Problem
I. What are the main features of a company?
II. (i) Describe the term "limited liability". (ii) How do holding companies differ from other public or private companies?
III. Research on the taxation requirements set out by ATO that apply to a company business structure.
IV. Describe three main functions of the ASIC.
V. Name the regulations that support the Corporations Act and the ASIC Act.
VI. Why do you think the ASX is referred to as a "secondary trading market"?
VII. What legislation governs the role of the AASB?
VIII. What is the most popular type of company in Australia?
IX. Name two characteristics of a small private company.
X. True or False: Proprietary companies must hold Annual General Meetings (AGMs).
XI. How do the ASX Listing Rules protect and provide support for shareholders?
XII. List the four steps involved in registering a company with the ASIC.
XIII. What are the two main ways a company's name can be removed from the Register of Companies?