The Commonwealth Auditor-General Is Appointed by the Prime Minister on the Advice

question 45

True/False

The Commonwealth Auditor-General is appointed by the Prime Minister on the advice of the Governor-General.

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Definitions:

Schedule D

A form used with tax returns to report capital gains and losses from transactions of capital assets.

Trade or Business

An activity undertaken by a person or entity for the purpose of earning profit from selling goods or services.

Capital Assets

Long-term property owned for investment or personal purposes, including stocks, bonds, real estate, and equipment.

IRC

The Internal Revenue Code, which is the comprehensive set of tax laws created by the Internal Revenue Service in the United States.