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 statements about incorporated associations is NOT correct?Group of answer choicesEach State and Territory prescribes certain steps to be taken in order to incorporate an existing unincorporated association or a new association. Such steps are identical in each jurisdictionFor an incorporated association to be created, an application has to be lodged with the relevant authority in those States or Territories in which the association is going to runBoth companies and incorporated associations are separate legal entitiesA management committee generally manages an incorporated association

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.

A charter application usually must be signed by the prospective stockholders called incorporaters or

Before a company issues shares to the public, the company must: register the prospectus with the Australian Accounting Standards Board. first offer the shares to the existing shareholders. register the prospectus with the Australian Securities Exchange. provide a disclosure document with an application form attached.

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