Explain Australia's Corporate, Markets And Financial Services Regulator.
Professional Application Questions
1.2
Australia’s corporate, markets and financial services regulator an independent Commonwealth Government body. set up under and administer the Australian Securities and Investments Commission Act (ASIC Act), and it carries out most of its work under the Corporations Act
1.3
(a) Because of the length of time before they can access their money, for a 30 year old it is between 25 and 35 years before they have access. The payments of the regular amounts may seem relatively minor and other more immediate priorities may exist (such as a family). Hence, the long term benefit is far removed from most people’s reality.
(b) Most people need a level of education and knowledge to understand portfolio
1.2
Australia’s corporate, markets and financial services regulator an independent Commonwealth Government body. set up under and administer the Australian Securities and Investments Commission Act (ASIC Act), and it carries out most of its work under the Corporations Act
1.3
(a) Because of the length of time before they can access their money, for a 30 year old it is between 25 and 35 years before they have access. The payments of the regular amounts may seem relatively minor and other more immediate priorities may exist (such as a family). Hence, the long term benefit is far removed from most people’s reality.
(b) Most people need a level of education and knowledge to understand portfolio