Influences on Financial Management (HSC SSCE Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is ASIC's primary aim in regulating financial markets?
What is ASIC's primary aim in regulating financial markets?
To reduce fraud & unfair practices
Which body enforces the Corporations Act 2001 in Australia?
Which body enforces the Corporations Act 2001 in Australia?
ASIC
How many key sectors of the financial services industry does ASIC cover?
How many key sectors of the financial services industry does ASIC cover?
Four sectors
What type of tax structure applies to Australian company taxation?
What type of tax structure applies to Australian company taxation?
Flat rate regardless of profit size
What tax rate applies to companies with turnover under $50 million?
What tax rate applies to companies with turnover under $50 million?
27.5%
During COVID-19, what did ASIC increase the minimum debt threshold to?
During COVID-19, what did ASIC increase the minimum debt threshold to?
$20,000
What company tax rate did all Australian companies pay before 2017?
What company tax rate did all Australian companies pay before 2017?
30%
What enforcement power can ASIC use for serious fraud breaches?
What enforcement power can ASIC use for serious fraud breaches?
Imprisonment
What was the global average company tax rate in 2020 according to OECD?
What was the global average company tax rate in 2020 according to OECD?
23.1%
Why did Australia reform company tax rates?
Why did Australia reform company tax rates?
To improve international competitiveness