Financial consumers are defined by s 12BC of the ASIC Act (Australian Securities and Investments Commission Act (Cth), No. 51 of 2001, (Australia).) as consumers of services worth less than AUD 40,000.00, (S 12BC (1)(a)) or if worth more, then ‘of a kind ordinarily acquired for personal, domestic or household use or consumption’ (S 12BC (1)(b)); or if the services are for use or consumption in connection with a small business, (Defined in s 12BC (2) as employing less than 100 people if it engages in manufacturing, or otherwise less than 20 people.) and cost more than AUD 40,000.00, ordinarily acquired for business use or consumption (S 12BC (1)(c).)