StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Discuss s 51(xx) of the Australian Constitution - the Corporation Power - Essay Example

Comments (0) Cite this document
Summary
The Australian Constitution describes the structure of the Australian government and defines the power sharing arrangements between the Commonwealth and the States. The central power is the Federal or Commonwealth government and the regional powers are the State governments of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
Discuss s 51(xx) of the Australian Constitution - the Corporation Power
Read TextPreview

Extract of sample "Discuss s 51(xx) of the Australian Constitution - the Corporation Power"

Download file to see previous pages tection of property from Federal acquisitions, freedom of interstate trade and the power of the Federal government to enter into external treaties etc. The Australian Constitution also provides for the existence of a Federal Parliament or the representative of the Queen, the Senate and a House of Representatives, whose members are chosen by the people of the Commonwealth in proportion to their numbers in various States. The Constitution provides that the Federal Parliament will have powers to make laws in relation to peace, order and good government of the Commonwealth with respect to matters related to trade, taxation, marriage, divorce, borrowing and much more. Section 51(xx) of Constitution, which is also known as the Corporations Power, grants the Federal Parliament the right to legislate in respect to foreign corporations and trading or financial corporations formed within the limits of the Commonwealth. The extent of the activities that can be regulated is unclear, but it has been suggested that both acts of corporations related to trade and external activities are covered. This essay takes a look at this section of the Australian Constitution which has been used to bring into force The Trade Practices Act 1974, Corporations Act 2001, Foreign Acquisitions and Takeover Act 1975 as well as the Competition Policy Reform Act 1995 etc.
The Constitution of the Commonwealth of Australia was framed in 1900 after the debates in the Australasian Federation Conference of 1890 and the Australasian Federal Conventions of 1891 and 1897-8. Those who attended these conferences were all sitting politicians who had been chosen by their respective colonial parliaments. The framers of the Australian Commonwealth Constitution had inherited principles of responsible government from the British Constitution and had adapted these principles to a Federation in the Australian context. The Constitution of Australia in an essence defines the structure of the Australian government, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss s 51(xx) of the Australian Constitution - the Corporation Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1534963-discuss-s-51xx-of-the-australian-constitution-the-corporation-power
(Discuss S 51(xx) of the Australian Constitution - the Corporation Essay)
https://studentshare.org/miscellaneous/1534963-discuss-s-51xx-of-the-australian-constitution-the-corporation-power.
“Discuss S 51(xx) of the Australian Constitution - the Corporation Essay”, n.d. https://studentshare.org/miscellaneous/1534963-discuss-s-51xx-of-the-australian-constitution-the-corporation-power.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discuss s 51(xx) of the Australian Constitution - the Corporation Power

Truth and Power at the Coca Cola Company

Needless to say, while some corporations have successfully implemented these recommendations and have substantially expanded their markets and financial returns as a result, others have not. This research looks at one of the corporations which have successfully reaped the rewards of globalization: Coca-Cola. Drawing on international business theory, the study engages in a critical analysis of Coca-Cola’s external and internal environments for the purposes of shedding light on its corporate strategy and uncovering the determinants of its success. The analyses, which utilize Porter’s Five Forces, SWOT and PEST, indicates that Coca Cola’s success is a direct outcome of an internationalisation strategy which is deepl...
14 Pages(3500 words)Case Study

Hongkong and Shanghai Banking Corporation

Its credit card and banking business have catapulted it to be one of the top banks in the world. The company has been doing well from 2003 until 2007 as evidenced by its financial statements. The company's financial success is explained in the following paragraphs below. The second question below discusses in clear accounting and finance terminologies the sources of the company funds. Also, the corporate governance policy of HSBC is clearly discussed in question three below.

It is said that “The starting point for my analysis of corporate resource allocation and its governance is a concern with the dynamics of enterprise and economic performance. Central to the process through which successful enterprises and econ...
17 Pages(4250 words)Case Study

Globalization and International Business: Starbucks Corporation

The Small Business Encyclopedia defines globalization as the process by which the economies of countries around the world become increasingly integrated over time. This integration occurs as technological advances expedite the trade of goods and services, the flow of capital, and the migration of people across international borders (globalization, Answers.com).
The shreds of evidence of globalization are all around us. For example, Hill (2005) cites an example of an American driving a car designed and produced in Germany that was assembled in Mexico from components made in Japan fabricated by Korean steel and Malaysian rubber. The car is filled with gasoline from oil pumped from off the coast of Africa, at a service station o...
12 Pages(3000 words)Case Study

A democratic political system is an essential condition for sustained economic progress. Discuss

What is now clear is that democracy is superior when it comes to countries that have a heterogeneous mix of people and cultures since it is imperative that all sections of society be carried along if the process of economic development has to succeed. In case this does not happen, the concerned country faces the risk of social unrest and the inability of the government to carry all the citizens along with the process of economic development.

If we look at some of the competing ideologies of the 20th century. Communism was the dominant ideology of many countries of the eastern bloc. The basic tenet of communism is the absence of private profit and state ownership of the factors of production. This means that all workers...
11 Pages(2750 words)Term Paper

The British Constitution vs The Human Rights Act 1998

This research essay analyses the above statement and arrives at a conclusion.
Integration of the provisions of ECHR into U.K’s domestic law by way of HRA 1998 can be regarded as revolutionary as it facilitates the majority of the ECHR rights provisions directly applicable in the U.K. Before that integration, a U.K Court has to presume that when there is a clash between U.K’s domestic law and ECHR rights provision, the ECHR rights provision will always prevail. This principle has been laid down in R v Secretary of Home Dept ex parte Brind1 and R v Secretary of Home Dept ex parte Thakrar. 2
Courts have now the power to declare any statue which they find incompatible with ECHR provisions and order for fine-tunin...
9 Pages(2250 words)Case Study

Carnival Corporation

However, there has been a decline in the overall cash inflow during the year 2008. This is due to the increase in the total operating cost. The operating cost for the year 2008 was 61.71%, whereas for the year 2007 the operating cost was maintained at 58.52%. The increased fuel cost has resulted in an increase in operating expenses. The fuel cost was 14.36% of the total operating expenses for the year 2007, but the fuel cost increased to 19.62% of the operating expenses for the year 2008 resulting in higher operating expenses for the period. From the cash and cash equivalents at the end of the year 2007 of $ 943 million, the net cash and cash equivalents at the end of the year 2008 have come down by 31.07% to $ 650 million. Theref...
6 Pages(1500 words)Case Study

Approach to Education: Comparison of Philosophies of A S Neill & Paul Hirst

He believed that to impose anything by authority is wrong. The child should not do anything until he comes to an opinion – his own opinion- that it should be done. He states clearly his commitment to freedom of a child: ‘we set out to make a school in which we should allow children to be themselves. In order to do this, we had to renounce all discipline, all directions, all suggestions, all moral training, and all religious instruction. The child should never be forced to learn, Attendance at lessons should be voluntary whatever the age of the child. Only learning that is voluntarily undertaken has any value, and children will know themselves when they are ready to learn. (Summerhill , p.37)

Children will on...
9 Pages(2250 words)Report

Corporation Income Tax

Since the beginning of the 20th century, Antitrust Acts have been There are instances, however, that the income or gain out of the said sale or exchange or distribution may not be recognized as such income or gain for purposes of income taxation. One such example is in the case of a controlling corporation acquiring or buying the properties of the corporation that it controls upon the liquidation of the controlled or subsidiary corporation. For the said parent-subsidiary sale or exchange therefore, the general rule is that the gain is not recognized as taxable income. There are requirements to comply with as there are some exceptions.

Parent Corporation owns sixty percent (60 %) of the single class of stock of Subsidiar...
19 Pages(4750 words)Case Study

HRM Issues and Diversification Strategies of Nucor Corporation

The cyclical nature of the steel industry is too demanding for numerous business owners. Nucor has undeniably come through this business cycle to sustain an affirmative profit edge in each quarter since 1966 (Boyd & Gove, 2000).

In spite of their discouraging entrance in the steel industry, Nucor Corporation has become a benchmark for both the U.S. steel industry and the U.S. industry in general. It is one of the fastest-growing and most resourceful steel producers around the globe. Regardless of the decreasing demand for steel, Nucor’s expansion has been exceptional; the company is among the top producers of steel in the U.S. Without a Research and Development department, Nucor has constantly accomplished techno...
7 Pages(1750 words)Case Study

The 1846 Invasion into Mexico by the U. S.: The Political and Economic Forces that Brought about the Invasion

Some of the territories led to a war with Mexico from which the United States emerged victorious, expanding its territories and decisively establishing its dominance in North America.

President Andrew Jackson led an example of an administration that set the stage for the way in which James Polk would lead. In 1817, as a still yet military leader, Jackson led the United States into the first of three conflicts with the Seminole Indians from which the acquisition of Florida from Spain would be negotiated and finalized. The situation with Spain was tenuous and should have been dealt with in a diplomatic and cautious manner, but in 1817 President Monroe wrote a letter to General Jackson stating that “Great interests...
8 Pages(2000 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Discuss s 51(xx) of the Australian Constitution - the Corporation Power for FREE!

Contact Us