The Object of the Financial Transactions Reports Act 1988 (Cth)

question 13

Multiple Choice

The object of the Financial Transactions Reports Act 1988 (Cth) is to:

• A) To assist the administration and enforcement of the taxation laws of the Commonwealth.
• B) To assist the administration of non-taxation laws of the Commonwealth.
• C) To make available information available to state authorities that might assist the administration and enforcement of state laws.
• D) All of the above.

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Definitions:

Cyberwarfare

War in which a country’s information systems could be paralyzed from a massive attack by destructive software.

Social Engineers

Individuals or groups who manipulate people into divulging confidential information or performing actions by exploiting psychological weaknesses.

Fire Marshals

Officials responsible for enforcing fire safety standards and regulations, investigating fires to determine their causes, and educating the public about fire prevention.

Competitive Intelligence

The process of gathering, analyzing, and using information about competitors, market trends, and the business environment to make strategic decisions.