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BSBFIN401
Subject
Accounting
Date
Nov 24, 2024
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docx
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a.
Identify one rule from each of the legislation sections below that relates to the
development of your operational plan. Describe the relation of each identified rule to
your operational plan.
Rule refers to a legal requirement that must be followed.
Legislation
Rule
Relation to the Development of
Operational Plans
Fair Trading Act 1989
(Section 39)
i.
To be fair and equitable to
everyone
It is a national regulation that
controls fair trade in Australia and
dictates how all companies there
must interact with their clients,
rivals, and suppliers. The Act
ensures that consumers are
treated
properly
while
simultaneously promoting fair
competition amongst businesses.
Work Health and
Safety
Act
2011
(Section 47)
ii.
Employee protections
Act to ensure worker health,
safety, and welfare; repeal the
Occupational Health and Safety
Act of 2000; and for other
purposes. Work Health and Safety
Act of 2011 is the name of this
law. This Act becomes effective on
January 1, 2012, or on any later
date that may be set by
proclamation prior to that date.
b.
Identify one right from each of the legislation sections below that relates to the
development of your operational plan. Describe the relation of each identified right to
your operational plan.
Right refers to protections or entitlements given by legal documents.
Legislation
Right
Relation to the Development of
Operational Plans
Fair Trading Act 1989
(Section 39)
i.
The main goal of this Act is
to
increase
consumer
wellbeing by empowering
and protecting consumers,
supporting
effective
competition, and enabling
consumers to participate
with confidence in markets
where both buyers and
sellers engage in ethical
commerce.
It is a national regulation that
controls fair trade in Australia and
dictates how all companies there
must interact with their clients,
rivals, and suppliers. The Act
ensures that consumers are
treated
properly
while
simultaneously promoting fair
competition amongst businesses.
Work Health and
Safety
Act
2011
(Section 47)
ii.
The Work Health and Safety
Act of 2011 offers a
framework to safeguard the
welfare, health, and safety of
all employees while they are
at work. Additionally, it
safeguards the health and
safety of everyone else who
might be impacted by the
work.
The
WHS
Act
safeguards
all
workers,
including: employees.
Work Health and Safety Act of
2011 is the name of this law. This
Act goes into effect on January 1,
2012, or on any later date that
may be set by proclamation prior
to that date.
c.
Identify one obligation from each of the legislation sections below that relates to the
implementation of your operational plan. Describe the relation of each identified
obligation to your operational plan.
Obligation refers to legal duties to pay or do something.
Legislation
Obligation
Relation to the Development of
Operational Plans
Fair Trading Act 1989
(Section 39)
i.
To be equal and equitable to
everyone
It is a national law that controls
how all firms in Australia must
deal with their customers,
competitors, and suppliers and
regulates fair dealing in Australia.
The
Act
encourages
fair
competition among competitors
while also guaranteeing that
customers are treated properly.
Work Health and
Safety
Act
2011
(Section 70)
ii.
Employee protections
Act to ensure worker health,
safety, and welfare; repeal the
Occupational Health and Safety
Act of 2000; and for other
purposes. Work Health and Safety
Act of 2011 is the name of this
law. This Act goes into effect on
January 1, 2012, or on any later
date that may be set by
proclamation prior to that date..
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