Please choose the INCORRECT answer.  A proprietary limited company:Question 2Answera.Can be either a Small or Large proprietary company.b.Does not need to be registered with ASIC.c.Must comply with the requirements of the ATO (Australian Taxation Office) under Australian law.d.Can operate a cafe or a clothing store.

Which ONE of the following options is INCORRECT for companies?Question 11Answera.If I want to establish a No Liability Company, I cannot use it to operate a dog obedience club.b.When I apply to ASIC to register a company, my registration must include my proposed company name.c.If I want to register a Company Limited by Guarantee, I can use it to operate a small clothing store.d.If I want to register the business name "Jock & Angus' Doggy Bakery" I would need to register that name with ASIC.Clear my choice

I want to establish a company.  I know that I need to provide ASIC with a possible name.  The names which I like are not currently registered with ASIC.  Which of the following names could I use? Choose ONE option ONLY.Question 10Select one:a.Sandringham Bank Ltdb.A name which implies that I have a connection of some sort with the British Royal Familyc.The Royal Doggy Grooming Service Pty Ltdd.Jock & Angus' Doggy Grooming Pty Ltd

Which ONE of the following statements is CORRECT?Question 9Answera.A mortgage is not a form of security for a debt.b.Public companies are automatically listed on the ASX (Australian Securities Exchange) when they are registered with ASIC.c.The case of Lee v Lee's Air Farming upheld the ruling in the case of Salomon v Salomon & Co that companies are separate legal entities.d.Large proprietary limited companies can list on the ASX (Australian Securities Exchange) in some rare circumstances.

The application to incorporate an incorporated association has to be lodged with:Group of answer choicesthe Australian Securities and Investments Commission (ASIC)the Treasurerthe relevant registering authority in the relevant State or Territory in which the organisation is going to operatethe Prime Minister

Which of the following is NOT associated with Australian regulatory structure? I. Regulation of market integrity and consumer protection by ASIC II. Supervision of competition policy by Australian Competition and Consumer Commission (ACCC) III. Maintaining the soundness and stability of the financial system by RBA IV. Prudential regulation of authorised deposit taking institutions by APRA and emergency liquidity support of the overall financial system together with ensuring solvency of individual financial institutions by RBA