AccSoc Ledger
Trimester 3 Week 3

Hello everyone and welcome back to yet another exciting edition of the Accsoc ledger!

         -  Sady, Marketing Subcom

UNSW Accsoc x Career Accelerator Presents:
Networking 101
Networking is an essential skill to have, no matter what industry you are in. If you want to develop your skills, develop connections, or simply find a job, building these professional relationships is definitely necessary. AccSoc is holding a workshop with UNSW’s Career Accelerator and the Frank Team, leading educational experts, so come and learn how to confidently approach representatives.

Event Details
  • Date: Wednesday 9 October
  • Time: 3-5 PM 
  • Location: LAW 203
Register now!
Check out the FB event
UNSW Accsoc Presents:
Cocktails & Canapes
This 2 hour networking session is a great opportunity to build professional relationships with numerous representatives from different industries. To start the night off, there will be keynote speakers, followed by an open floor networking session with representatives from the Big 4, banks and more! There will be complimentary cocktails and canapés, so to make sure you don’t miss out on this event register now! 

Event Details
  • Date: Wednesday 16 October
  • Time: 6-8 PM
  • Location: Mercure Hotel, 818-820 George St Chippendale 2007
  • Attire: Smart Casual/ Business Attire
Register now!
Check out the FB Event
Career Opportunities

AMICUS: Graduates
Part of the Dentsu Aegis network, Amicus is looking for grads to Implement data structures, marketing automation programs, marketing strategy, system integrations as some of the things you will learn on the job! Perfect for those interested in Salesforce and the MarTech world.

Deadline: 31 Oct 2019

Read more

HLB MANN JUDD: Graduates
HLB Mann Judd are looking for tax grads to join their fast-growing and dynamic team and to be supported in a heavy-learning and development-focused role. If you have a solid academic results in Accounting, apply now!
Deadline: 16 Oct 2019

As always we have some career opportunities for everyone to apply to. Check them out on the AccSoc careers board. 

Note* If the careers board isn't loading on your computer check your URL to see if your browser is blocking the list. Press unblock and you should be able to see the career board with no problem.

AccSoc Careers Board
The News: RBA cuts rates to 0.75%

On Tuesday, the RBA set the cash rate to 0.75 percent, a historic low. Following this, interest rates are expected to be close to zero, an attempt at jumpstarting the struggling economy, Australia’s GDP growth rate last quarter was at an extremely weak 0.5 per cent, continuing a trend of low growth over the last few quarters. 

The expansionary stance in monetary policy is an attempt to keep employment high, economic prosperity of Australia high, and the dollar at a stable level. Australia’s unemployment rate sits at a sustainable 5.3 per cent (as of August 2019), however that number has been steadily creeping over the months. However, the Australian dollar has been experiencing relatively low levels of inflation, last quarter a 1.6% inflation rate.

With these metrics in mind, the RBA has determined expansionary monetary policy necessary to rejuvenate Australia’s struggling economy. Australia’s consumption levels have been significantly lower than in previous years, with the NSW retail sector feeling the squeeze.

The lower interest rates is good news for mortgage holders, creating savings of 0.2 per cent. However, it is no good for savers. There will be effectively no interest on big bank accounts.

It is expected that the RBA will continue cutting interest rates as necessary. A low of 0.25 per cent is expected by February next year.

Meet the Team!

HR Director: Mike Xi

Hobbies: I’m a big fan of learning languages, I have a dream that one day I will be able to finally master the trio of East Asian languages, Chinese, Japanese and Korean. I’m working on it every day!

Best part about being director: As a HR Director, my favourite part has been watching everyone in the society get closer with one another and create some great memories. It’s also been a huge pleasure of mine to have gotten to know each member of the society, whether they be subcom, director or executive.

Funniest AccSoc Memory: There’s honestly been too many funny memories, but I think the funniest would have been the ‘Shower Boys’ thing at two of our road trips. Also watching Harry from IT when he’s drunk is always something to laugh about.

IT Director: Zac Richmond

Hobbies: I enjoy working on a few programming projects of mine that help me practise and refine my coding skills. Best part about being director!

The best part about being a director: Being able to guide and lead your Subcom to help them achieve their goals. Being able to witness them grow and develop their skills throughout the year is a very rewarding experience.

Funniest AccSoc Memory: My funniest AccSoc memory is when we were at our director road trip and we all randomly decided to jump in the freezing pool at 2am in the morning.

Check out the rest of the team here!

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