For a single phase outlet for a customer in Australia and NZ, yes.
The Multiple Earthed Neutral, MEN, is so called because it is connected to Earth stakes at many poles in the street. Inside your distribution box the MEN goes to a “neutral bar”, N. That neutral bar is connected to the 'N' terminal on the top right of every outlet throughout the premises.
Each distribution box also has an Earth stake that connects to the “protective Earth bar”, PE in the distribution box. That PE is connected to the 'E' terminal at the bottom of every outlet throughout the premises.
There is only one place on the premises where there is a deliberate connection between PE and N, and that is a single link between the PE and N bars in the distribution box. PE and N are never intentionally connected inside equipment that will be plugged into an outlet.
The active phase has a service fuse outside the premises before it reaches the meter in the distribution box. (That service fuse can be removed to disconnect the power if you don't pay your bill). After passing through the meter the active goes to a master switch, and then to the “active bar”, A. Active is supplied through over-current breakers to the different parts of the premises, where it becomes the active, A, top left terminal of an outlet. That is the one that bites. It is not unknown for the A and N to be accidentally reversed on an outlet, but that should not kill you. It is also possible for PE and N to be reversed, but that should be detected as residual current through the single link between the N and PE bars.
That is how the three bars, PE, N, and A, in the distribution box are connected through breakers to outlets by three conductor cables. Only the MEN on the poles in the street are connected directly to an outlet without interruption.
During normal operation, the current in A will be equal and opposite to the current in N, and very little PE leakage current should flow. A residual current device, RCD, checks that the A and N currents are equal and opposite.
https://en.wikipedia.org/wiki/Residual-current_device
That can be used to disconnect the circuit if a ground fault occurs.