Which of the Following Statements Is Not Correct? Legislation Commences

question 58

Multiple Choice

Which of the following statements is not correct? Legislation commences:

• A)on the date expressly set out in the legislation.
• B)on a date fixed 'by proclamation', that is, when announced by the executive government in the Government Gazette.
• C)if the legislation is silent on commencement and it is Federal legislation, 28 days after receiving the Royal Assent of the Governor-General.
• D)if it is State or Territory legislation and the legislation is silent on commencement, within 28 days of receiving the Royal Assent of the Governor-General.

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Definitions:

Securities Act

A U.S. law enacted in 1933 that requires that investors receive financial and other significant information concerning securities being offered for public sale.

Financial Instruments

Contracts that give rise to both a financial asset of one entity and a financial liability or equity instrument of another entity, including stocks, bonds, and derivatives.

Corporate Expansion

The process by which a company grows through increasing sales, acquiring new businesses, or entering new markets.

Securities Transactions

Deals or operations involving the buying, selling, or exchange of securities, such as stocks and bonds, between parties.