Understanding Taxation Of Returns On Property Holdings Essay

Understanding Taxation Of Returns On Property Holdings Essay
Understanding taxation of returns on property holdings is necessary before entering and investing in
Australian market. A comprehensive study of the government regulations and the existing tax
structure will help individuals and corporate in making informed choice about investing in the
precarious housing market.
Australia, officially the commonwealth of Australia is a country comprising six states, namely, New
South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia. To govern
these states, the federal system is divided into three broad categories which are Federal government,
state government and local government.
The Federal government has the power to make the laws for all Australian Territories. Specific areas
of legislative power are given to the federal government which includes taxation, defense, foreign
affairs and postal and telecommunications services.
The state government is permitted to pass laws related to any matter that is not controlled by the
Commonwealth under Section 51 of the Australian Constitution . Some of the key responsibilities
handled by the state government are –Agriculture, Education, Electricity and gas supply, health,
housing, public transportation and law and order.
Local government also known as local councils, handle community needs like waste collection,
public recreational facilities and town planning. The State government oversees the work and
responsibility of the local government and decides what
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Taxation Law Essay
Introduction Taxation law may be described as the body of law that governs liabilities of persons to
pay to the government. In this report, I will determine to Jack John's taxable income during the
given income year. So as to give proper legal advice to Jack Jones, I have to take into consideration
those issues, determine taxation residency status, determining assessable income for the year and
calculating deduction of the year. After all those issues discussed regarding Australian taxation law,
it possible proper advice to Jack John accordingly his assessable income and deductions. Taxation
residency status According to the taxation law, Australian residents require to assess their income
(ordinary and statutory income) which is derived ... Show more content on Helpwriting.net ...
Domicile and permanent place of abode test According to the Domicile Act 1982 and the common
law, an individual domicile is determined. The person's domicile is determined by his or her parents'
domicile. In the case, he owns a house in Vancouver, Canada that he shared with his wife and his
child before they come to Australia. Also, he does not have any property in Australia. All those facts
indicate that his permanent place of adobe outside of Australia. 183 days test According to the 183
days test, defining whether a individual is started residing in Australia and is not related for a
taxpayer is leaving Australia. if an individual has been Australia, irregularly or continuously, during
greater than 183 days of the income year, the Commissioner will conclude that his usual place of
abode is Australia. In this case, on the 1st of August 2015, he left Australia to work in Canada. Jack
worked for 9 months for Samsak in Canada. This means he already stayed over 183 days outside of
Australia. Commonwealth superannuation test Under Superannuation Act 1990, if a person is
member of superannuation scheme, an individual is Australian resident, or an eligible employee for
the purpose of Superannuation Act 1976; or a spouse, or child under 16, of a person covered by s
6(1)(a)(iii). Income Income from personal exertion Rewards for

Country Risk Analysis
Country Risk and Strategic Planning Analysis
Global Business Strategies MGT/448
August 10, 2011
Country Risk and Strategic Planning Analysis Sydney Cove produces the finest Aussie wine on the
market. This paper will convey the various risks associated with implanting a forging business
venture and identity key components of the organization's business plan. It is imperative in this
business to identify potential harm, define what Sydney Cove stands for and outline potential
advantages.
Political, Legal, and Regulatory Risks Sydney Cove Winery is one of the finest wine distributors in
the Australia and New Zealand region. Sydney Cove Winery is looking to expand and share their
fine wine with the rest of the world, ... Show more content on Helpwriting.net ...
The climate in Coonawarra is perfect for wine cultivation for it has bountiful rain and extensive
clouds, which maintains the climate at a range of 66 degrees Fahrenheit. The price would be
determined on the quality of the grapes and how it will be distributed. Sydney Cove wines will
market very high and are targeting middle to upper class clientele. The promotion will be to build
and encapsulate the history of Australian wine. The distribution and supply chain risk are very
minor. Australia exports products to South Asia and India and built a market share of 16%. This
could be the starting customer for Sydney Cove Winery (Countries and Their Culture, 2011).
Australia and New Zealand consumes 500 million liters of wine providing large revenue distributed
into the economy making wine extremely high demand (Countries and Their Culture, 2011).
Physical and Culture Risk Australia and New Zealand are separated by a major environmental
feature, the Great Barrier Reef, which is considered on the Seven Wonders of the World. The reef is
protected by the Great Barrier Reef Marine Park, which is designed to limit human use (Countries
and Their Culture, 2011). A potential challenge for the company would be exporting the product via
maritime among the Great Barrier Reef and experiencing delays in shipment. The barrier reef
currently is on the Northern part of Australia and company production is located on the southern part
of the region. Once Sydney

Career Of A Skilled And Results Driven Qualified Solicitor
A skilled and results driven qualified solicitor with experience in working extremely challenging
cases and representing clients in complex legal and litigation matters. Outstanding track record of
achieving positive outcomes within limitations. Proven ability to logically and effectively analyse
statutes, case laws and factual data. Provides concise, logical, objective and persuasive statements in
both written and oral communication, whilst simplifying complex "legal jargon" into user–friendly
terminology for clients. Proactive relationship builder. Civil & Personal Litigation File Management
Insolvency Services Settlement Negotiations Court Representation Client Relationships Multiple
Case Load Management Pre–Trial Settlements Legal Documentation Controls Taxation Legislation
Investigation & Interviewing Accounting & Bookkeeping Dispute Resolutions Staff Management
Client Advisory Services Studying Master of Labour Law and Relations The University of Sydney
Studying Certificate IV in Training and Assessment ABC TAFE 2013 Graduate Diploma in Legal
Practice The College of Law 2011 Bachelor of Arts Major in Work & Organisational Studies
(Industrial Relations/HR Management) University of Sydney 2008 Bachelor of Laws (Honours)
University of Sydney McCulloch & Buggy Oct 2012 to present SOLICITOR McCulloch & Buggy
is a specialist litigation, insurance and employment law practice that has been established for over
10 years. The

Fred Carroll Case Study
STUDY CASE 1
In the following case we need to determine if Fred is a resident of Australia for taxation purposes.
To come up with a conclusion first of all we need to examine is he satisfies the 4 following tests of
residence.
1. Resides test: We need to mention if the individual or taxpayer is a resident of Australia or if he
has the intention to become one. In our case Fred has an intention to reside in Australia as he is
setting up a brunch of his existing business in Britain. Another fact that makes Fred a resident is that
his wife is living with him in Australia and he is leasing a residence for 12 months.
2. Domicile and permanent place of abode test: An individual's place of abode is considered to be
the place where he lives or where ... Show more content on Helpwriting.net ...
After having exploited the mines for many decades the company decided to sell the land. In order to
reach a better selling price the company developed it by constructing roads, building a railway
station, and giving part of the land to schools, public institutions and hospitals. It also used part of
the land as a park. The High Court under the decision of William J. held that the purpose of the
company when it was purchased was not the selling of the land but the coal mining activities.
Furthermore the Court held that the company took the necessary steps in realizing the capital asset
to its best advantage when the land was no longer businesslike, therefore any profit obtained from
its sale should not be considered in its assessable income. A similar decision was reached also in
Ruhamab Property Co Ltd v FC of T(1928) 41 CLR

Case Study Of An Australian Tax Law
It is necessary for Jenny to be an Australian resident according to ordinary concepts. Tax rulings
98/17 assist to determine the residency of a person. In this case, Jenny is physically present in
Australia. Additionally she leased an apartment for 9 months. She considers this apartment as her
home during her stay. Moreover, her parents visit her two times. These are enough reasons for Jenny
to be Australian resident for taxation purposes. So, Jenny is regarded as a resident of Australia.
Domicile test
It is apparent from Jenny's activities that she has intentions to make Australia as her permanent place
of abide. It is her original intention to live in Australia for more than one half of year as she leased
an apartment for nine ... Show more content on Helpwriting.net ...
According to Moorhouse v Dooland, all the earnings from personal exertion may be considered as
ordinary income. If there is enough connection between the individual service and the receipt then it
will be regarded as ordinary income. If the payment is not assessable as ordinary income but it can
be assessable under section 15–2 of Income Tax Assessment Act 1997, as statutory income. The
important factor here is to identify whether the person has given up some valuable rights.
Application:
a) $100000 annual salary:
It is clear from the facts that $100000 is her salary, so it is assessable as ordinary income. It is a
service from personal exertion. This amount is annual so it is regular and periodic. There is a
sufficient nexus or flow between the receipt and her personal service. Hence, it is evident that
$100000 is ordinary income because it satisfies the characteristics of section 6–5 of Income Tax
Assessment Act 1997. It can be further explained in relation to Arthur Murray (NSW) Pty Ltd v FCT
(1965) , which shows that the income is only assessable when it is derived and earned.
b) $400000 lump sum payment:
In the case of $400,000 lump sum amount, if there is satisfactory connection between the receipt and
her personal service then this amount will be considered as ordinary income. However, under
section 15–2 of Income Tax Assessment Act 1997, it may be considered as statutory income if there
is any benefit, bonus and if

The Corporate Tax Transparency Report Essay
Introduction
The Australian Taxation Office (Henceforth known as the ATO) released an inaugural corporate tax
transparency report, showing the 579 local and foreign–based companies that paid no company tax
in 2013–14 had combined turnover of $405.9 billion and taxable income of $4 billion. The report,
which forms part of a global push for improved corporate transparency, provides a positive outlook
into corporate transparency, although the critical issue of the minimal tax paid by large corporation's
remains. This paper aims to analyse the ATO corporate tax transparency report for the 2013–14
income year to uncover and critique the appallingly low, or inexistent, tax paid by large
corporations, especially those with international transactions. Initially, the ATO's corporate
transparency report shall be outlined to corroborate the argument corporate tax paid is minimal.
Furthermore, the amount of corporate tax paid outlined in the report shall be critiqued, with a focus
on corporations with international transactions. As a final point, a number of recommendations shall
be outlined concerning corporations paying their 'fair share' of tax. It shall be argued that corporate
transparency is transitioning in the correct direction and should continue doing so, although reforms
are necessary to ensure large corporations pay their 'fair share' of tax. The starting point for this
argument is the aforementioned report.
ATO Corporate Transparency Report
The ATO has a legislative duty

Financial Planning (Insurance) Case Study
Diploma of Financial Services (FP) Case Study It is November, 2010. You are an authorised
representative of a full–service licensed dealer group, Azza Financial Services Pty Ltd. Allison and
Simon Callahan have come in to see you to ask for your assistance to plan out their next five years
and then help them settle into retirement.
Allison (aged 54) and Simon (aged 52) have been married for 29 years and live at Lot 3 Wattle
Road, Hurstbridge, Vic. Their only child, a daughter, Megan, is independent and has two children.
Allison has recently been promoted by her employer, Best Marketing, and now earns $135,000 p.a.
working full time. She has commenced salary sacrificing 30% of this amount ... Show more content
on Helpwriting.net ...
a) Give some thought to the sort of things you would cover. Include any legal requirements and
other documentation which may be helpful in the interview.
For the initial interview with the clients I would cover what Azza financial services stands for, their
commitment to the customer and any legal implications, go over the financial services guide (send
out with letter before hand) and privacy policy and compliance. I would also make the customers
aware that the information they are providing is to be used solely for the purposes of assessing their
situation to help them get to a better financial position. I would allow the customers to do most of
the talking, recording their responses in a fact finder, and ask the client to complete a risk profile
questionnaire to get a feel for what their financial position is at the present, what kind of
expectations they have on Azza financial services, how much risk they are willing to take on and if
there is anything about their situation that might prevent Azza financial from providing advice to the
client.
b) How might you ask the client to prepare for the first meeting?
By sending a confirmation letter indicating how long the interview will likely be, the purpose of the
interview and what is the outcome intended, advising the client if there are to be any fees paid,
providing the client with a list of

The Taxation System Between Australia And Bangladesh
Question:
Compare and contrast the taxation system between Australia and Bangladesh and discuss which
system is more effective. The essay should also emphasis on the effectiveness of double taxation
treaties of these two jurisdictions.
Answer:
Taxation is a scheme where one or more individual or a company or a group of companies or similar
legal entities paying certain amount of money from income, product or service to the government to
progress the country?s infrastructure. The intention of imposition of tax to the residents, either
individual or company, by the administration is to help government financially so that government
can pursue development task for the country. However, the amount of tax will always depend on the
financial stability of a country. To make the taxation scheme more effective, the taxation system and
its law necessity to be more effective. Depending on country?s circumstances, taxation system is
also very to one jurisdiction to another. However, in this essay, the discussion will focus on the two
jurisdictions namely Australia and Bangladesh and the discussion will concern specifically to the
function of the two authority to collect tax from two jurisdiction, different number using in two
different jurisdiction to identify taxpayer, sources of income tax between this two jurisdiction,
accounting system among them, the other sources (apart from income tax) of tax, the system to
bring action against the tax authority among the two jurisdiction and

Desert Climate In Australia
Climate of the Northern Territory
Central Australia
Central Australia is an arid region. Central Australia has a desert climate:
Minimum temperature noted is 20o C and average temperature in the month of October and march
is around 35oC whereas in cold season the average maximum temperature is almost 25oC which
also drops at zero degree at late mid night. Person having interest in camping and praising the
aesthetic location then Central Australia is the one of the best option for it.
Tropical north
This part of Australia i.e. Northern Territory (NT) has monsoonal tropical climate which is usually
dry and wet season. from May to October it is basically the dry season during which most of the
foreigners and tourists visit.Since the ... Show more content on Helpwriting.net ...
Main hospital in NT is Royal Darwin Hospital which includes National Critical Care and Trauma
Response Centre and the Alan Walker Cancer Care Centre..
Darwin Private Hospital is renowned for patients with private health indemnity. Emergency services
are available at all major regional towns. All the hospitals have wide range of expert doctors and
facilities since it is aligned with one of the most successful university i.e. Adelaide's Flinders
University. Telecom services made them more vast since they provide equal help and support in the
remote areas also with the help of telecommunications.
Major towns have private dentists, specialists, physiotherapists, optometrists which regularly visit
the remote areas. Below are the health care systems in Australia: national public health through
Medicare Australia for Australia's residential population paid private health insurance.
About Medicare
Almost 75% of scheduled fee is provided for private patient in the hospital by Medicare excluding
hospital accommodation , theatre fees , medical drugs etc.Temporary visa holders are ineligible to
access Medicare but on the other hand Medicare pays for healthcare amenities for foreigners.
Health insurance(Private)
Temporary visa holders must take private health insurance since any casualty can occur which can
cause sudden high expenses.
If you need hospital of your choice or opticians or ENT specialist then they can opt for private
health insurance but PR is

Qantas
Introduction:
The government and the global market had a significant influence on business financial
management. The government has influenced the financial management through compelling legal
obligations when business do not comply with the regulations, ASIC can pursue a range of solutions
as well as company taxation.The global market has influenced the financial management of business
in relationship with the availability of funds, interest rates and global economic outlook. Apple and
Qantas are two businesses that have successfully attempted to deal with these influences. Through
implementing strategies they can achieve their financial objectives and have effective management
of their financial positions and budgets.
ASIC
An important ... Show more content on Helpwriting.net ...
Interest rates is the cost of borrowing money. Whenever there are high interest rates, the risk of
borrowing funds increases.Traditionally Australian interest rates are known to be higher than other
countries such as US. Interest Rates fluctuations can significantly impact solvency issues and the
ability to achieve maximum profitability within the business such as Qantas. Qantas must take into
account whether to borrow money from overseas into domestic financial banks consequently to be
in a better financial position allowing Qantas the incentives to borrow overseas with lower debt
repayments and utilise extra funds for expansion. When interest rate is high, the cost of borrowing
currency overseas will be high thus Qantas will achieve a low profit. Therefore, Qantas are able to
take advantage to raise local funds or make government investment. If Qantas were to borrow
foreign currency for example, the US as an option to raise their debts, it will be beneficial in cutting
debt service cost. Currently Australia interest rate is at 6.4% compared to the US interest rates at
5.36% as a result of cheaper interest rates it will lower the cost of borrowing and lower interest
expenses. Thus, this demonstrates how Qantas has a wide range of operation overseas and is cost
effective to fund them from overseas banks due to lower interest rates. Therefore, Qantas are able to
utilise the extra funds and ensure their business to achieve success in their financial objectives. This
present that Qantas holds an enormous advantage, one that can be use to overcome the fact Qantas
are at a considerable unit labour cost

A Report Of Roger And Michelle Plan On Establishing Winery...
This report will advise Roger and Michelle how to establish their Adelaide Hills wine touring
business. Ownership structures are considered, whether a partnership or private company would be
more beneficial, together with important elements of business establishment and legal
considerations, success factors, and future possibilities. Information was gathered from a variety of
sources including government organisations, primary sources, and the South Australian Tourism
Commission which provided reliable information. Numerous media articles and websites were
referenced to support information as these sources were not as reliable as government organisations
and primary resources.
Introduction
Roger and Michelle plan on establishing ... Show more content on Helpwriting.net ...
A written Partnership Agreement covers various legal matters, such as; partner contributed equity,
how profits/losses will be distributed, and the name of the partnership.
A partnership has many advantages. It offers lower establishment costs compared to setting up a
company. It allows a group of people to contribute their knowledge, skills, specialities, and allows
for all financial assets to be combined. In the future, it would permit their children to be involved in
the business. Also the partnership structure can be changed to meet longer term goals.
A disadvantage of a partnership is unlimited liability, meaning personal assets are at risk. Also if a
partner incurs any debts or dies, the other partner(s) are liable (see Appendix A, page 8).
Private companies are the most common company structure in Australia and are often family owned,
small to medium sized businesses. They can have 1–50 owners who buy shares to contribute capital.
Once incorporated, the business becomes its own legal entity. This means that shareholders have
limited liability equal to the amount of shares they own and none of their personal assets are at risk.
Limited liability is an important benefit as it means that the shareholder's personal assets are not at
risk and are only liable for the amount of shares they own. It also offers potential to expand,

Case Study On Tax Legislation Essay
Table of Contents
Case study 1 .............................................................. Page no. 2
Case study 2 .............................................................. Page no. 4
References .............................................................. Page no. 6
Case Study 1
Issue
How will Kit be taxable for his investments and income for the taxation year?
Relevant Legislation
ITAA 1997
Analysis
A person is said to be a tax resident of Australia by any of the four ways1.
a. Primary Test for tax resident status is Residency test. There is no definition of this test in the tax
legislation. In the test, resides means to live in a particular place for a considerable amount of time.
The behaviour of the person should show that his intention by way of his any act is to live in
Australia. It can be by way of the place to live, motive to come to Australia, Family or business
relationship ties, Assets located in Australia, etc.
b. Domicile test – When the primary condition could not be fulfilled, other test can be applied. One
is of domicile which means that the permanent place of residence should be Australia for tax
resident of Australia status.
c. Test of 183 days – It means that a person should be present in Australia for 183 days. Such no. of
days can be in running or in part of the tax year.
d. Superannuation Test – This test is applicable to the employees of Australian government working
overseas, but their family is residing in Australia. The spouse of such employee and if the child is
below 16

Why The Income Is Derived As A Contractor
Introduction
Toby is a highly competent pilot and has extensive amount of experience in flying aircrafts. He has
established a separate entity for the purpose of operating his business operations with an objective of
earning gains after covering the operational cost and training expenses of the business.
Toby works on contract roles for multiple positions depending client requirements. Toby gets the
compensation for his duties performed.
Legislations applicable under this case
In order to identify Toby's relationship with the employer several aspects need to be verified to
assess his tax implications. In order to consider whether the income is derived as a contractor we
need to consider whether this income has been derived from ... Show more content on
Helpwriting.net ...
You also need to be aware of: how you are taxed if some or all of your income is personal services
income any super guarantee entitlements you may have (Australian Taxation Office, 2013).
According to (Superannuation Guarantee (Administration) Act (Cth), 1992) makes it a mandatory
obligation for an employer to make superannuation contribution for the advantage of employees.
This act encompasses the employee with an elaborated description of employee. As per this act, if an
individual is working under contract that is solely or majorly for the purpose of the skills or
expertise of that individual then he will be considered as an employee in the eyes of law. Under
(Superannuation guarantee ruling 1, SGR 2005/1) it clearly describes the circumstances when the
employee will be considered as an employee. For ATO to consider the individual a deemed
employee the person should be compensated for his personal efforts and expertise, he must perform
the work by himself and there isn't any possibility of assigning the work to someone else and he
shouldn't be paid to achieve an objective but compensated for his efforts (CPAAustralia, 2013)
The Ruling specifically notes that an individual who contracts using an ABN may still be an
employee for the purposes of the SG Act (Superannuation Guarantee (Administration) Act (Cth),
1992).

The Taxation System Between Australia And Bangladesh And...
Question
Compare and contrast the taxation system between Australia and Bangladesh and discuss which
system is more effective. The essay should also focus on the effectiveness of double taxation treaties
of these two jurisdictions.
[Introduction]
The authority to collect tax is differ from one country to another and their jurisdictions and form of
function are also distinguishable. In Australia, the duty to collect revenue lays to the Australian
Taxation Office (ATO) along with other responsibility. The role of ATO is to organise and form the
tax and the system of superannuation. There are few more rules that have to practice by ATO which
includes executing the goods and services tax (GST) as an agent of the Australian states and
territories, operating some programs to ensure the transfer of revenue and benefit of that revenue is
properly distributed to the whole community, administrating the superannuation system of Australia,
managing and controlling of Australian business register. Nevertheless, the ATO derives from the
public authority, Performance and Accountability Act 2013 but the accountability is imposed by the
Public Service Act 1999. On the other hand, in Bangladesh, the tax administration is mainly
practiced by National Board of Revenue (NBR) which was established under the President?s Order
No 75 of 1972 and this board is working under the Internal Resources Division of the Ministry of
Finance. This NBR is responsible not only for collecting tax but also for

Essay about Determining Assessable Income
Introduction.
Individuals thrive off producing income in order to meet their day–to–day needs and wants. Tax is
imposed on these income producing activities to provide the government revenue. This involves
identifying the various ranges of assessable income. The legal question which must be addressed is
any of the income that was earned by these individuals assessable income under the Australian
income tax assessment act? To answer this question, we must determine if a nexus exists between
Australia and the person(s) being taxed by applying the concepts of Residency, Source and
Derivation.
1. Residency.
Residency is important because it is the basis as to how the government will tax individuals.
S6–5(2) and s6–5(3) ITAA97 states ... Show more content on Helpwriting.net ...
In this case, the taxpayer was a Greek national resident in Australia employed by a Greek Press and
Information Service located in Sydney which was an instrumentality of the Greek Ministry of
Foreign Affairs. A position in Greece was applied for but was not appointed until after she had
migrated to Australia. She became a permanent public servant of the Greek Government upon taking
up the position and behaved as a consulate employee. Her income was subject to tax in Greece. The
Greek Government forwarded her salary to the Sydney office after deductions had been made for tax
and superannuation.
It was held by the court that according to s.23(q) of the Income Tax Assessment Act 1936 the
income of the taxpayer was derived from a source within Australia, as such, would be subject to
Australian taxation laws.
The taxpayer in this instance was sourcing income from Australia. The destination where payment
was originating from becomes unimportant. Regardless of the fact that the employing entity is, or is
not an Australia resident nor does it have to be situated in the same country. In contrast, it is where
the relevant work was performed that becomes the main focus to determine assessable income.
2.1.1.1 Income derived from work performed in Dubai.
Applying this reasoning to Melinda and Aaron, although the contract made with Jacobs, Sly &
Bennett was signed in Australia and payment of

Obesity Policy Coalition
Introduction to the Obesity Policy Coalition
The Obesity Policy Coalition (OPC) was formed in 2006 in response to growing concerns about the
climbing rates of obesity within the Australian population which showed a direct correlation with
increasing rates in chronic diseases such as diabetes and cancer. The OPC functions with the
primary intention of influencing change in both policy and regulation in order to support obesity
prevention with a heavy influence on affected Australian youth. The OPC undertakes research that it
can use to help propose changes to governing bodies and design campaigns.
The Obesity Crisis
This submission directly addresses the growing concern towards the escalating number of
overweight and obese people within Australia ... Show more content on Helpwriting.net ...
In fact the Australian Food and Grocery Council (AFGC) are on record as stating that a fat tax
would not address our obesity levels at all. However, it is worth noting that the interests of the
Australian Food and Grocery Council remain heavily influenced by the success and growth of the
Australian Food industry which is made up of many companies whose products will incur the
proposed tax. Therefore it is not unreasonable to suggest that the The Australian Food and Grocery
Council are not wanting this type of legislation to be introduced for fear of financial loss.
There has been significant evidence that suggest that the proposed fat tax will in fact be successful.
As previously stated there already have been similar attempts made across the globe from which we
can learn. However, Iit is both irresponsible and asinine to suggest that the fat tax would fail in the
same way that it had in Denmark as Australia is in a very unique position geographically and by
nature the risk of cross border trading is dramatically

JBS Australi Case Study
Nov 2014 – Feb 2016 JBS AUSTRALIA (PREVIOUSLY PRIMO AUSTRALIA)
Scone, New South Wales
Assistant Accountant/Purchasing Officer (Acting)
Company Profile:
JBS Australia is a leading supplier of Australian beef and lamb products, exporting to more than 80
countries whilst successfully maintaining significant market share in the domestic market. JBS
employs in excess of 8,500 people across Australia in a broad range of roles.
Key Duties & Achievements:
Assisted the Site Accountant in order to prepare weekly and monthly management accounts.
Prepared a range of periodical reports and schedules that reflected the site performances.
Conducted variance analysis to determine cause of variance between forecast and actual results
Reconciled ... Show more content on Helpwriting.net ...
Analysed both AP and AR reports of servicing clients and provided them with professional advice.
Interacted directly with partners to resolve accounting and taxation issues, providing them with
appropriate solutions.
Discussed and implemented effective methodologies to optimise tax liabilities of the clients within
the legal framework.
Negotiated directly with the Australian Taxation Office (ATO) on behalf of client regarding a range
of matters.
Interacted with the Australian Securities and Investments Commission (ASIC) through CAS system
to facilitate matters such as registering, deregistering and changing company details.
Undertook the preparation of unique reports and analysis for partners to assist them to make
effective decisions.
Assisted with other duties, including those regarding reception, administration, banking and mail
clearing as required.
Initiated to prepare public folder, which consist of new tax changes, industry specify, awards, PAYG
tax tables etc., to enable information to be easily accesses by existing staff and trainees.
July 2014 – Nov 2015 H&R BLOCK
Ultimo, New South

Crown Insurance Services Case Analysis
CLAW3201 Case Analysis
Introduction
In Crown Insurance Services Ltd v Commissioner of Taxation (Crown), the issues raised are
pertinent to the residence and source of the company under s6(1) of the Income Tax Assessment Act
1936. As cases are determined on the basis of all relevant facts and circumstances of each case, this
analysis will focus on how the court's decision process determined whether Crown had carried on
business in the years 2004–2007 inclusive and the existence of central management and control
(CM&C) in Australia. The purpose of this is to assess the valuation of Crown's taxable income,
which ultimately resulted in the objective decision to be set aside in favour of the applicant.
Evaluation will be made in regards ... Show more content on Helpwriting.net ...
Following from this, it is logical to assume that Mr Pattenden had dealt with the reception and
decision towards the valuation of claims while residing in Australia, as it would be extremely
unrealistic for him to travel to Vanuatu each and every single time he received a claim that needed
processing. When now compared to Malayan Shipping, Crown appears to possess much of the same
indicative facts that had caught Malayan Shipping as a resident of Australia. Mr Sleigh had similarly
made decisions relating to his business while in Australia and had drafted contracts that were then
intended to be signed outside of Australia. This was seen as the essential test confirming both
'carrying on business' and 'CM&C' in Australia. It is therefore possible to suggest that should
Crown be further tested in a higher court in the future, highlighting the case of Malayan Shipping
and focusing more on CM&C could potentially alter the case outcome.
Current state of law (200–250 words)
The law of Residence and Source within Australia has been both and unclear and problematic, thus
creating uncertainties that have recently been "magnified with factual application and technology
changes that allow remote management" (Dirkis 2005). Even cases as similar as

The Income Tax Law : Australia
INCOME TAX LAW
Name:
MEHRAN MUZAFFAR
Candidate Number:
30111746
Professor:
SATHIASUNDAR VIJAYASANKAR
Date Due: 18 Sep 2014
PART A REQUIRED 1
Introduction
1. Income tax is generally payable annually by residents or non residents who are receiving income
in Australia provided the income was derived, earned or accrued while living in Australia. The
returns earned from a business operated partly in or out of the country i.e. Australia are considered
to have accrued in totality from Australia. All the income earned from investments, sale of personal
property or any other income is subject to taxation. (Renton, 2005)
The residents of Australia are basically ... Show more content on Helpwriting.net ...
The income tax assessment ruling IT 2650 of permanent place determination which is also related to
case IT 2607under the ATO ID 200/179 puts more emphasis on the place of resident.
It defines a resident as a person who is domiciled in Australia unless the commissioner is convinced
and satisfied that the permanent place is not Australia as was illustrated in the case of Henderson v
Henderson (1965) 1 All E.R.179.
James Cookie works for a foreign company that has been registered in Bermuda that owns and
operates passenger cruises across the Pacific Ocean. He owns a house that he inherited from his
parents in Sydney, Australia. By virtue of his inheritance and parentage he is an Australian citizen.
But he has rented the family house to his relatives who live in the house but the furniture and one of
the rooms belongs to him. In the current year he spent only eighty days in the house while most of
the other days he was away. For tax purposes he will be considered as a resident as he has no other
permanent home even though the company he works for is foreign based. All his income will be
subjected to taxation in Australia

Should Cannabis Be Legalised?
Should cannabis be legalised in Australia? Your response should provide a considered discussion of
the advantages and disadvantages of both legalisation and criminalisation which shows evidence of
wide and varied reading.
Cannabis originated from Central Asia generations ago, with references to Cannabis dating back to
medical and religious Chinese and Indian texts. Cannabis was also used in the West as hemp fibre,
for industrial purposes, before it was used for medical use by W.B. O'Shaughnessy. Through this
essay, I will be evaluating cannabis as a recreational drug, which has occurred since the 1840's seen
in hashish clubs and bars, and will be analysing the advantages and disadvantages of the legalisation
and criminalisation of ... Show more content on Helpwriting.net ...
This increased government revenue could be seen as a major advantage in legalising marijuana
where revenue could be used for increase expenditure in defence, education and health.
Another advantage attained from removing prohibition may not only be increased revenue through
reduced government expenditure on prohibiting marijuana as mentioned above, but may also be
seen through the social benefits seen from the prohibition moving away from the focus on softer,
less harmful such as marijuana, and would focus on drugs with more harmful effects such as heroin
and methamphetamines. Through decriminalising marijuana, police forces could focus more on
more addictive, harmful drugs which have a higher risk over overdose and more serious effects.
Another advantage of legalising marijuana may be the medical benefits of cannabis which can be
used to create a safe therapeutic effect, when used medicinally in its purest form. Studies also show
the marijuana when used under a supervised routine of medical care can be used to reduce stress, as
well as relieving and reducing nausea from cancer patients who participate in chemotherapy. Other
medical source's state Marijuana, once again when used under supervision for medical reasons can
be effective in treating glaucoma, through relieving pressure on one's eye socket, as well providing
relief to those suffering from AID's and Multiple sclerosis. Whilst to put in perspective the
damaging effects of marijuana in

The Tax File Number Declaration
Employer Obligations
3.1 Tax File Number Declaration
New employees are required by law to complete a Tax File Declaration Form before they can
receive any payments, which must be lodged electronically to with the Australian Tax Office within
14 days of employment. This is so the ATO can match up information provided by other sources,
and to detect nondisclosure and prevent tax fraud. If a TFN is not provided, the employee can be
taxed up to 49% of their income. If an employee has submitted a form for a TFN and is waiting to
receive it, then the employer should deduct normal income tax for up to 28 days, after which they
resume taxing at the maximum rate.
There are two sections to a TFN Declaration Form, for the employer and the employee. ... Show
more content on Helpwriting.net ...
Superannuation is when portions of an employee's earnings are paid to a specified fund by the
employer at least every three months. When the employee has reached retirement age and is no
longer working full time, they can receive this money either as a lump sum or in the form of a
pension to support them in their old age. As an employer, you will need to make this payment on
behalf of your employees and yourself.
Some standards must be met before you are required to make payments, if your employee is
younger than 18 they must work more than 30 hours a week and they must be earning more than
$450 a month. Regardless of whether they receive a pension, the type of work or residency status,
you are legally obliged to make payments for them.
To begin paying Super, you must first choose a default fund to make payments to, if your employees
can't or don't choose another fund. You will provide the details in Section B of the Standard Choice
Form. The fund must be compliant with Super law and registered to offer a MySuper product, which
you can confirm at the Superfund Lookup site. Some funds may require you to make more regular
payments to join up. An employee will have the opportunity to choose their own Super fund when
filling out their Standard Choice Form, which must be provided within 28 days of them requesting
one. You then have two months to begin making contributions to their chosen fund.
As of the time of writing, the

Essay On Taxation System
Abstract: The taxation system in Australia that we are having in this day and age has in long run
been the result of changes that have taken place over 40 years. However, the government does not
feel sure about the progress they have made, as they are looking for a more gainful undertaking. The
change that the government looks for is something that is less expensive, more attractive and less
complex. The administration might want to support and consider a wide range of proposals on the
off chance that they have a tendency to be productive. This report has been penned down to give the
legislature a recommendation of change. The report has been separated into few portions for that
reason, whereby the initials segment discusses issues and ... Show more content on Helpwriting.net
...
KPMG has been appointed to present that reform for the following year, therefore, they were asked
to review and suggest reforms the elections. Subsequently, by composing this report I can pass a
discussion paper to the firm, so they can consider my perspectives too for the changes with the
inclusion of GST impacts on different sectors. Issues and research: One of the greatest issues that
Australia requires the tax reforms is a result of the monetary implications the tax will have on the
financial condition particularly the GDP. Since the commencement of the financial development in
Australia being fueled by interests in assets and energy sections the GDP has been at a steady fall
stage and specialists recommend that it will keep on being this way if there are no changes made to
the tax collection system (CPAAustralia, 02, 2015). Real GDP year–on–year growth projections,
Australia, 2014/15 to 2030/ Source: KPMG estimates As is clear and obvious from the forecasts of
KPMG that if tax systems are not transformed they will absolutely affect the smooth working of the
economy and this will bring about a consistent decline in the income earned by the government and
consequently this would lead to improper

Case Study Of Discovery Macadamia
Market research and feasibility studies
As of 2018, Discovery Macadamia does employ market research to further and improve their
company. Discovery is working closely with Australian Macadamia Society on techniques to
improve productivity of the farm and macadamia trees to yield more produce. Together the
organisation and Discovery have researched different planting and harvesting techniques and how to
better utilse the land to be more efficient. The company also has former chairman of the Australian
Macadamia Society, Kim Wilson, as their senior consultant guiding them through the process of
growing and processing the crops.
After extensive research, Discovery has improved their irrigation to be more environmentally
friendly and altered their pest control system by removing unnecessary chemical pesticide. The
company has also set up a nut drying and packing system and purchased more machinery for
harvesting. Through these drastic changes the business has also been able to provide more
employment opportunities, especially in the ... Show more content on Helpwriting.net ...
As Discovery exports overseas, they are able to create additional jobs and boost incomes. While
they have also contributed to the increase in the GDP of macadamias which is apparent in the
increase of the market value of the nuts.
As for social wellbeing, Discovery provides employment for a large number of people and the
company focuses on supplying jobs to local Northern New South Wales' communities. While in the
workplace, Discovery tries to make sure workers are treated fairly and with respect and integrity to
ensure the happiness of employees. Through this, they are able to provide joy, financial security and
self–fulfilment for many and hence, ensuring the social wellbeing of workers.
Part C– Fostering culture, innovation and entrepreneurship
Telstra Business

Notes On Discount Capital Gains
Under the Income Tax Assessment Act 1997, discount capital gains need to satisfy requirements
from sections 115–10, 115–15, 115–20 and 115–25. 1 Covenants are placed on the entities eligible
for discount capital gains. These entities include individual taxpayers, life insurance firms,
superannuation and trust funds. 2 All discount capital gains events must have occurred after 11:45
am inclusive as of the 21st September 1999. 3
Indexation methods are not used when calculating the cost base of discount capital gains. Asset
depreciation methods are used for discount capital gains in the event K7 has occurred. 4
Recalculations are permitted in the event indexation methods were initially used during the discount
capital gains calculations process. Accumulated interest on discount capital gains is excluded from
section 115–20. 5 For assessment of discount capital gains, acquisition of assets and entities yielding
capital gains must be from the previous 12 months. 6 Events D1, D2, D3, E9, F1, F2, F5, H2, J2, J5,
J6 and K10 are excluded from discount capital gains assessment. Furthermore, Events D1 to F2
happen during the acquisition of assets or entities during the current financial period. Consequently,
Events D1 to F2 are ineligible for discount capital gains assessment. 7
The Australian Federal Government commissioned a review lead by John Ralph into the existing
taxation framework undertaken in 1998. The review outlined proposals to enhance Australia 's
current existing

Choosing A Suitable Business Structure
Choosing a suitable business structure For Coral Jones and James Tran (C & J) who are thinking of
starting up a new business, the ability to raise and solicit funds and operate in an efficient and
manageable fashion is determined by the form of entity with which they choose to organise their
intangible property. The four main business structures used by businesses in Australia are sole
proprietorship, partnership, company and trust, Based on Coral and James' current scenario, I would
assume they are planning to open their own designing firm which offers architecture, interior and
industrial design services. A sole proprietorship would be unsuitable for this case since it involves an
individual going into business for themselves. As a ... Show more content on Helpwriting.net ...
Ultimately, a partnership would allow Coral to continue her work in the medium sized firm whilst
establishing this new business, thus providing her with financial security in times of need. Another
advantage of the partnership entity is that it provides greater access to finance and management
from the resources of both partners. As Section 24 of the Partnership Act states amongst its rules of
the interests and duties of partners, "All partners are entitled to share equally in the capital and
profits, and must contribute equally towards the losses". Furthermore, the Act states that "Every
partner may take part in the management of the partnership business". Unlike in a sole
proprietorship where capital remains limited, partners in a partnership are able to contribute their
share in the business to increase capital volume and ultimately business activities. Therefore, the
ability to pool resources from partners will, in particular, assist James who just graduated from
university and may lack the sufficient funds needed to contribute towards a start–up business. A
partnership is also considered a safe organisation for providing credit facilities due to the unlimited
liability of partners. Sufficient funds in terms of credit can be procured from financial institutions

Business Structure Of Australia, Particularly Company And...
Introduction
This report will analyse the pros and cons of various business structures in Australia, particularly
company and trust. Jack and Jill are running a business, which produces income of $350,000 in
2015 and 2016. This report will highlight tax calculation under Company and Trust structure. At the
end of the report there will be a recommendation of which is the most effective business structure to
minimise tax payable and how to boost superannuation for better retirement.
Company
Div. 1 – General, Corporation Act 2001
Unlike trust, a company is a separate legal entity in Australia. Generally, a company has the same
rights as a natural person and can incur debt, sue and can also be sued. In this business structure,
every ... Show more content on Helpwriting.net ...
Company pat its own tax liability, and individual also pay tax liability based on their marginal tax
rates (franking credit may available for dividend paid by the company to the shareholders). A
company pays income tax at a flat rate 28.5% from 1 July 2015 on its taxable income (only applied
for company that has turnover of $2 million or less)(Australian Taxation Office, 2015)
The company owns the assets of a company and it is liable for any debts incurred. This is why this
type of business structure appear to be a high–risk business ventures.
Generally, the assets of the owner will not accessed to wipe off any company's loan, debts or
liabilities. However, there are some exceptions applied. Financial institutions have the right to
require a personal guarantee against loans or overdrafts. A personal liability could be arisen if debts
are caused by recklessness, negligence or fraudulence (Australian Taxation Office, 2015).
Proprietary Company (Pty Ltd.)
Section 45A Corporation Act 2001
A company can be formed as private, and it is known as 'proprietary'. This type of companies is
mostly family owned and does not listed on the Australian Stock exchange (ASX). A proprietary
company has less than than 50 non–employee shareholders and. A proprietary company is not
permitted to offer shares or securities to the public. It is required to have at least one director and
shareholder, and at the director or the shareholder has to be ordinarily reside in Australia

Australia Case Study
1 The Northern Territory climate
1.1 Central Australia
Central Australia is an arid region. Central Australia has a desert climate:
Minimum temperature noted is 20o C and average temperature in the month of October and march
is around 35oC whereas in cold season the average maximum temperature is almost 25oC which
also drops at zero degree at late mid night. Person having interest in camping and praising the
aesthetic location then Central Australia is the one of the best option for it.
1.2 The tropical north
This part of Australia i.e. Northern Territory (NT) has monsoonal tropical climate which is usually
dry and wet season. from May to October it is basically the dry season during which most of the
foreigners and tourists visit.Since ... Show more content on Helpwriting.net ...
It is basically dependent on where you live in NT since local markets offers locally grown product
as an option to the supermarket. In northern territory, cost of basic lunch menu including drink is
Au$18.The cost of combo meal in fast food restaurants is AU$11.Basic 1 litre of whole fat milk cost
is AU$1.28.the cost of rice (1kg) is 4.10 Australian dollars. The cost fruits like apple, banana, and
oranges of 1kg are ranges from 4.40 Australian dollars to 3.03australian dollars. The cost vegetables
like tomato, potato and onion of 1kg are ranges from 3.05 Australian dollars to3.50 Australian
dollars. The cost of basic monthly utilities (electricity, heating, water,) is 275.65 Australian dollars
for 85square meter apartment per person. Moreover, the phone tariff for 1 minute prepaid card is
AU$1.19.The average cost of internet (8mbps) is au$53.In northern territory, the cost of microwave
800/900 watt (Bosch, Panasonic,LG,) is AU$223.The cost fuel per litre is AU$1.37. In addition to
that, the cost of monthly ticket for public transport AU$69.the tariff of taxi for 1 km is 2 Australian
dollars.
3. Health and medical services in the Northern Territory
Hospitals and medical services are there mostly in every area of NT which delivers great service
with affection. Main hospital in NT is Royal Darwin Hospital which includes National Critical Care
and Trauma Response Centre

Sample Resume : Australia Business Regulations
Establishing Unitable
Australia Business Regulations [1]
[1] Department for Manufacturing, Innovation, Trade, Resources and Energy, A Guide to Starting a
Restaurant / Café / Take–away.
http://www.dmitre.sa.gov.au/files/1037_restaurant_and_catering_guide.pdf?v=128
The following applications need to be submitted for UniTable to start formally and operate as a local
business in Adelaide:
Requirements Relevant Department
Register as an Australian Company Australian Securities & Investment Commission
Apply for an Australian Business Number Australian Taxation Office
Register UniTable LTD as Business Name Australian Securities & Investment Commission
Register UniTable as Trade Mark Intellectual Property Australia
Notify local government
about ... Show more content on Helpwriting.net ...
[5] It collects revenue for the Australian Government from income tax, Goods & Service Tax, and
other federal taxes. [6]
[5] https://www.ato.gov.au/About–ATO/About–us/
[6] http://en.wikipedia.org/wiki/Australian_Taxation_Office
Thirdly, in order to establish UniTable as the legal trademark for UniTable LTD to market itself the
and app to its potential users, UniTable needs to apply to the Intellectual Property Australia which
governs the registration and protection of trademarks. After successful application, UniTable will
have "exclusive rights to commercially use, license or sell it for the services that it is registered
under". [3] [3] http://www.ipaustralia.gov.au/get–the–right–ip/trade–marks/
Last, as UniTable is a food related business, it is our responsibility to notify the Adelaide local
government of UniTable. The Adelaide City council, locating on Pirie Street, is the most frontier
part the local government, which governs over all public activities in Adelaide. That is why it is
required that a new food related business must submit a notification, so that the city council can
better monitor the city in food–safety–related aspects.
Employee related requirements
When UniTable is employing, it is required to hand in certain taxes for the employees to the
Australian government or some compensation for the employees. Below aspects should be
considered for UniTable to comply with the Australian legislations.

Taxation Of The Country 's Tax Office Essay
Introduction
Tax can be defined as a financial levy or other levy that is imposed upon taxpayers who cane be a
single person or a legal entity. The government or an organ that has a similar function equivalent of
a government imposes these levies for purposes of carrying out different government expenditures.
There are different ways of taxing that different governments employ to impose taxes to its citizens
and the administration always have different ways of punishing those who evade taxes or resist
being taxed. In Australia, the way in which residents are taxed is very different with how non–
residents are taxed with the non–residents having to pay an amount higher than the residents. The
country's tax office also has different ways of imposing tax to personal property as well as how they
define assessable income.
Therefore, this paper will address tow scenarios that are related to taxation in the country. The first
scenario is that of a Chilean born worker who happens to be a permanent resident of Australia
working with one of the Australian companies. The paper will discuss how the individual will be
taxed on his income as well as the investments tat he has done in Australia. The second part talks
about a doctor who purchases a piece of land in Sydney and after facing some financial crisis, he
decides to sell the piece that happens to be at a prime location. The paper will explain how land is
taxed on different aspects and state if the doctor will state any amount as

A Resident Of Australia And How His Salary And Investment...
Case study 1: Residence and source
Discuss whether Kit is a resident of Australia and how his salary and investment income would be
taxed (10 marks, max. 1000 words).
Answer–
In order to determine whether Kit is a resident of Australia for taxation purposes, it is important to
understand the process of evaluation of residency of the individual. The Australian taxation law has
conceived certain methods that can determine whether the income generated by an individual either
in Australia or worldwide must be taxed. There are four such circumstances that can help in
determining Kit's residency. Referred to as "Tests" the circumstances are explained below–
 Resides Test– If an individual is a 'permanent resident' of Australia, and then he ... Show more
content on Helpwriting.net ...
This test also explains that if an individual has made another country his/her home then he/she will
not be considered as an Australian resident for tax purposes.
 183 Day Test– this test explains that an individual must be considered as an Australian resident if
he/she has stayed continuously or intermittently for more than half a year of his/her income. The
only exception to this test is based on the commissioner of The Australian Taxation office, if the
commissioner agrees that the individual has his permanent abode in another country and has no
interest in taking up permanent residency in Australian.
 Commonwealth Superannuation Test – for an individual to be declared as an Australian resident
for tax purposes under this test, he/she has to be a member of a superannuation scheme which is
established under the Superannuation act of 1990 and the individual is determined as an employee
eligible for the purpose of receiving superannuation guarantee from its employer based on the
superannuation act of 1976.
Based on the definition of tests and according to the facts mentioned below, it could be clearly
understood that Kit is a resident of Australia for taxation purposed based on his fulfilment of the
conditions mentioned in the "Resides Test" and the concluding case studies as evidence of the same.
 His family resides in Australia where he owns a home

Communication Skills Of An Organization
ANS–1 (PART A)
For any particular event, the representatives of an organization have the tendency to face curb work
places of an assessment in appreciation of the 'flyer points ' which the employee acquires
occasionally from the organisation through the consumer loyalty program.
In the given case, Rosemary, who is a representative of Blanc Communication Pty Ltd, is dealing
with a compensation of $72000. Since Rosemary has adjusted to the work coniditions very well and
fitted into the environment of the organisation, she was given a chance very frequently to go abroad
beacause of which she acquired a great amount of 'flyer. All of the overseas travelling expenses were
overseen and paid by the organisation. From all her overseas travel, ... Show more content on
Helpwriting.net ...
This decision meant that the addition had two special cases in which the prizes under the consumer
loyalty of flights may not be covered under fringe benefit tax.
The first exception was that the expenses which were received from flights through different reward
points were subject to fringe benefit tax in the case of the individual having their own arrangement
and is employed by an organiastion and then the organistion has to provide the employee with flight
incentives inclusive of all the members of his family. Therefore, the fringe benefit tax is relevant in
cases where both the employee and the employer have a great connetion and in return, the flight
incentive is related to the employee's service. Considering the case of Payne (1996), the court
announced that the incentives received in a consumer loyalty program were not part of her
assessable income. This is because:
 The incentives do not constitute income according to ordinary concepts. Therefore, the flight
incentive was not 'money'.
 The incentives did not fall within section 26(e) of the Income Tax Assessment Act 1936.
The second exception is that the consumer loyalty and incentive program to the employee is
provided only after complete understanding which results from the expenditure of business. The
Australian Income Tax also issued a statement which assists the employer and the employee under
the consideration that 'flyer points' and other related

Course outline
1
TABL2751 – Business Taxation
TABL2751
BUSINESS TAXATION
(Taught concurrently with
LAWS3147 – Elements of Income Tax Law)
Course Outline
Semester 1, 2014
Part A: Course–Specific Information
Please consult Part B for key information on ASB policies (including those on plagiarism and
special consideration), student responsibilities and student support services.
Australian School of Business
Taxation and Business Law
2
Table of Contents
1
PART A: COURSE–SPECIFIC INFORMATION 1
1 STAFF CONTACT DETAILS 1
2 COURSEDETAILS 1
2.1 Teaching Times and Locations 1
2.2 Units of Credit 1
2.3 Summary of Course 1
2.4 Course Aims and Relationship to Other Courses 1
2.5 Student Learning Outcomes 2
3 ... Show more content on Helpwriting.net ...
The Learning Outcomes in this course also help you to achieve some of the overall
Program Learning Goals and Outcomes for all undergraduate students in the ASB.
Program Learning Goals are what we want you to BE or HAVE by the time you successfully
complete your degree (e.g. 'be an effective professional communicator').
You demonstrate this by achieving specific Program Learning Outcomes – what you are able to DO
by the end of your degree (e.g. 'prepare written documents that are clear and concise, using
appropriate style and presentation for the intended audience, purpose and context').
3

ASB Undergraduate Program Learning Goals and Outcomes
1. Knowledge: Our graduates will have in–depth disciplinary knowledge applicable in local and
global contexts.
You should be able to select and apply disciplinary knowledge to business situations in a local and
global environment. 2. Critical thinking and problem solving: Our graduates will be critical thinkers
and effective problem solvers.
You should be able to identify and research issues in business situations, analyse the issues, and
propose appropriate and well–justified solutions.
3. Communication: Our graduates will be effective professional communicators.
You should be able to:
a. Prepare written documents that are clear and concise, using appropriate style and presentation for
the intended audience, purpose and context, and

Questions On Income And Expenses
1)When completing your tax return, you 're entitled to claim deductions for some expenses, most of
which are directly related to your job industry
To claim a work–related deduction:
you must have spent the money yourself you must have a record to prove it it must be related to
your job
If the expense was for both work and private purposes, you can only claim a deduction for the
work–related portion.
The basics
You will need your: tax file number bank details (BSB and account number) to receive any refund
owed
For e–tax, you will need your Medicare card or number, if you wish to pre–fill your medical
expenses.
Details of your income and expenses
These could include: details from payment summaries from employers, super funds, Centrelink or
Department of Veterans' Affairs statements from banks and financial institutions showing interest
received details of foreign pensions or other foreign income received employment termination
payment summaries receipts for gifts, donations and work–related expenses details of any child
support payments made.
If you have a spouse, you will need details of their income and expenses – complete the income test
questions to ensure we get your entitlements right.
Investments if you have any shares, units , managed funds or any other investments you will need
details of: dividend payments and distributions from managed funds any investment gains or losses
from the disposal of shares, units and rental properties.
Rental properties
If you own

Case Study On Taxation
Name: Shoaib Mohammed
Student id: WHZ2056
Subject: HI6028 –Taxation
Assessment: Individual assignment on TAXATION
Taxation:
Case study 1:
This case study is about a person called KIT. He has the citizenship of CHILE. we need to decide
whether he is the resident of Australia and how his income is taxed as per legislation of the
Australia.
We can Prove that Kit is resident of Australia or not by following the four test done to find whether
a person is a resident of Australia or not.
Definition of Resident: To be called as Resident of Australia the following rules or test is to be done:
1) Resides test
2) Domicile and permanent place of abode test
3) 183–day test
4) Commonwealth superannuation test
1) Reside TEST: ... Show more content on Helpwriting.net ...
FC of taxes gets sued by different business ventures on regular basis. This is because of the
expeditions taken out by different FC of Taxes in their respective domains. The case between Crow
v FC of Taxes which also changed the notions of land acquisition entities and thinking of land
sellers too. The case provided necessary foundations to support the development of sales of land.
The issues involved in Crow v FC were quite complicated and the jury had to go through a long
investigation before providing the verdict. The judgement was in favour of Federation commission
as Crow was gaining profit from the land sold and the income earned was considered as assessable

Challenges Of Islamic Finance Industry
CHALLENGES TO ISLAMIC FINANCE INDUSTRY
Many authors agree that Islamic finance industry has a long way to become globally successful
industry. To achieve its potential for solid growth, Islamic finance must improve number of areas
including: improving regulatory supervision in the industry, adaptation of tax treatment to Islamic
banking products, establishing liquidity control, introducing risk management tools, supporting
standardization of financial products and others.
Prasad (2015) mentions necessity of protection of investments accounts, regulation in relation to
Islamic contracts and treatment of investments accounts and risk management. He also highlights
liquidity, as the critical issue. There is a lack of management instruments in central banks to manage
liquidity in Islamic banks. The Sukuk market is expected to continue to expand very rapidly, and its
development will give Islamic banks access to the high–quality liquid assets needed to comply with
international liquidity standards. Tax regulation is needed in countries which have only regulations
for conventional finance system, because some of Islamic products can face double taxation from
their nature, especially investment income from Sukuks. There is also problem with multilayered
transactions, which can cause higher taxation. All these taxation aspects may put Islamic finance at a
disadvantage.
The recent global financial crisis highlighted the importance of policymakers in responding system
wide to risks

Taxation and Related Cases Essay
TABLE OF CONTENTS
INTRODUCTION 2
PART 1 – INDIVIDUAL'S TAX RESIDENCY AND TAX ASSESSMENT 3
ADVICE TO MR. BASIL ON TAX POSITION AND THE ASSESSABILITY 5
PART – 2 ADVISE TO KUMAR 9
CONCLUSION 11
REFERANCE LIST 12
INTRODUCTION
The issue in the first case is sit out about the Tax Residency of overseas employee working in
Australia and Assessing the Taxable income and Tax liability in regards to Income Tax laws in
Australia. It provides insides about Australian Taxation System and Common law cases effects on
determination of Taxable income and deductions to different types of income.
The second case is based on taxability of Income and deductions arise from the transactions related
to property and its maintenance. It ... Show more content on Helpwriting.net ...
The ordinary incomes of Australian resident are assessable under Income tax act. Motor Vehicle: –
According to section 136 of Fringe benefit tax assessment act 1986, Fringe benefits tax is a tax
placed on benefits provided by an employer to an employee. The benefit is given a money value and
inflated to reflect a pre tax value, then taxed at a flat rate of 48.5% in the hands of the employer. As
motor vehicle is provided by the employer of Mr. Basil, it is considered as fringe benefit to him and
it is totally exempted from assessable income. Phone Account: – As employer of Mr. Basil pays the
half of phone account, it considers as the benefit to Mr. Basil but it is consider as fringe benefit and
it is totally tax free for him. Holiday: – As a performance award from his employer Mr. Basil
received trip to Hong Kong, as it's a part of employment it is also consider as fringe benefit to Mr.
Basil and it is consider as non taxable. English Rent: – Mr. Basil and his wife jointly own the house
in England so they both are under partnership agreement and income from that house must be
divided equally between them. So that $A400/month is consider as Mr. Basil's taxable income.
English Dividends: – As it is normal income it is also included in to assessable income but if paying

company had paid tax before paying dividends, Mr. Basil can get tax offset up to that much. English
Interest: – According to Section 6–5 of Income Tax Assessment Act

The Problem Of An Australian Resident
3. ASSESSABLE INCOME The issue is whether or not the profit from sale of land assessable under
s 6–5(2). Under s 6–5 ITAA97, ordinary income includes in taxpayer's assessable income.
Furthermore, an Australian resident is required to include ordinary income, which receives from
both directly and indirectly from all sources in assessable income under s 6–5(2). It is important to
know that ordinary income is not stated by the law. However, there have been many cases that tend
to help with the circumstances (Barkcozy 2014, p.251). One of the categories of income is Income
from Business, which is derived from trading transactions. In contrast, it is not gains from the mere
realization of capital assets. In order to constitute a business, it ... Show more content on
Helpwriting.net ...
In McCurry & Anor v FCT, the profit from the sale of land was assessable in accordance to s 25(1),
which is s 6–5 ITAA97, due to the fact that the taxpayers encountered into a profit–making schemes
or undertaking which was a commercial or business transactions in which their risky undertaking
was a trading venture and it led to make the profit that had been expected (Barkcozy 2014, pp.746–
750). Similarly, Peter bought a land and built six townhouses with the intention of making a profit,
which he rented and sold for $550,000 each. I draw the conclusion, of the factors which Peter had in
mind, profit–making by receiving rental income or sale. Thus, the Court has to examine a
transaction purpose. Plus, the Court must collect the evidence not only from the taxpayers but also
the surrounding facts that actually occurred. In this case, the land was acquired in the course of a
business to gain the profit from its sale and rent. Therefore, the profit was income for the purpose of
s 6–5(2). Moreover, in this

Deforestation In Australia Essay
Australia
Environmental problems– In Australia there's several different factors that contribute to the
economic downfall. Deforestation, and overfishing are two of the factors. Deforestation is default
that affects so many areas around the world. 18 million acres of forest are lost each year because of
deforestation. Australia is one of the countries that is currently being affected by deforestation, the
country has lost about 40% of their forests. Australia has been affected by deforestation ever since
the European settlement back in the late 18th century, when forests were being cleared due to wheat
production. Deforestation has damaged Australia's environment in more ways than one.
Deforestation has left various species without a ... Show more content on Helpwriting.net ...
The mining industry is done through the coalmines in Queensland, New South Wales and Victoria.
This coal is mostly exported to countries in East Asia, and at such an amount that it is the largest
reporter of coal in the world. The manufacturing sector is of less significant to the overall economy
and accounts for less than 10% of the GDP. However, the textile industry and the motor vehicle
industry are the most prominent. Major conglomerates such as GM, Ford, and Holden assemble
their engined in Victoria. In the agriculture industry, Forestry and fishing are it most profitable
industries, accounting for 8% of the current GDP.
Improvement– In terms of improving the economy, Australia needs to focus less on the agriculture
industry, since it's their most profitable industry they put all of their money and focus into making it
as successful as possible when in reality fishing and forestry is what's hurting their economy. The
fishing and forestry is hurting their environment and if they keep focusing mainly on an industry
that is scarce then eventually once they run out of trees and fish the industry is going to suffer a
downfall, and they wont make any money from it

Understanding Taxation Of Returns On Property Holdings Essay

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Understanding Taxation Of Returns On Property Holdings Essay