His Honour Dixon J Observed in Ex Parte McLean (1930)

question 47

Multiple Choice

His Honour Dixon J observed in Ex parte McLean (1930) 43 CLR 472 at 483:

• A)The mere fact of the coexistence of a Federal and State law concerning the same matter is enough to constitute inconsistency.
• B)The intention of the legislature is irrelevant when resolving a dispute between coexistent laws of Federal and State parliaments.
• C)Even if a federal law is intended to be supplementary to a state law, there will still be inconsistency where the laws govern the same matter.
• D)When a federal law declares its intention to exclusively govern a particular matter it is inconsistent for a law of a State to govern the same matter.

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Definitions:

Dividends Received

Income earned from investments in the form of payments distributed by a corporation to its shareholders.

Minority Interest

The portion of subsidiary companies' equity (net assets) that is not owned by the parent company; represents the outside shareholders' percentage of ownership in the subsidiary.

Parent Company

A corporation that owns enough voting stock in another corporation to control its management and operations, making the latter a subsidiary.

Outstanding Stock

The stock in the hands of stockholders.