Which of the following statements is NOT correct about the Australian Consumer Law (ACL)? Question 3 Answer A. Applies to transactions where goods acquired are of a kind ordinarily acquired for domestic, personal or household use or consumption. B. The ACL is administered by the Australian Competition and Consumer Commission (ACCC) who conducts investigation, authorises certain activities, provides information to the public and prosecutes breaches of the Act. C. Covers the matters of the formation of corporations, corporate regulation and the regulation of financial products and services to the extent of the making of laws with respect to those matters. D. Relates to a consumer, a person who has acquired goods or services up to the value of $40,000