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1) Discuss AUSTRAC and how it applies to corporations. 2)With reference to legislation, identify the general purpose/object of Chapter 7 of the Corporations Act in

1) Discuss AUSTRAC and how it applies to corporations.

2)With reference to legislation, identify the general purpose/object of Chapter 7 of the Corporations Act in regulating the financial services industry.

3)Identify what a 'financial product' and 'financial service' is under the Corporations Act and why this is important?

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