country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

HI5015: Aspects Of Legal International Business

tag 0 Download10 Pages 2,320 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Identify a multinational company (MNC) operating in Australia. Provide a brief description of the company including the following:

· The industry the company operates in
· Number of staff in Australia
· Number of staff globally
· Location of global headquarters

Identify any legislative regulatory framework/s affecting the MNC you have identified operating in Australia and discuss why and how it affects the company. For example, multinational corporations, like local companies, are subject to 30 per cent corporate tax.

Identify any treaties, conventions or agreements that have impacted on the products or services that your chosen MNC provides in Australia. How does it impact the provision of these products and services?)
 

Answer:

Introduction

The industry in which the company operates: Nippon Telegraph and Telephone was established in the year 1952 as a government company, but in the year 1985, the company turned into a private company. The company since its inception operates in the telecommunications industry.

Number of staff the company has in Australia: The organization started its operations in Australia from 1997 and since then it has given employment opportunities to more than 200 people in Australia. The country headquarter is in Sydney, New South Wales (Linkedin , 2018).

Number of staff the company has globally: The Company since its inception has spread its wings across the globe and has contributed towards employment generation.  The company has provided employment opportunities to nearly 274,844 employees across the globe (NTT, 2017).

Location of the company’s global headquarters: The global headquarter of the company is located at Otemachi, Chiyoda, Tokyo, Japan (NTT, 2017).

Legislative Regulatory Reforms affecting NTT

Every country has its own legislative regulatory framework in order to practice control over the activities of the local as well as international businesses running within the country’s boundary. The main aim behind the development of these regulations is to make sure that fair competition is practiced in the market and necessary protection is enjoyed by the companies in order to safeguard the integrity of the market. The Australian Government as well as other Government agencies and institutions have developed such legislative regulatory frameworks in order to govern and regulate the Australian market (Australian Government, 2018). The Australian market has a national level statutory framework which is designed in order to make sure that fair business is practiced in the market and the consumers’ rights are protected. This framework is enforced by the Australian Competition and Consumer Commission (ACCC) (Australian Government, 2018). It is very important that domestic laws impose adequate restrictions as well as duties on Multinational Corporations undertaking business in Australia in order to safeguard the rights of the domestic businesses as well as the consumers. The major laws that have an impact on working of multinational corporations in a specific company include privacy laws, environmental laws, consumer laws as well as property laws (Kinley & Joseph, 2002). The regulations of a country over the telecommunications industry will govern the prices offered by a company to the consumers for their services used. In the year 1997, the Australian Government adopted a major regulatory reform in order to boost the telecommunications industry of the country. The Telecommunications Act of 1997 introduced open competition in the telecommunication industry and as a result the multinational companies undertaking telecommunication activities started to invest in the Australian market. The Australian government came up with country specific reforms in order to protect the domestic market along with the consumer rights and also make sure that fair completion is practiced in the Australian market. Nippon Telegraph and Telephone is a Japanese based multinational corporation. The Australian government in order to regulate the MNCs coming from Japan came up with regulatory reforms in 1985, according to which the multinational corporations were allowed to compete in the domestic as well as international market but they were not allowed to compete with each other.

 


In the year 1998 the Australian government adopted new reforms in the telecommunications industry. In this reform, new interconnection requirements were introduced for multinational corporations according to which Type I network operators were obliged to interconnect and access was allowed to be offered at wholesale rates along with asking authorised interconnection agreements to be made public. The designated carriers like Nippon Telegraph and Telephone (NTT) were required to interconnect as well as provide interconnection at technical points that were feasible. The tariffs applied were subject to cost and they were required to be submitted annually to the concerned Minister in order to get approval. The Australian Government also declared that essential facilities were supposed to be provided to other carriers on an equal basis as the designated carriers like NTT provides to themselves. The MNCs were also subject to separate accounting requirements (AusInfo, 1999). Australian Communications and Media Authority (ACMA) also playa a very important role in framing the regulatory norms for the carriers as well as service providers. National Broadband Network Companies Act 2011 and the Telecommunications Legislation Amendment (national Broadband Network Measures - Access Arrangements) Act 2011 are the latest regulatory reforms adopted by the Australian Government that govern the telecommunications industry within the country (Dlapiper, 2016).

The tax regime of the country is similar for  domestic as well as MNCs in the country, as the country has adopted similar taxation laws for  domestic as well as international companies undertaking business within Australian boundaries. The companies working in Australia have to pay corporate tax which is 30 per cent (PwC, 2014). Australia is an active participant of World Trade Organization (WTO) and hence has taken many initiatives in order to enhance the productivity as well as competitiveness of the Australian market. As a result the country has tried to stay liberal towards international organizations entering into the Australian market for trading and business purposes (OECD, 2010). According to the World Bank, Australia ranks 14th in the list of Ease of Doing Business 2018 which is quiet a strong position and reflects that the regulations and norms of the country are open for international corporations to undertake business activities in the country (World Bank, 2018). On the basis of economies with more than 20 million population, Australia ranks 4th globally in the ease of doing business. So, this reflects that the regulatory framework of the country is in favour and support of multinational corporations (Australian Government, 2018).

Impact of the legislative regulatory frameworks 

The main impact of the regulation of the Australian Government can be seen directly on the advancement of domestic companies of the country, as they will benefit from the multinational corporations because of the law being practiced in the country. The law related to the cost of the services offered helped in protecting the rights of the consumers as the multinational corporations were not allowed to charge according to them and they were supposed to charge wholesale rates only. These regulatory reforms have the ability to protect the Australian market in the long run and safeguard the interest of the consumers of the country (AusInfo, 1999).

 

Treaties, Conventions and Agreements impacting the products or services offered by NTT in Australia

Many treaties and agreements also have a direct or indirect impact on the working of multinational corporations within a specific country. Every country today enters into some or the other bilateral or multilateral agreements with other countries in order to boost their trade as well as to increase the competitiveness of their market. Nippon Telegraph and Telephone Japan Communications is a Japan based Multinational Corporation so the agreements and treaties signed between the two countries will have an impact on the working as well as products and services offered by the company in the Australian market. Japan and Australia have entered into a partnership agreement under the name of Japan –Australia Economic Partnership Agreement (JAEPA). The strategic agreement aims to boost two-way investment within both the countries. This agreement is considered to be the most liberalized agreement signed by the Japanese Government (Australian Government, 2018). On the basis of this agreement it can be inferred that the domestic telecommunication providers will benefit and will be able to survive in the market because of the non discriminatory treatment commitment by the MNCs in the country (Pash, 2014). It has also been guaranteed that any advancement in the telecommunication services in Japan will also be reflected in the Australian market. Transparency in the activities of the company is also imposed through this agreement along with fair as well as reasonable access towards the telecommunication services and networks. Safeguarding the competitiveness of the domestic market is also ensured through this agreement. Reviewing of regulatory decisions, ease in licensing, and increased transparency are the major highlights of this agreement (Australian Government, 2018).

 

Impact of Agreements on products and services

Free trade agreements have the ability to boost as well as promote the trading of goods and services at the global level. It has been seen that the Asia Pacific region is growing at a rapid pace because of the free trade agreements taking place across the globe (Zhang, 2010). Because of the free trade agreements entered by the Australian Government, the Australian market is open for global competition and the Australian domestic companies are free to trade at global levels and the foreign companies are able to invest as well as undertake business activities within the Australian boundary (Capling, 2008). Because of the Free trade agreement between Australia and Japan, the Japanese MNCs undertaking business within the Australian boundary have been able to enjoy great freedom and as a result NTT is able to offer high quality products and services to the citizens of the country. Any advancement taking place in the telecommunication industry of Japan is also reflected in the Australian telecommunication industry because of the active participation of Nippon Telegraph and Telephone in the Australian market. The agreement has the ability to boost the growth as well as economic development of both countries. Because of the free trade agreement between the two countries the parent organization has been able to launch many new services in the Australian market like  information and communication technology solutions, consultancy services, security as well as cloud services, etc. which has helped to optimize as well as develop the information and communication technology of the country and has also offered a wide range of options of services to the citizens of the country (NTT Communications ICT Solutions, 2018). Free trade agreements have the ability to improve the flow of services at an international level. Telecommunication services are able to bring faster growth within an economy and hence major emphasis is given towards the development of telecommunication as well as its infrastructural development within any country. The communication services, data services as well as IP services of the country have been improved to a great extent because of the operations of NTT within the Australian boundary. The strategic objectives of the policies of the company aim to improve the telecommunication services of the country by providing world class services at affordable rates to the citizens of Australia. Other services provided by the company have the ability to serve the purpose of real world with the help of a dedicated team that aims to boost the telecommunication sector of the country. Because of the free trade agreements between Australia and Japan the telecommunication industry of Australia has become more liberal and as a result innovations are invited within the telecommunication sector of the country.

 


Global openness has offered the country to adopt the best technological advancements taking place across the globe and adopt them within the Australian market which will take the country a step ahead at a global level (Case Western Reserve University, 1990). Hence, it can be said that the agreements as well as the openness with the global market helps the country to grow and develop at a rapid pace and according to the global standards. The World Trade Organization plays a major role in this and hence has come up with many rounds and agreements that have the ability to help many countries develop rapidly with the global pace. Telecommunication is a major sector of every economy and in order to grow and develop it, it is very important to boost the telecommunication sector of the country. Australia along with many other countries has allowed 100 per cent foreign direct investment in the field of telecommunication. This is so because no country is self sufficient and in order to grow it is important to liberalize the economy and allow the economy to adopt the innovations taking place globally. Hence, it can be said that the concept of free trade agreement has benefited the Australian market through many aspects.

 

References

AusInfo. (1999). International Benchmarking of Australian Telecommunications Services. Melbourne: Productivity Commission.

Australian Government. (2018). Australian business and environment laws. Retrieved from www.austrade.gov.au: https://www.austrade.gov.au/International/Invest/Guide-to-investing/Running-a-business/Understanding-Australian-business-regulation/Australian-business-and-environment-laws

Australian Government. (2018). Ease of doing business in Australia remains strong. Retrieved from www.austrade.gov.au: https://www.austrade.gov.au/News/Economic-analysis/ease-of-doing-business-in-australia-remains-strong

Australian Government. (2018). Fact sheet: Trade in services and investment . Retrieved from dfat.gov.au: https://dfat.gov.au/trade/agreements/in-force/jaepa/fact-sheets/Pages/fact-sheet-trade-in-services-and-investment.aspx

Australian Government. (2018). Understanding Australian business regulation . Retrieved from www.austrade.gov.au: https://www.austrade.gov.au/International/Invest/Guide-to-investing/Running-a-business/Understanding-Australian-business-regulation

Capling, A. (2008). Australia's trade policy dilemmas. Australian Journal of International Affairs , 229-244.

Case Western Reserve University. (1990). The Impact of the Free Trade Agreement on the Flow of Services between Canada and the United States. Canada-United States Law Journal.

Dlapiper. (2016, oct 5). Key telecommunications laws, regulations and policies. Retrieved from www.dlapiperintelligence.com: https://www.dlapiperintelligence.com/telecoms/index.html?t=laws&c=AU

Kinley, D., & Joseph, S. (2002). Multinational corporations and human rights: questions about their relationship. Alternative Law Journal.

Linkedin . (2018). NTT Australia Pty Ltd. Retrieved from in.linkedin.com: https://in.linkedin.com/company/ntt-australia-pty-ltd

NTT. (2017). Moving Forward Together As Your Value Partner. NTT.

NTT Communications ICT Solutions. (2018). NTT communications launches a new entity in Australia . Retrieved from www.nttict.com: https://www.nttict.com/company/news/ntt-communications-launches-a-new-entity-in-australia-2/

OECD. (2010). MARKET OPENNESS IN AUSTRALIA . OECD.

PASH, C. (2014, july 9). Here's The Sweeping Impact Of The Japan-Australia Free Trade Agreement On Economic Sectors. Retrieved from www.businessinsider.com.au: https://www.businessinsider.com.au/impact-of-japan-australia-free-trade-agreement-2014-7

PricewaterhouseCoopers. (2014). Doing business in Australia An introductory guide. PwC.

World Bank. (2018). Doing Business- Australia. Retrieved from www.doingbusiness.org: https://www.doingbusiness.org/data/exploreeconomies/australia

Zhang, Y. (2010). The Impact of Free TradeAgreements on Business Activity: A Survey of Firms in the People's Republic of China. Asian Development Bank Institute

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). HI5015: Aspects Of Legal International Business. Retrieved from https://myassignmenthelp.com/free-samples/hi5015-aspects-of-legal-international-business.

"HI5015: Aspects Of Legal International Business." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/hi5015-aspects-of-legal-international-business.

My Assignment Help (2020) HI5015: Aspects Of Legal International Business [Online]. Available from: https://myassignmenthelp.com/free-samples/hi5015-aspects-of-legal-international-business
[Accessed 24 February 2020].

My Assignment Help. 'HI5015: Aspects Of Legal International Business' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/hi5015-aspects-of-legal-international-business> accessed 24 February 2020.

My Assignment Help. HI5015: Aspects Of Legal International Business [Internet]. My Assignment Help. 2020 [cited 24 February 2020]. Available from: https://myassignmenthelp.com/free-samples/hi5015-aspects-of-legal-international-business.


Do you need a mentor who can answer you how to write a proper literature review outline? Are you looking for a good critical analysis essay that will support your paper? MyAssignmenthelp.com is a one-stop solution for all your queries. Send us your college paper format and our paper editor will help to transform your paper into impressive writing.
Further, if you are seeking flawless paper, ask our expertswrite my paper for me

Latest Business Law Samples

MPM541 Project Contract Management And Legal Issues

Download : 0 | Pages : 15
  • Course Code: MPM541
  • University: Moi University
  • Country: Kenya

Answer: The main objective of a contract is to set out the obligations of the parties, the terms of the contract, duration and how the contract will be terminated. Ideally, a contract is an agreement that is made between two or more parties about a particular subject matter for an agreed duration. It is an expression of ‘consensus ad idem’ a meeting of the minds between the parties in the contract. The primary objective of this ess...

Read More arrow

BACC11-Buyback Of Shares-Case Study

Download : 1 | Pages : 4

Answer: Introduction Rio Tinto is an Anglo Australian Multinational Group, which is one of the largest Mining and Metals Corporations in the world. The company was founded in the year 1873. Mr. Jean-Sébastien Jacques is the Chief Executive officer of the company at present. The group is engaged in the business of development of aluminum, energy & Minerals, Iron ore, and Copper & diamonds. The group is a dual listed company, whi...

Read More arrow

HA3021-Breaching Of Duties And Responsibilities

Download : 0 | Pages : 10
  • Course Code: HA3021
  • University: Holmes Institute
  • Country: Australia

Answer: Introduction A corporation is a statutory body, which works with the minds and bodies of some individuals that are known as directors and officers of the company. It was held in the case of king V. A king & co. (1897) 14 TLR 98 that such officer and directors are expected to work in an exceedingly affordable manner that should bring positive results to the corporation. As presently, many of the c...

Read More arrow

LAW60003-The Termination Of The Contract

Download : 0 | Pages : 13

Answer: Introduction It is a well settled principle in law that when a contract has been breached a party’s failure to perform primary obligations in the contract, it becomes voidable. This implies that the innocent party can terminate the contract at his at his own volition. According to the court in L'Estrange v E. Graucob Ltd that once a contract has been signed the parties’ bears a moral and legal imperativ...

Read More arrow

LAWS20059-Advise Clients On How To Structure Business

Download : 0 | Pages : 10

Answer: Part 1 This section of the paper would provide a discussion in relation to the features of two different forms of businesses which the clients are looking to select for carrying out their real estate business. Partnership Partnership Act 1891 (Qld) governs the partnership law in the state of Queensland. There is no requirement of registration for carrying out the partnership. Partnership is kind of a structure for carrying a busines...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,204,383

Orders

4.9/5

Overall Rating

5,061

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

453 Order Completed

98% Response Time

Howard Asuncion

LLM in Criminal Law

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1692 Order Completed

98% Response Time

Alfred Dodd

PhD in Computer and Information Science with specialization in Database

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

416 Order Completed

95% Response Time

Tyler Moore

MBA in Accounting

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

529 Order Completed

95% Response Time

Ivan Blank

PhD in Functional Human Biology

Wellington, New Zealand

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

I haven’t received my grade yet but the essay was great!it was plagiarism free gave the right references I loved it and I would definitely recommend others. And next time I have any trouble writing a paper you guys will be my first choice.

flag

User Id: 375013 - 24 Feb 2020

Australia

student rating student rating student rating student rating student rating

Thank you for all you hard work! Provide good customer service Get the work well done!

flag

User Id: 372381 - 24 Feb 2020

Australia

student rating student rating student rating student rating student rating

I asked to Identify, formulate and solve the problem which was done. I have gotten my grade yet but the answer matches with mine. The problem was identified and formated better than mine though which was the primary reason I asked for help.

flag

User Id: 372963 - 24 Feb 2020

Australia

student rating student rating student rating student rating student rating

Dear Assigment Help Center, I would like to ask you a full refund beacuse the hole coursework when it was submitted it was 60% percentage plagiarsm. Really forward to hear from you

flag

User Id: 275578 - 23 Feb 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?