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b. Briefly describe each of the following legislation/regulations, standards that need to be followed when processing financial transactions and preparing financial reports. (40-60 words each)

b. Briefly describe each of the following legislation/regulations, standards that need to be followed when processing financial transactions and preparing financial reports. (40-60 words each) Privacy act 1988 Superannuation Guarantee (admin) act 1992 PAYG System Scope and objective of AASB 116 Property, Plant and equipment

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