ACTL3303 Industry Placement 3 - 2019

Term 2
12 Units of Credit
On Campus
Risk & Actuarial Studies
This course outline is provided in advance of offering to guide student course selection. Please note that while accurate at time of publication, changes may be required prior to the start of the teaching session. You should always access the current online version of the outline when the Term commences.

1. Course Details

Summary of Course

​The main aims of this course is to give the Scholars practical experience in Actuarial Studies that complements their academic studies, and to give Sponsors enthusiastic and talented young achievers who may wish to work with them upon graduation.

Teaching Times and Locations

Please note that teaching times and locations are subject to change. Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations.

View course timetable

Course Policies & Support

Course Aims and Relationship to Other Courses

​This course is offered as part the 3587 B.Actuarial Studies (Co-op) degree. A prerequisite for this course is at least credit passes in all first and second year courses.  The aims of IT 3 are to give Scholars:

- Experience in basic business and actuarial practices

- An understanding of the role of actuarial studies and business functions in supporting business operations and management, •

- The opportunity to develop their communication skills.

2. Staff Contact Details

Position Title Name Email Location Phone Consultation Times
Lecturer-in-chargeDrKatja IgnatievaBusiness School, Room 6519385 6810By appointment

3. Learning and Teaching Activities

Approach to Learning and Teaching in the Course

This course will be run in summer at one of the sponsor companies. IT2 is intended to provide scholars with understanding of the Sponsor’s business, and the structures and policies in place to support the core business activities. Ideally, the Scholars should interact with several areas of the organisation.

Learning Activities and Teaching Strategies

​Industry placements facilitate the use of experiential learning and directed research to develop essential workplace skills, and understanding of the application of theory in the real world. Goal setting and regular individual meetings with the students will be used to guide students' learning while fostering independence.

5. Course Resources


LaTeX is a document markup language. It is a must in terms of typesetting, especially when mathematical formulas and symbols are involved (but not only!). All (almost) of the course documents edited in the School of Actuarial Studies are created using LaTeX. It is the standard typesetting system in many academic areas. Most of the software solutions that can run LaTeX code (because you have the choice!) are free, and extensive support is readily available on the internet. Being able to produce a document with mathematical formulas at a professional level is one of the graduate attributes we think students studying actuarial studies in a university should have. And LaTeX is the ultimate choice.

The following list of references should help you get started.

Start by checking the LaTeX section of

They have a 'wiki' set up with instructions on how to get started here: There is a (sub)forum for LaTeX help, with questions answered relatively quickly here In any case, you should try to install LaTeX on your computer. The TeXer may help you check whether issues are due to your installation or to your code, though.

You may also want to visit They suggest different softwares. The software you choose does not really matter, as a given LaTeX code can be run by any software (it is like html code that can be read by any browser). But, avoid any software that is not free, and especially Scientific Workplace or Scientific Word, as they would generally not allow you to run your code with software. In addition, they present serious issues if you use them with Windows Vista.  

Additional Guidelines

University courses while on IT3

It is possible for Co-op scholars to enrol in either ACTL3141 or ACTL3151. Scholars are allowed to sit in the postgraduate offerings of the course, provided this is more convenient with their work in the industry. Scholars are allowed to enrol in General Education courses. However, it is not recommended, as scholars usually already struggle with only one course. Over-commitment outside the workplace may lead to unsatisfactory (or at least sub-optimal) performance during IT which should obviously be avoided by all means. Course attendance details will need to be provided to sponsors and approved by the Coordinator of the Actuarial Co-op Program. Scholars are normally given similar study leave to graduates recruits although this will vary from sponsor to sponsor. In no case should the scholars take study leave as granted, as it is the absolute discretion of sponsors to do so. The Actuarial Co-op program will not approve Scholars to do internships or vacation employment during IT3.

Where am I going for IT3?

Allocation of Scholars to IT sponsors is decided by the Coordinator of the program and takes into account scholar preferences as far as possible, but importantly aims to meet the Co-op program objectives of providing a varied exposure to the actuarial industry for all scholars. Once an allocation has been advised scholars will have 2 weeks to arrange any mutual exchange of sponsor allocations (“swaps”). These will need to be approved by the Director of the Actuarial Co-op Program and agreed by both scholars.

What should I do once my allocations are final?

Once final allocations are determined, information about scholar allocations will be provided to sponsors and contact details for sponsor representative will be provided to scholars. As soon as possible, scholars should contact their IT3 sponsor representative to finalise IT dates start and finish dates (see above). About 1 months before commencement, scholars should provide a copy of their latest CV/Resume and academic transcript to their supervisor/sponsor representative. It is highly recommended to organise a meeting to discuss details of the IT placement. Discussions should include the proposed work that the scholars will be involved in and any training they may undergo as well as other work place requirements such as hours of work, dress code and any study leave.

What should I keep in mind while on IT?

Scholars are ambassadors for the UNSW Actuarial program and the Australian School of Business when they are on IT3. On your IT work experience you should expect to start with more basic tasks and if you do these competently and enthusiastically you will quickly be given more challenging work. You should be a valuable member of the sponsor team and the more you contribute the more you will benefit. Learn to check your work for reasonableness and correctness and find out from your supervisor how to determine if a result is reasonable and how to check or test your results for correctness. Learn to work independently and try to solve any problem alone before running to your supervisor. It is good and important to ask questions when unsure and you should stay blocked for a long time, but asking for help when 5 minutes of reflection or a quick search would have solved your problem will get on your supervisor’s nerves. One issue that appear regularly in feedback from sponsors is lack of “business awareness”. Try to understand and merge into the culture, work ethics and style of your company (be a workplace chameleon). Also, some scholars seem to have trouble understanding how different “cool and relaxed” translates in the corporate world compared to the university life. Don’t forget you have boss. Keep your supervisor updated on your progress and activities!


The Coordinator of the Actuarial Co-op Program will be your academic mentor during your IT. You should keep her informed on your progress and contact her for guidance on any issue that you are unsure about. She can come to the sponsor site to do a site visit and meet with your supervisor if needed. Meetings are held with sponsor representatives at the Actuarial Studies Co-op Steering Committee meetings and we normally discuss IT progress at these meetings. The Co-op office is also here to help if needed.

6. Course Evaluation & Development

Feedback is regularly sought from students and continual improvements are made based on this feedback. At the end of this course, you will be asked to complete the myExperience survey, which provides a key source of student evaluative feedback. Your input into this quality enhancement process is extremely valuable in assisting us to meet the needs of our students and provide an effective and enriching learning experience. The results of all surveys are carefully considered and do lead to action towards enhancing educational quality.


​Each year feedback is sought from students and other stakeholders about the courses offered in the School and continual improvements are made based on this feedback. UNSW's MyExperience is one of the ways in which student evaluative feedback is gathered. In this course, we will seek your feedback through MyExperience (or any other informal approaches such as emails, phone calls) so that we can continuously improve on the delivery of the course.

7. Course Schedule

Week Activity Topic Assessment/Other

8. Policies and Support

Information about UNSW Business School protocols, University policies, student responsibilities and education quality and support.

Program Learning Outcomes

The Business School places knowledge and capabilities at the core of its curriculum via seven Program Learning Outcomes (PLOs). These PLOs are systematically embedded and developed across the duration of all coursework programs in the Business School.

PLOs embody the knowledge, skills and capabilities that are taught, practised and assessed within each Business School program. They articulate what you should know and be able to do upon successful completion of your degree.

Upon graduation, you should have a high level of specialised business knowledge and capacity for responsible business thinking, underpinned by ethical professional practice. You should be able to harness, manage and communicate business information effectively and work collaboratively with others. You should be an experienced problem-solver and critical thinker, with a global perspective, cultural competence and the potential for innovative leadership.

All UNSW programs and courses are designed to assess the attainment of program and/or course level learning outcomes, as required by the UNSW Assessment Design Procedure. It is important that you become familiar with the Business School PLOs, as they constitute the framework which informs and shapes the components and assessments of the courses within your program of study.

PLO 1: Business knowledge

Students will make informed and effective selection and application of knowledge in a discipline or profession, in the contexts of local and global business.

PLO 2: Problem solving

Students will define and address business problems, and propose effective evidence-based solutions, through the application of rigorous analysis and critical thinking.

PLO 3: Business communication

Students will harness, manage and communicate business information effectively using multiple forms of communication across different channels.

PLO 4: Teamwork

Students will interact and collaborate effectively with others to achieve a common business purpose or fulfil a common business project, and reflect critically on the process and the outcomes.

PLO 5: Responsible business practice

Students will develop and be committed to responsible business thinking and approaches, which are underpinned by ethical professional practice and sustainability considerations.

PLO 6: Global and cultural competence

Students will be aware of business systems in the wider world and actively committed to recognise and respect the cultural norms, beliefs and values of others, and will apply this knowledge to interact, communicate and work effectively in diverse environments.

PLO 7: Leadership development

Students will develop the capacity to take initiative, encourage forward thinking and bring about innovation, while effectively influencing others to achieve desired results.

These PLOs relate to undergraduate and postgraduate coursework programs.  Separate PLOs for honours and postgraduate research programs are included under 'Related Documents'.

Business School course outlines provide detailed information for students on how the course learning outcomes, learning activities, and assessment/s contribute to the development of Program Learning Outcomes.



UNSW Graduate Capabilities

The Business School PLOs also incorporate UNSW graduate capabilities, a set of generic abilities and skills that all students are expected to achieve by graduation. These capabilities articulate the University’s institutional values, as well as future employer expectations.

UNSW Graduate CapabilitiesBusiness School PLOs
Scholars capable of independent and collaborative enquiry, rigorous in their analysis, critique and reflection, and able to innovate by applying their knowledge and skills to the solution of novel as well as routine problems.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 7: Leadership development

Entrepreneurial leaders capable of initiating and embracing innovation and change, as well as engaging and enabling others to contribute to change
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 6: Global and cultural competence
  • PLO 7: Leadership development

Professionals capable of ethical, self-directed practice and independent lifelong learning
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 5: Responsible business practice

Global citizens who are culturally adept and capable of respecting diversity and acting in a socially just and responsible way.
  • PLO 1: Business knowledge
  • PLO 2: Problem solving
  • PLO 3: Business communication
  • PLO 4: Teamwork
  • PLO 5: Responsible business practice
  • PLO 6: Global and cultural competence

While our programs are designed to provide coverage of all PLOs and graduate capabilities, they also provide you with a great deal of choice and flexibility.  The Business School strongly advises you to choose a range of courses that assist your development against the seven PLOs and four graduate capabilities, and to keep a record of your achievements as part of your portfolio. You can use a portfolio as evidence in employment applications as well as a reference for work or further study. For support with selecting your courses contact the UNSW Business School Student Centre.

Academic Integrity and Plagiarism

Academic Integrity is honest and responsible scholarship. This form of ethical scholarship is highly valued at UNSW. Terms like Academic Integrity, misconduct, referencing, conventions, plagiarism, academic practices, citations and evidence based learning are all considered basic concepts that successful university students understand. Learning how to communicate original ideas, refer sources, work independently, and report results accurately and honestly are skills that you will be able to carry beyond your studies.

The definition of academic misconduct is broad. It covers practices such as cheating, copying and using another person’s work without appropriate acknowledgement. Incidents of academic misconduct may have serious consequences for students.


UNSW regards plagiarism as a form of academic misconduct. UNSW has very strict rules regarding plagiarism. Plagiarism at UNSW is using the words or ideas of others and passing them off as your own. All Schools in the Business School have a Student Ethics Officer who will investigate incidents of plagiarism and may result in a student’s name being placed on the Plagiarism and Student Misconduct Registers.

Below are examples of plagiarism including self-plagiarism:

Copying: Using the same or very similar words to the original text or idea without acknowledging the source or using quotation marks. This includes copying materials, ideas or concepts from a book, article, report or other written document, presentation, composition, artwork, design, drawing, circuitry, computer program or software, website, internet, other electronic resource, or another person's assignment, without appropriate acknowledgement of authorship.

Inappropriate Paraphrasing: Changing a few words and phrases while mostly retaining the original structure and/or progression of ideas of the original, and information without acknowledgement. This also applies in presentations where someone paraphrases another’s ideas or words without credit and to piecing together quotes and paraphrases into a new whole, without appropriate referencing.

Collusion: Presenting work as independent work when it has been produced in whole or part in collusion with other people. Collusion includes:

  • Students providing their work to another student before the due date, or for the purpose of them plagiarising at any time
  • Paying another person to perform an academic task and passing it off as your own
  • Stealing or acquiring another person’s academic work and copying it
  • Offering to complete another person’s work or seeking payment for completing academic work

Collusion should not be confused with academic collaboration (i.e., shared contribution towards a group task).

Inappropriate Citation: Citing sources which have not been read, without acknowledging the 'secondary' source from which knowledge of them has been obtained.

Self-Plagiarism: ‘Self-plagiarism’ occurs where an author republishes their own previously written work and presents it as new findings without referencing the earlier work, either in its entirety or partially. Self-plagiarism is also referred to as 'recycling', 'duplication', or 'multiple submissions of research findings' without disclosure. In the student context, self-plagiarism includes re-using parts of, or all of, a body of work that has already been submitted for assessment without proper citation.

To see if you understand plagiarism, do this short quiz:


The University also regards cheating as a form of academic misconduct. Cheating is knowingly submitting the work of others as their own and includes contract cheating (work produced by an external agent or third party that is submitted under the pretences of being a student’s original piece of work). Cheating is not acceptable at UNSW.

If you need to revise or clarify any terms associated with academic integrity you should explore the 'Working with Academic Integrity' self-paced lessons available at:

For UNSW policies, penalties, and information to help you avoid plagiarism see: as well as the guidelines in the online ELISE tutorials for all new UNSW students: For information on student conduct see:

For information on how to acknowledge your sources and reference correctly, see: If you are unsure what referencing style to use in this course, you should ask the lecturer in charge.

Student Responsibilities and Conduct

Students are expected to be familiar with and adhere to university policies in relation to class attendance and general conduct and behaviour, including maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed.

Information and policies on these topics can be found on the 'Managing your Program' website.


It is expected that you will spend at least ten to twelve hours per week studying for a course except for Summer Term courses which have a minimum weekly workload of twenty to twenty four hours. This time should be made up of reading, research, working on exercises and problems, online activities and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.

We strongly encourage you to connect with your Moodle course websites in the first week of semester. Local and international research indicates that students who engage early and often with their course website are more likely to pass their course.

View more information on expected workload


Your regular and punctual attendance at lectures and seminars or in online learning activities is expected in this course. The Business School reserves the right to refuse final assessment to those students who attend less than 80% of scheduled classes where attendance and participation is required as part of the learning process (e.g., tutorials, flipped classroom sessions, seminars, labs, etc.).

View more information on attendance

General Conduct and Behaviour

You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class.

View more information on student conduct

Health and Safety

UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others.

View more information on Health and Safety

Keeping Informed

You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.

Student Support and Resources

The University and the Business School provide a wide range of support services and resources for students, including:

Business School Education Quality and support Unit (EQS)
The EQS offers academic writing, study skills and maths support specifically for Business students. Services include workshops, online resources, and individual consultations.
Level 1, Room 1033, Quadrangle Building.
02 9385 7577 or 02 9385 4508

Business School Student Centre
The Business School Student Centre provides advice and direction on all aspects of admission, enrolment and graduation.
Level 1, Room 1028 in the Quadrangle Building
02 9385 3189

UNSW Learning Centre
The UNSW Learning Centre provides academic skills support services, including workshops and resources, for all UNSW students. See their website for details.
Lower Ground Floor, North Wing Chancellery Building.
02 9385 2060

Educational Support Service
Educational Support Advisors work with all students to promote the development of skills needed to succeed at university, whilst also providing personal support throughout the process. Check their website to request an appointment or to register in the Academic Success Program.
John Goodsell Building, Ground Floor.
02 9385 4734

Library services and facilities for students
The UNSW Library offers a range of collections, services and facilities both on-campus and online.
Main Library, F21.
02 9385 2650

Moodle eLearning Support
Moodle is the University’s learning management system. You should ensure that you log into Moodle regularly.
02 9385 3331

UNSW IT provides support and services for students such as password access, email services, wireless services and technical support.
UNSW Library Annexe (Ground floor).
02 9385 1333

Disability Support Services
UNSW Disability Support Services provides assistance to students who are trying to manage the demands of university as well as a health condition, learning disability or who have personal circumstances that are having an impact on their studies. Disability Advisers can arrange to put in place services and educational adjustments to make things more manageable so that students are able to complete their course requirements. To receive educational adjustments for disability support, students must first register with Disability Services.
Ground Floor, John Goodsell Building.
02 9385 4734

UNSW Counselling and Psychological Services
Provides support and services if you need help with your personal life, getting your academic life back on track or just want to know how to stay safe, including free, confidential counselling.
Level 2, East Wing, Quadrangle Building.
02 9385 5418

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