If a State Act of Parliament Does Not Mention Its

question 59

Multiple Choice

If a State Act of Parliament does not mention its date of commencement, then according to the relevant State Interpretation Act it will commence:

• A)On the day the Governor-General proclaims the commencement date.
• B)From the date of receiving Royal Assent.
• C)From the day after the date of receiving Royal Assent.
• D)28 days after receiving Royal Assent.

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Definitions:

Optimal Capital Structure

The best mix of debt and equity financing that minimizes a company's cost of capital and maximizes its stock price.

Debt-Equity Ratio

A financial tool measuring the blend of debt and equity financing a company utilizes for its assets.

Bankruptcy Liquidation

The process of selling off a bankrupt company's assets to pay off debts, typically overseen by a liquidator or bankruptcy court.

Unsecured Creditors

Creditors who have extended credit without any specific collateral, making them more vulnerable in the event of the debtor's insolvency.