In what circumstances will the Australian Securities and Investments Commission (ASIC) have jurisdiction over a credit contract?
A) If the provision of a financial service involves misleading and deceptive or unconscionable conduct under the terms of the Australian Securities and Investments Commission Act 2001 (Cth.) .
B) Whenever credit is provided by a company incorporated under the Corporations Act 2001 (Cth.) .
C) ASIC has no jurisdiction over the provision of credit.
D) If there is a breach of the disclosure and licensing requirements of the Corporations Act 2001 (Cth.) .
Correct Answer:
Verified
Q23: If a finance company is a party
Q24: Which of the following factors will a
Q25: The Credit Reporting Code permits a credit
Q26: In the context of credit information, which
Q27: Which of the following statements about the
Q29: Which of the following businesses will be
Q30: Which of the following information is NOT
Q31: The National Credit Code will treat a
Q32: If a borrower has previously settled a
Q33: A hire purchase agreement is a contract
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents