What is referred to as an 'act'?

An 'act' refers to a law that has been formally enacted by Parliament. Once a proposed law (often called a bill) is debated, amended, and voted on, and subsequently receives royal assent, it becomes an act. This signifies that it has gone through the necessary legislative processes and is now enforceable as law.

The other options describe different stages or elements of the legislative process. A proposed law that is still under consideration or a draft of a potential bill refers to ideas and plans that have not yet been passed into law, while a report on legislative activities typically outlines what has been discussed or achieved in Parliament but does not constitute law itself. Thus, the accurate portrayal of an 'act' aligns with the definition of a law that has completed the legislative process.