Below are four (4) key areas in the financial services industry. For each key area, two (2) legislations, statutory requirements, or regulations are given. Explain the key requirements of each given legislation, statutory requirement, or regulation as they relate to each key area.

Provide Reference

Key Area Legislations, Statutory Requirements or Regulations Consumer Credit National Consumer Credit Protection Act 2009 ASIC Regulatory Guide 209 page 13 Financial Financial Transaction Reports Act 1988 Transaction Reporting Anti-Money Laundering and Counter-Terrorism Financing Act 2006 Corporations Corporations Act 2001 (including accounting standards) AASB 1039 Concise Financial Reports Financial Services Financial Services Reform Act 2001 (FSRA) ASIC Policy Statement 146