Folio 3 Week 10 Consumer Law Total [10 marks Question 17. Short Report Word limit 500 words For this task you will assume that you are employed by a large accounting firm, working in the tax and legal field within that firm. reporting to one of the organisation's senior managers. There have been several scandals in Financial Services. Prosecutions have resulted in substantial financial penalties and a significant loss to business reputation. Your manager requires you to complete a short report aiming to both educate and advise your firm's employees on how they should be conducting business in a way that does not breach the Australian Consumer Law. (ACL) You are required to address the following: - The function of the Competition and Consumer Act (Cth) 2010, and why the Act was passed by Parliament; - Identify conduct which contravenes the ACL (Refer to 518 Chapter 2 of the ACL (Schedule 2) - Examples of the Competition and Consumer Act (CIW) 2010 being enforced by the Australian Competition and Consumer Commission (ACCC) in the last twelve (12) months due to conduct that was in contravention of Schedule 2 of the Act