The Information Required to Be Lodged with ASIC When Applying

question 51

Multiple Choice

The information required to be lodged with ASIC when applying to form a company is not required to include:

• A) The address of the company's proposed registered office.
• B) The date it is proposed to wind up the company.
• C) The name and address of each person who consents to become a director.
• D) The name and address of each person who consents to become a member.

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Definitions:

Living Standards

refer to the quality and quantity of goods and services available to individuals or societies, reflecting their economic prosperity and quality of life.

Financial System

The group of institutions in the economy that help to match one person’s saving with another person’s investment

Main Function

The primary or most important role or purpose that an entity or system is designed or intended to fulfill.

Credit Risk

The probability of loss due to a borrower's failure to make payments as agreed upon.