Since Federation,very Few Proposed Amendments to the Australia Constitution Have

question 30

Multiple Choice

Since Federation,very few proposed amendments to the Australia Constitution have been successfully passed.This is because of the requirement that:

• A)the proposed amendments must be approved by a majority of voters in a majority of States.
• B)the proposed amendments must be passed by a majority of voters or a majority of States.
• C)the approval of the Governor-General on behalf of the Queen is required.
• D)the proposed amendments must be passed by an absolute majority of all elected members in both Houses of Parliament.

---

Definitions:

Corresponding Asset

An asset that is related or linked to a specific liability or equity position, impacting the financial state of an entity.

Valuation Premise

The underlying assumptions or conditions upon which the valuation of an asset is based, such as assuming the highest and best use of the asset.

Measurement Technique

Methods used to determine the monetary values of assets and liabilities in financial reporting.

Basis For Conclusions

A document accompanying various accounting and financial reporting standards, explaining the reasoning behind the decisions made during their development.