The Australian Consumer Law Is Not

question 30

Multiple Choice

The Australian Consumer Law is not:

• A)A result of the conclusions reached in the 2008 Productivity Commission's report, 'Review of Australia's Consumer Protection Framework'.
• B)A Commonwealth law.
• C)Current law.
• D)Constitutionally invalid.

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Definitions:

Accounts Receivable

The sum that clients or customers owe to a business for products or services that have been delivered, but not yet compensated for.

Current Liabilities

Financial obligations or debts a company must pay within a year or within its normal operating cycle.

Long-term Liabilities

Financial obligations of a business that are due for repayment more than one year in the future, such as bonds or long-term loans.

Current Liabilities

Financial obligations that a company is expected to pay within one year.