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11. Which court in Australia handles small business disputes and civil matters with a lower monetary value?  A) Federal Court of Australia  B) High Court of Australia  C) Federal Circuit Court  D) Family Court of Australia 12. In Australian contract law, what is the legal term for a promise that is not supported by consideration and is not legally binding?  A) Void contract  B) Unilateral contract  C) Gratuitous promise  D) Executed contract 13. Under the Competition and Consumer Act 2010, what is the main objective of the Australian Consumer Law (ACL)?  A) Ensure fair competition in the market  B) Protect consumers from unfair practices  C) Regulate mergers and acquisitions  D) Set standards for corporate governance 14. Which type of business structure involves individuals carrying on a business together with a view to making a profit but without creating a separate legal entity?  A) Company  B) Partnership  C) Trust  D) Sole trader 15. What is the primary purpose of the Personal Property Securities Register (PPSR) in Australia?  A) Regulating intellectual property rights  B) Recording security interests in personal property  C) Enforcing real property transactions  D) Resolving consumer disputes 16. In Australian employment law, what does the term "unfair dismissal" refer to?

 A) Termination of employment without notice  B) Termination based on discriminatory grounds  C) Termination without a valid reason  D) Termination due to poor job performance 17. Under the Corporations Act 2001, what is the legal term for the process of formally winding up a company's affairs and distributing its assets?  A) Insolvency  B) Administration  C) Liquidation  D) Receivership 18. Which legislation in Australia governs the protection of personal information and privacy?  A) Privacy Act 1988  B) Data Protection Act 2020  C) Cybersecurity and Privacy Act 2015  D) Information Security Regulation 2005 19. What is the maximum penalty for a breach of the Australian Consumer Law (ACL) relating to false or misleading representations?  A) $100,000 for individuals, $500,000 for corporations  B) $50,000 for individuals, $250,000 for corporations  C) $1 million for individuals, $10 million for corporations  D) No specific penalty prescribed 20. Under the Corporations Act 2001, what is the role of the Australian Securities and Investments Commission (ASIC) in relation to companies?  A) Regulatory oversight and enforcement  B) Providing financial advice to companies  C) Mediating disputes between shareholders  D) Auditing company financial statements

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