QUESTION 10

1. In what circumstance can a member enforce compliance by the company with the internal governance rules?

   	A.	Where the constitution confers a right that is personal to the member in their capacity as a member.
   	B.	As soon as they apply for membership.
   	C.	Where the constitution confers a right on the member in their capacity as an employee of the company.
   	D.	Where the constitution contains a procedural requirement and a failure to comply with the requirement can validly be excused by a majority of members in general meeting.
   	E.	All of the above.

1 points

QUESTION 11

1. Regarding a no liability company, which of the following is true?

   	A.	If a shareholder does not pay calls on the shares, the company can recover those amounts.
   	B.	Shares must only be partly paid for the initial offering of shares of any public company.
   	C.	The company must use "No liability" or "NL" at the end of its name.
   	D.	All of the above.
   	E.	None of the above.

1 points

QUESTION 12

1. How does a company amend its constitution?

   	A.	By a resolution passed by at least 75% of the members.
   	B.	By an ordinary resolution of the board of directors.
   	C.	By a resolution passed by at least 75% of the members and a special resolution passed by at least 50% of the class of members affected by the amendment.
   	D.	By an ordinary resolution of the members.
   	E.	By notifying ASIC with an updated copy of the constitution.

1 points

QUESTION 13

1. Which of the following statements about Australian Securities and Investments Commission (ASIC) is true?

   	A.	ASIC is Australia's corporate, markets and financial services regulator.
   	B.	ASIC is Australia's corporate regulator.
   	C.	ASIC is Australia's corporate and financial services regulator.
   	D.	ASIC is Australia's corporate, markets, prudential and financial services regulator.
   	E.	None of the above