Identify and describe the key features of financial legislation (namely, Financial Transactions Reports Act (1988), an Australia legislative act) covering taxable transactions and reporting requirements. Discuss in 180 to 220 words. Please remember we not here to discuss Bills, because a Bill is draft law and therefore cannot be enforced! We are here to discuss Acts. So please discuss Acts that have to do with financial legislation covering taxable transactions and reporting requirements. ( Please consider decribe this Act in the context of Australian financial environment) (please type up your answer).