Meteor Pty Ltd Owns 100% of the Share Capital of Satellite

question 19

Multiple Choice

Meteor Pty Ltd owns 100% of the share capital of Satellite Pty Ltd and Meteor Pty Ltd controls Satellite Pty Ltd.The following information is available:
$\begin{array} { | l | l | l | l | l | } \hline & \begin{array} { l } \text { Meteor Pty } \\\text { Ltd }\end{array} & \begin{array} { l } \text { Meteor Pty } \\\text { Ltd }\end{array} & \begin{array} { l } \text { Satellite Pty } \\\text { Ltd }\end{array} & \begin{array} { l } \text { Satellite Pty } \\\text { Ltd }\end{array} \\\hline & 20 \mathrm { X } 7 & 20 \mathrm { X } 8 & 20 \mathrm { X } 7 & 20 \mathrm { X } 8 \\\hline \text { Gross operating revenue } & \$ 26 \mathrm {~m} & \$ 20 \mathrm {~m} & \$ 1 \mathrm {~m} & \$ 6 \mathrm {~m} \\\hline \text { Full-time employees at year end } & 32 & 10 & 15 & 32 \\\hline \text { Gross assets at year end } & \$ 8 \mathrm {~m} & \$ 6 \mathrm {~m} & \$ 6 \mathrm {~m} & \$ 3 \mathrm {~m} \\\hline\end{array}$
-For the 20X8 year would Satellite Pty Ltd have to:
Prepare a financial report?
Lodge the financial report with ASIC?
Distribute the financial report to members?

• A)Yes
• \(\quad\)Yes
• \(\quad\)Yes
• B) No
• \(\quad\)Yes
• \(\quad\)No
• C) No
• \(\quad\)No
• \(\quad\)No
• D)Yes
• \(\quad\)No
• \(\quad\)No

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Definitions:

Mini-Infusion Pump

A small, portable pump used to deliver medication at a constant or controlled rate into a patient's body, often used in situations requiring continuous drug administration.

IV Medication

Administration of drugs directly into the veins through an IV line, providing immediate drug delivery into the bloodstream.

Catheter-Tipped Syringe

A syringe designed with a tip suitable for attachment to a catheter for the purpose of injecting or withdrawing fluids.

Needlestick Injury

An injury that occurs when a needle or sharp object accidentally penetrates the skin, potentially exposing an individual to bloodborne pathogens.