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Background and PresentationThe rationale behind this assessment is present a measure of the suitability of the adoptive parents towards taking care of the adopted child as part of the requirements to be fulfilled by the adoption Agencies in Australia (Rotabi, 2016, pp.81-92). The assessment further seeks to examine the satisfaction of the relationship between the partners willing to adopt, which reflects the parenting capabilities of the spo...
Background and FactsWhether Karen can terminate the contract with Gym & Tonic, and if she is liable to pay the $100 fee. Section 18 of the Australian Consumer Law (Schedule 2 Competition and Consumer Act 2010 (Cth)) provides that “An individual must not, in trading activity or commerce, engage in conduct that is deceptive or misleading or has the potential of misleading or deceiving the other party into contracting.” The Trad...
Why is it necessary to maintain a fixed asset register and what does it enable you to do?Asset Register for a Photocopier Machine worth $ 23000, Transport and Council (2015.Pg 7) Asset Name: Photocopier Machine Asset Class: Office Fixed Asset Asset No: OF/PH/1-16/10 Description: Cream-White, Size SP 3510 SF, 28 ppm Physical Location: George Street, Melbourne VIC 3000, Adel Building RM 12 Serial No: 0000...
Residency and Tax Considerations10(1) and 10(2) of Section 6 it has been stated for an individual resident in Australia his/her world wide income both ordinary and statutory income shall be taxable in Australia while for a non-resident only the income earned in Australia shall be taxable. In terms of Section 6(1)(Anon., n.d.)of Australian Income Tax Assessment Act, 1936 the term resident and resident of Australia has...
Responsibilities and Compensation of DagonThe issue in this case is a result from the event that Dagon who is a follower of Cthulhu Mythos was offered a position bythe congregation of the Cthulhu Mythos Pty Ltd which is a company that is responsible for the administration and spreading of the religion in the New South Wales area and offered Dagon the position of High Priest of Innsmouth on the first week of November 2017. A written contract ...
Factors Influencing Acquisition of SoftwareThe art of editing photos to design, shape, and size that suits the users' demands is a common feature of the current technology usage. This process is commonly referred to as Photo-Editing while in some cases it is known as graphic designing, and it affects the current lives to a large extent (Adjibolosoo 2014, p. 126). Almost everybody today uses these skills even without attending classes t...
IssuesIn the given case study, several issues are involved. The primary issues being whether Ismail can claim any action against COOLPOINT. This issue can be solved by discussing the provisions of Consumer Protection law. The English Consumer Law under Part 1, states that every company should follow a mandatory safety standard for its product. It is required that every company should compulsorily include safety information on their produc...
Separate legal entity The recognition that a corporation is a separate legal entity in its own right is the foundation of modern corporate law is a statement which has two aspects, firstly, as how the corporation was considered as a separate legal entity in law and secondly, how the said principle is regarded as the foundation of the modern corporate law. The firstly question requires an analysis of the leading case law of Salomon v A Salomon A...
The Policy of Reserve Price in the Australian Wool Industry Free market refers to a market scenario that operates independently with the help of autonomous demand and supply. Depending on supply and demand situation price and quantity are determined in the market. The equilibrium price works as an invisible hand to adjust and reinstate equilibrium position. Government however often intervenes in the market with the objective of increasing welfar...
The concept of Veil of incorporation in Australian Law In the given situation the issue is whether the daughter of Bob has provided him a better idea to form an organisation under the rules of common Law. The court has stated in the given case Salomon v Salomon & Co [1897] AC 225 that the registered organisation is said to be the artificial legal person that states the identity of the company is not exactly similar as the identity of their ...
Incorporation of a Company and Distinction between officers and the company Whether Bob by doubling his catch with the help of company incorporation has violated any legal provisions? If any person intends to establish a business, then, one of the forms is the formation of a company. Section 124 of the Corporation Act 2001 submits that when a company is incorporated, then, it is an artificial being and is regarded as an artificial person. This ...
Artificial Legal EntityThere are various features which a company gets when it has been registered or incorporated. A company is a form of business structure which is selected for the purpose of carrying out business activities. The attributes which a company gets after being incorporated are as follows: Separate legal entity Through the term spate legal entity a company becomes an artificial legal person. This means that it has its own ...
Gifts and their taxation treatment Answer to question 1: The Australian taxation office defines that an individual might receive amounts that are not subjected to tax. Therefore, the amount from gift are not included as the part of the taxable income. According to Australian taxation office a gift that is a mere gift does not possess the character of income. As evident in the current situation of Susan received a redeemable gift voucher of $300...
Analysis of Operating, Investing, and Financing Cash FlowsThe report intends to state on the various types of finding based on cash flow assessment of “Telstra corporations Ltd.” Some of the main assessment of the study has included a comparative analysis of three important aspects of cash flows specifically stated with operating, investing and financing events. It is also discussed on the various changes over the past three years ...
Cash Flow StatementThe company selected for this task is JB HI-FI. The latest annual report corresponding to the company available in the public domain corresponds to June 30, 2017. The other relevant aspects related to cash flow statement, other comprehensive income and tax flow are discussed below (JB HI-FI, 2017). The cash flow from operations for the company is represented through the screenshot below. A brief description of the ab...
Cash Flow from Operating ActivitiesThe following discussion shows the details about the recorded items by Cromwell Property Group in their 2017 Consolidated Statement of Cash Flows: Cash Flow from Operating Activities: Cromwell Property Group has reported some specific items under the operating activities. They are payment and receipts from the course of business operations, distribution received, interest received, finance cost payment ...
Background of the StudyThis section of the research paper deals with the background of the study so that a clear idea of the research area is received. The discussion of the problems and the purpose of the study will follow the background from which the research objectives and the research hypothesis will be framed. The hotel industry in UAE has shown a significant growth in the past few years. There has been significant growth in the inven...
Taxable Income from Personal ExertionWith the changes in complex business structure, each and every organization needs to use the strategic tax planning process to mitigate the business risks. There are several concepts are discussed such as tax computation, computation of the car fringe benefit, assessment of income and tax computation in different circumstances. There are several tax concepts which have been analyzed with a view to assess t...
Definition of a Director under Section 9The key issue of this case revolves around the possible breach of director duties’ covered under section 180(1) of the Corporations Act, by the directors of the company, and the possible defence available under 180(2) of the Corporations Act. Corporations Act, 2001 is the legislation which has to be followed by all the companies working in Australia, unless otherwise exempted. This legislat...
Definition of Director under Section 9 of the Corporation Act 2001 The issue is that whether the directors have breached their duties. From the very beginning, the provisions of Section 9 of the Corporation Act 2001 deal with the definition of a director. According to the provisions of Section 9 of the Corporation Act 2001, a person may not be appointed as the formal director of a company, if the nature of the duty of the director is such ...
Duties of Directors under Section 180(1) of the Corporation Act Whether the director of Fruut Pty. Ltd (Fruut) have violated section 180 (1) of the Corporation Act 2001. Whether section 180 (2) have any effect in the given situation? The Corporation Act 2001 is the legislation that deals with the working of a company, its officers and employees. The House of Lords has established in (Salomon v A Salomon & Co Ltd, 1896), th...
Payment from Autobiography The key issue is to outline if the payments that Hilary (a famous mountaineer) can be termed as receipts derived from personal exertion or not considering s.6(5) ITAA 1997 along with relevant case law The given facts clearly highlight that the newspaper approaches Hilary and offers $ 10,000 to write her autobiography despite knowing that she has not written anything in the past. Considering the hefty amount, it...
Project Resource PlanningDiscuss About The Construction And Architectural Management. Project resource planning offers a variety of scheduling tools which comprises an easy-to-use worktable for developing as well as modification of plan online. Therefore, it is important to optimize a project’s capacities with a date synchronization, sophisticated simulation, as well as impact analysis aspects which will guarantee on-time and on...
AimDiscuss about the Construction Management Plan for Demolition and Excavation. A construction management plan is a documentation that details the manner in which a project team is expected to implement the construction project as well as the manner in which this team is able to carry out the tasks and responsibilities of managing the construction site. It assists professionals in the construction industry to sufficiently estimate ...
DiscussionDiscuss about the Law for Proprietary Estoppel and Property Rights. Contract is an agreement binding by law. There are certain elements of contract necessary for its valid application. According to the common legal rule, in every contract, there must be certain offers and free acceptance to the offer. When an offer has been accepted, a contract has been incorporated. Further, there are certain other essentials in the ...
