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Explain Why Australia's Compulsory Conciliation and Arbitration System Could Have

question 14

Essay

Explain why Australia's compulsory conciliation and arbitration system could have been described as an example of multilateral rule-making.


Definitions:

Fair Value

The sum likely to be fetched for selling an asset or the expense incurred to pass on a liability, within a structured deal among participants in the market at the time of assessment.

NCI

Non-Controlling Interest, which refers to shareholders' equity in a subsidiary not attributable to the parent company.

Issued Capital

The total value of a company's shares that have been issued and are held by shareholders.

Tax Rate

The percentage at which an individual or corporation is taxed.

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