Thankyou so much for all the help everyone ! It is so so appreciated and I hope all of you get some good karma :')
No worries, hardly an essay 
By "Apparently you have to keep learning if you want a job", do you mean studying in the holidays? Or do you refer to working in a job and continual learning and/or professional development that may take place in that environment?
I'm gonna assume the former, I don't think it's necessary in any degree to study during the holidays. Holidays should be enjoyed, because when you have a "real job" you probably won't get months off. Having said that, in my experience, doing some light reading towards the end of the break does help. I do this because I don't want to go from 0 to 100 studying/hr in Week 1, I'd rather build up to it with 2-3 weeks of light reading. This also familiarises me with the course content and gives me a heads-up for which aspects of the semester may need more or less work.
As for your parents, can't really help there. I'm fortunate to have very chill parents haha 
Hope that helps, take it easy, but not too easy! 
Thanks pi ! I think my parents want me to get an overview of the course and what it involves and all that jazz as well. Otherwise they think it will be beneficial to get ahead hahaha.
Your parents probably heard that from some other curry parent who wants to brag about how their kid got a Grad position at Toyota Finance.
In reality, their kid spent all his time at Matheson Library just to get away from his parents, checked out all the curry girls that walked past him, all the while his parents thought he was slaving away at The Financial Review and The Economist. He also probably crammed 12 weeks worth of lectures into the day before his exam.
If it's unclear what my point is, I dont think you need to keep learning to get a job, you need decent marks which would be helped by studying ahead of time 
Hahaha, this is so accurate ! Cheers for the rock solid advice

If anything you should be spending the holidays doing something away from uni books. Work on a project, join an interest group etc and you'll find that having those things to talk about during an interview is going to be a lot more useful then "Oh, I've been reading the Australian Financial Review since 1st year. I even sacrificed my winter break of my first ever university holidays to stay in a library to get ahead."
Thanks mate ! Appreciate the advice

enjoy your sem break!! you could pretend to go uni to study but get away from them instead. i thought you were gonna try transferring to business in semester 2, what happened?
I was thinking about it but when I started to seriously consider transferring, id missed the deadline by a few days. So I decided to stay here until the end of the year.
just get some books and magazines you want to read and stick on the cover of business books/journals so it looks like you're studying when you read them.
you're happy and your parents are happy.
LOL.
LOL! This made my day hahahahah! I am a curry too and this represents our culture and community so fucking well!!!
+1
Seconded. Curry community is actually fkd in every way, I swear -.-
One last question; does anyone have anything constructive I could do during the holidays ? I'm just killing time right now so any suggestions are welcome :')