The Nez Zealand Government Essay

They are liable of facing the civil penalties as mentioned in part 9B of corporation act 2001. The Australian Securities and Investment Commission (ASIC) is the national body responsible for company registration and securities regulation in Australia. Under section 1317J(1) of the Corporations Act, ASIC can apply to the court for disqualifying the directors from managing corporations. Under section 206C of corporate act 2001, court possess a power to disqualify a person from managing affirm for a contravention of a civil penalty provision.

Limited liability: the liability of investors is limited to their personal investments in the corporation.

A shareholder in a limited company is not personally responsible for any of the debts of Tesco, other than for the value of his investment in Tesco. Although a shareholder's liability for Tesco's actions is limited, the shareholder may still be liable for its own acts. For example, the directors of small companies, who are frequently also shareholders, are often required to give personal guarantees of the company's debts to those lending to the company. They will then be liable for those debts in the event that the company cannot pay, although the other shareholders will not be so liable.

When I was in elementary school, my grandparents would give me and my siblings twenty dollars if we made A-B Honor Roll. In 4th grade, we decided to treat our family by going to the movies, as we had not been to the movies in almost two years. Our idea was my sister and I would combine our forty dollars and buy the tickets and snacks, and we would have some nice family bonding. Until we met The Bike Woman, a homeless woman we encountered in the parking lot. She walked up to us, rolling her old blue bicycle alongside her and asked if we had any spare change. Without even thinking of it, we handed all forty dollars to her, along with three bottles of water we had in a cooler in the car. She thanked us profusely and even tried to give the money

The Economic objectives of every Government are; full employment, low inflation, economic growth, price stability, internal and external stability, and equitable distribution of wealth, income and resources. The current Liberal Government, led by Malcom Turnbull, aims to create a stronger economy by; creating innovation within the science programme, implementing a stronger defence industry plan, generating new business opportunities through export trade deals, tax cuts and incentives for small businesses, a sustainable budget with a crackdown on tax avoidance, guaranteed funding for health, education and roads, and finally the restoration to the rule of law within the construction industry (refer to appendix 1). Currently the Australian economy is recovering from a near recession, meaning we are now on an upswing moving towards a boom. However within the first

Throughout history, First Nations rights and privileges has been a highly controversial subject in Canada, and remains a debatable topic in society, even in the present-day. Whether it has been the controversies surrounding the missing and murdered Indigenous women or the funding of First Nation’s education, concrete results have yet to be achieved. Consequently, the above forces have delayed the restorative process for the First Nations People. That said, the Canadian Government, whether it is the Conservatives or the Liberals, have attempted to take an active approach to aid the Aboriginal community in their healing process. While the Conservative government failed to address the concerns of the First Nations community such as launching a public inquiry for the missing and murdered Indigenous women and raising funds to increase the literacy rate within the Aboriginal community, the Liberal government has acted in accordance with the above requests from the First Nations community. Although the Liberal government has agreed to provide proper funding to further Indigenous education and to launch a public inquiry for missing and murdered Indigenous women, the federal government has failed to acknowledge that to achieve a sense of reconciliation, the First Nations community requires complete self-government.

The Australian Government has long stated that information gathered at public expense is “a national resource and should be available more widely to the public” because “[a] community that is better informed can participate more effectively in the nation’s democratic processes” . According to the current (2016) Attorney General, George Brandis: “Freedoms are some of the most fundamental of all human rights. They underpin the principles of democracy, and we cannot take them for granted (2015)”. It is a familiar theme to the case made by Australian Labour Party where Senator John Faulkner called for increased public scrutiny of political decisions:

When you think of the “land down under” you don’t really think of the kind of government they have. I chose to write about the Australian government because I really don’t hear much about Australia. It currently has a pretty interesting story to tell when it comes to their government. I became a bit interested in Australian politics when I saw a political animated cartoon on the internet that depicted Kevin Rudd, the last Prime Minister, on a news television show and it was quite humorous. I am going to give a quick history lesson on Australia then go into how the government formed and came to be. Then I will talk about the Australian constitution, the Australian arms of government, their federal system, political parties and Australia’s

2-1. I agree with this statement. I would also like to add that cost behavior is also identifying the key resources that are performed, resources used in performing these activities, costs of the resources, and what the cost is driven from.

Choosing a Corporation/Company Structure - the business structure of a company/ corporation is highly recommended, it has the flexibility to gain more capital, or credit capability and assets used as security. Based on the Corporation Act 2001 (Cth) AC 22, a corporation is another legal entity with their own legal rights, duties and responsibilities separate to the individual or owner of the company (Harris, Hargovan & Adams, 2013, pp 229). The risk and consequences are one of the principal considerations of choosing a company structure (Harris, Hargovan & Adams, pp 50). Based on the “Corporate Veil” Liability is owned by a separate legal entity and not to the extent of the owner, for instance, the debt of the company is not a personal liability, but the company. This is further explained in the case below.

Marijuana should be legalized in all 50 states, when we go to concerts or parties all we smell in the vicinity is marijuana. Many of us have witnessed people smoking marijuana or may know a couple people who smoke marijuana. The main reason marijuana should be legalized is because it is bought by everyone right now illegally. The money people are using to buy marijuana is going into black money basically because the money is being paid under the table, which means it has no taxes. If the United States would just legalize marijuana, this country would be able to make so much more money because the money won’t be black money. Marijuana targets a vast variety of people around the United States. Also marijuana may be used by people who want

•LIABILITY-They offer limited liability where income and expenses are given to the share holders tax returns. Only the actual investment by the shareholders is at risk.

On July 6 1984, the fourth Labour government were elected into parliament after defeating the National party in a snap election. 1984 can be regarded as a major turning point in New Zealand political history in the sense that significant political changes affected the whole of the New Zealand society, economy and political structure. New Zealand government’s experimented with radical Neoliberal policy programmes to achieve economic and social progress during this period. The essay shall discuss the central features of the process of policy change over the period of 1984 to 1993 in New Zealand. These reforms were among the most sweeping in scope and scale within any industrialised democracy. There are a significant number of historical

As mentioned on business.govt.nz, a company is a formal and a legal entity in its own right, separate from shareholders. Company forms, when shares of property registered under the companies act 1993. The company owns the assets and liabilities and is responsible for any debt. Shareholders responsibility is limited to their share of ownership in the company. This feature is called limited liability and is made to give protection to shareholders in the company. However, if you’re running the business as a director, you are also liable for debts if your conduct irresponsible, dishonest or not in the company’s best interests. A company can raise more funds with more owners/shareholders.

The liability of shareholders will be limited in a company that is in the contrast to sole proprietorship and partnership, where their liability is unlimited. The liability of members is only limited to the amount that is agree to winding up, thus, they generally have no further liability to contribute when it is winding up