Which of the Following Possible Commencement Dates of an Act

question 8

Multiple Choice

Which of the following possible commencement dates of an Act of Parliament is not correct?

• A)28 days after the date the Act receives Royal Assent from the Governor-General if it is Commonwealth legislation.
• B)The date of Royal Assent if it is State or Territory legislation.
• C)As specifically stated in the Act.
• D)The date the legislation is printed by the Government Printer.

---

Definitions:

Depletion Expense

The process of transferring the cost of natural resources to an expense account.

Accumulated Depletion

The total amount of resource extraction accounted for as an expense over time, reducing the asset's value.

Straight-Line Method

An approach for calculating depreciation of an asset, which spreads the cost evenly over its useful life.

Depreciation

A process for spreading out the expense of a physical asset across its lifespan.