Answered: How is ‘financial product advice’… | bartleby

Related questions

Question

How is ‘financial product advice’ defined in s 766B(1) of the Corporations Act 2001? Give typing answer with explanation and conclusion

Expert Solution

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Blurred answer

Similar questions

what is an effective and valid offer ?
Zoey is the CEO of a corporation she organized herself, and the corporation has 15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation. Subchapter S Closely-held Professional
What are accounting symptoms of Fraud? What are analytical symptoms of Fraud?
A sales associate prepares a BPO but they can't remember if they can charge the client for this service. You inform the sales associate that in Florida: "You can't charge for the BPO, that's illegal." "You can charge for the BPO as long as you only do so under the supervision of your employing broker." "You can't charge for the BPO unless you run it by a certified appraiser." "You can charge for the BPO, but refer to it as an appraisal to
Why do the finance officers need to understand the other functional areas of the business and why do they need to have a good communication skill?
Agency Issues. One of the “Finance through the Ages” episodes that we cited is the 1993 collapse of Barings Bank, when one of its traders lost $1.3 billion. Traders are compensated in large part according to their trading profits. How might this practice have contributed to an agency problem?
As you know, not all purchased intangible assets are necessarily “§ 197 in-tangibles.” For example, in a standalone transaction you purchase a patent with a six-year remaining life from the inventor for use in your Schedule C widget-making business – this is not a § 197 intangible. Or, as a further example, one of your key employees decides to quit; since she knows all of your trade secrets you pay her $250,000 cash in exchange for her signature on a three-year non-compete agreement. How, if at all, would you recover your capitalized investment in the patent and the noncompete agreement for FIT purposes? (a) Even though they are not § 197 intangibles you still must amortize the cost of each over 15 years. (b) You must amortize the cost of the patent over 15 years but you can amortize the cost of the noncompete agreement over its three-year term. (c) You must amortize the cost of the non-compete agreement over 15 years but you can amortize the cost of the patent over its…
The AICPA can bar or suspend from practice any accountant deemed to have engaged in "unethical or improper professional conduct." Select one: True False
Explain the difference between being licensed and being registered. Being licensed means finding a sponsoring broker; being registered means passing the state exam. Being licensed means passing the state licensure exam; being registered means registering your information with the DBPS and showing up as "active" on their website. Being licensed means completing your pre- licensing education; being registered means passing the state exam. Being licensed means passing the state exam and signing up with a broker; being registered means completing your post-licensing education
Oh, no! You lost your job and have fallen behind on your bills. You now owe more money than you could possibly make in the next year. What are the steps you can take to get help with managing your debt? What kinds of organizations should you contact, and how can you verify if those organizations are of high quality?
How should CPA's evaluate risks to integrity and objectivity when considering providing gifts to audit clients and/or client management or accepting risks from them?
Good governance on accounting reports is beneficial to the business. Please state five (5)reason for that.