BUSN104 MONEY MATTERS
Semester 2 2018
Assessment 1: Individual Assignment
Due: 7 September 2018 by 2300 EST.
Length and/or format: 1500 ±10% words (not including appendix)
Learning Objectives: 1 and 4
How to submit: A copy of the assignment must be uploaded onto
LEO and through the Turnitin system
Return of assignment: The results and feedback will be uploaded on LEO
Assessment rubrics: Appendices 1 and 2
Ethics and Sustainability
Banks are pillars in Australian Society. As Australia has grown and changed – so to
has the banking industry. Besides everyday banking, banks are involved in a myriad
of industries and provide onshore and offshore financial services such as financing
large operations and moving into the insurance market.
CommInsure is one of Australia’s largest insurers and is the insurance arm of the
Commonwealth Bank of Australia (CBA). CommInsure was embroiled in various
deceitful practices such as misusing of medical reports including deleting files and
pressuring doctors to change their opinions so that client claims can be rejected,
changing the definition of diseases, delaying payouts, etc.
The program that ABC TV aired on CommInsure scandal (link below) will provide
you an overview of the case.
This assessment is in two parts.
The first part requires students to work collaboratively to:
• Identify espoused levels of behavior by the CBA (from its Corporate
Responsibility Report) and actual behavior demonstrated by CommInsure that
breaches aspects of the CRR report.
• Identify sections of the relevant Code of Conduct within the CBA that have
been breached by CommInsure.
The second part requires students to work individually to:
• complete an individual report based on the findings in Part A.
• submit the group table to Part A as an appendix to the individual report.