Administrative allows for the enforcement of recognized rights and duties as ASIC have the rights to help the government to abolish its Australian Financial service license from the insurance financial advisory industry.

Consumer law allows for the enforcement of recognized rights and duties as clients have the rights to send a letter concern in order to sue Mr. Farber for misled and deceived them.

Provides remedies when an injustice has been done Consumer law provides remedies when an injustice has been done as Mr. Farber clients have the authority tosue Mr. Farber does not provide statement of advice and sufficiently information on the product that being sold to them in order to claims back their compensation.

Answer rating: 100% (QA)

ASIC regulates the conduct of Australian companies financial markets financial services organizations including banks life and general insurers and superannuation funds and professionals who deal in a... View the full answer