Which among the following statement is correct in relation to the Australian banking and finance industry?

1. APRA issues the banking license and the Australian financial service licence.

2. Australian Securities Investments Commission (ASIC) administers the Corporations Act 2001 (Cth) and the National Consumer Credit Protection Act 2009 (Cth).

3. Usage of terms such as "bank", banker", and "banking" is subject to ASIC's approval under s.66 of Banking Act, 1959(Cth).

4. Reserve Bank of Australia is the primary regulator to issue prudential standards and licenses of ADIs.