In What Circumstances Will the Australian Securities and Investments Commission

question 21

Multiple Choice

In what circumstances will the Australian Securities and Investments Commission (ASIC) have jurisdiction over a credit contract?

• A) If the provision of a financial service involves misleading and deceptive or unconscionable conduct under the terms of the Australian Securities and Investments Commission Act 2001 (Cth.).
• B) Whenever credit is provided by a company incorporated under the Corporations Act 2001 (Cth.).
• C) ASIC has no jurisdiction over the provision of credit.
• D) If there is a breach of the disclosure and licensing requirements of the Corporations Act 2001 (Cth.).

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Definitions:

Cycle Of Violence Hypothesis

The theory that the abuse and neglect that children suffer predispose them as adults to abuse and neglect their own children.

Neglect Of Children

A form of child abuse involving the failure of a parent or caregiver to provide adequate health care, supervision, clothing, nutrition, shelter, or affection.

Aggressive Behavior

Actions that are intended to cause harm or assert dominance over another, ranging from verbal abuse to physical violence.

Albert Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, modeling, and self-efficacy in behavior.