In Australia

question 7

Multiple Choice

In Australia:

• A) there is a national compensation arrangement for consumers of financial services.
• B) holders of an Australian Financial Services Licence (AFSL) can elect whether or not to hold professional indemnity insurance or alternatively pay an additional licence fee to the government.
• C) professional indemnity insurance provides the public with a consumer compensation scheme.
• D) none of the above.

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Definitions:

Public Domain

Intellectual property and content that are not protected by copyright, allowing the public free access and use.

Copyright

The exclusive legal right given to an originator or an assignee to print, publish, perform, film, or record literary, artistic, or musical material, and to authorize others to do the same.

Fair Use Doctrine

A legal principle allowing limited use of copyrighted material without permission for purposes such as criticism, comment, news reporting, teaching, scholarship, or research.

Statutory Factors

Legal criteria or standards specified in statutes that must be considered in judicial decisions or administrative processes.