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The Corporations Act s financial product definition: a . What is it , how does it work and what is its role and significance? b

The Corporations Acts financial product definition:
a. What is it, how does it work and what is its role and significance?
b. How was the definition derived and why was it created and drafted the way it was?
c. What criticisms are there of it and what are your views on these criticisms?
answer using relvant laws

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