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In What Circumstances Will the Australian Securities and Investments Commission

Question 28

Multiple Choice

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.) .

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