Janice is an 'authorised representative' of two 'financial services licensees': Latoya: who provides travel insurance and home contents insurance; and Finance Corp Pty Ltd: which sells travel insurance, home contents insurance and life insurance. Janice provides advice in relation to travel insurance to a client, Shae-Ann, and she misleads her into believing that the policy does not have any exclusion clauses. Shae-Ann notes that Janice is acting as a representative of Latoya and Finance Corp Pty Ltd. Shae-Ann purchases the travel insurance based on Janice's advice. However, Shae-Ann suffers a loss due to the misrepresentation of Janice. a) Advise Latoya, Janice and Finance Corp Pty Ltd (separately) about their liability to ShaeAnn? (8 Marks) In August 2017, Janice is approached by Shae-Ann who would like to purchase two financial products: - Home contents insurance; and - Life insurance Shae-Ann's accountant has issued Shae-Ann with a certificate which states that Shae-Ann has a gross income of $250,000 for the last two consecutive years (2017 and 2018). b) Advise Janice on whether Shae-Ann is a retail client or a wholesale client for each financial product?