2.2 Fact Finding of financial market regulator in Australia Assuming after graduation you would like to apply for a position at ASIC.

Go to the website of Australian Securities and Investment Commission, do a fact finding and answer the following questions:

(1) What are the ASIC roles?

(2) Who and what ASIC regulate?

(3) What are the powers of ASIC?

(4) If a business approaches you to ask about procedures for providing credit activities, what kind of license you would advise them to apply for and what are the steps they should consider to decide whether they should apply for that license?

(5) What is book up practice in Australia, briefly explain.