Essay Instructions:

PART 4:ASSESSMENT  DETAILS

 This module has three assessment components  with specific weightings and marks awarded totalling 100. The purpose of each assessment is as follows:

  • Individual Assignment aims to focus your learning by ensuring understanding of business structures and theories. You will be asked to evaluate business entities and display your ability to apply it to real situations through a variety of assessment strategies. Continuous Assessment is intended to promote inter-active learning through group work while assessing your understanding of directors' duties and its' academic versus practical applications. Continuous Assessment has been designed so that you will be assessed through multiple assessment types. These assessments may come in the form of a report, class participation, group work or any alternative combination.
  • Group Assignment aims to focus your learning by ensuring understanding of what you have learned during the sessions.
  • The Examination is the  formal examination which aims to get insights on your understanding of issues (theory and practice) addressed in the module.

Students are expected to complete all assessments that they are submitted by the specified date. All submissions must be typed, be well laid out, written in an academic style with appropriate headings (introduction, main part and concluding comments) and sections, in word document or pdf format. Other formats will not be accepted

Please ensure that all submissions are entirely your own work - for UCD's policy on plagiarism click on the link below (please see Appendix 3 for further information on Plagiarism and the policy on the Late Submission of Coursework):

 

Essay Sample Content Preview:

Australia as a Financial Centre
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Australia as a Financial Centre
The Commonwealth of Australia is a vast and diverse country located in the southern hemisphere. As the world's sixth-largest country by total area, Australia is known for its stunning landscapes, rich biodiversity, and vibrant cities. With a population of over 25 million people, it is a multicultural nation that embraces a unique blend of Indigenous heritage and immigrant cultures. This essay examines the country’s financial sector.
Development of Australia Financial Centre
The development of Australia as a financial center can be traced to the establishment of the Australian Financial Centre Forum on September 26, 2008, by the Ministry of Competition Policy and Consumer Affairs. The forum was intended to facilitate the growth of the country’s financial sector to enable it to leverage business opportunities available in the region. In addition, the forum was intended to spur collaboration between the government and the financial sector in a bid to ensure that the sector could expand into global markets. The closeness of the country to the fastest-growing region at the time meant that the Australian financial sector could play a key role in facilitating access to a wide range of financial services such as financial development, retirement income schemes, insurance products, and asset management among other (Mules, 2015). While the country had a sophisticated and advanced financial sector in the region, the country was still struggling to leverage its skills and expertise in the region and beyond.
Notably, the forum was intended to create an environment that allowed for increased international engagement for Australian fund managers and Australian banks. With time, the country has developed a strong and sophisticated financial sector that plays a major role as a financial sector in the Asia-Pacific region. Some of the key factors that have played a part in establishing Australia as a financial sector include economic stability, robust infrastructure, a well-regulated environment, and the presence of a highly skilled workforce. Australia's finance sector contributes significantly to the country's economy and offers a wide range of financial services domestically and internationally. Presently, the country has roughly US$ 850 billion of the contestable pool of funds under investment.
Financial Service in Australia
Following the government's concerted efforts to grow Australia as a financial centre, there are several financial services that one can access in the country. First, the country has managed to enhance the capacity of local players and attract global competitors who offer asset-backed debt financing in the country. Consequently, the asset-based finance and leasing of the country facilitate nearly 40 percent of the capital expenditures in the country and include global players such as CIT Financial, GE Commercial Finance, and other key finance players in the world. Second, Australia has managed to establish one of the biggest superannuation industries in the world. Driven by the government-backed retirement scheme, the country’s fund management provides a myriad of opportun...
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