MGMT 783 Business Law: QuarryWorks Mines| A Royal Commission

Q1. What Is A Royal Commission -  How Is A Royal Commission Set Up - Under What Act Is It Set Up?

Q2. What Are The Powers Of A Royal Commission?

Q3.What Is The Full (Correct) Name Of The Banking Royal Commission?

Q4. When Was The Banking Royal Commission Established?

 Q5. Who Created The Banking Royal Commission?

Q6. Who Is The Banking Royal Commission Commissioner?

Q7. When Must The Banking Royal Commission Report?

Q8. How Many Terms Of Reference Have Been Given To The Banking Royal Commission?

Answers:

Part 1

The Type of Company: No Liability Company

Company’s Proposed Name: QuarryWorks Mines NL

Address of Company Offices: 11 Waymouth St Adelaide

Directors and their Addresses:

Jenk Tosun- 11 Waymouth St Adelaide

Elin Marabou- 11 Waymouth St Adelaide

John Musk- 11 Waymouth St Adelaide

Secretary and Address

Naomi Alice- 11 Waymouth St Adelaide

Object Clause: Solely mining of Marble.

Part 2

1.

A royal commission is a major ad-hoc created to undertake public enquiries on defined issues affecting the country.

It is set up by the Australian government.

It is set up under the Royal Commissions Act 1902

2.

The powers of a royal commission are set out in the Royal Commissions Act and include issuance of summons to individuals to appear before it for a hearing, to adduce evidence or produce documents. The commission also has powers to authorize the federal police to effect search warrants.

3.

The full name of the Banking Royal Commission (BRC) is the Superannuation and Financial Services Industry

4.

It was established in 14 December 2017.

5.

It was created by the Australian Government headed by Prime Minister Malcom Turnbull and his treasurer Scott Morrison.

6.

The banking royal commission commissioner is Kenneth Hayne.

7.

The BRC must table its final on 1 February 2019.

8.

Two terms of references were given to the BRC: to inquire into the misconduct in the banking, financial servicing and superannuation sectors and table an elaborate report of their findings (Letters Patent, 2017)

References

Letters Patent. (2017). Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. (Online). Retrieved September 14, 2018 from https://financialservices.royalcommission.gov.au/Documents/Signed-Letters-Patent-Financial-Services-Royal-Commission.pdf