EBK THE LEGAL ENVIRONMENT OF BUSINESS:
10th Edition
ISBN: 9781337516051
Author: Miller
Publisher: YUZU
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Chapter 25, Problem 3BCP
Summary Introduction
Case summary: National park GC was managed by agency NPS under a management plan. Agency NPS promulgated a fresh management plan. The proposed plan allowed the use of rafts to be continued in river C, but the number was restricted. The plan received criticisms from environmental groups owing to the fact that too many rafts were still being used. The environmental groups sought to overturn the plan on the ground that the same flouted the wilderness status of park GC.
To find: The circumstances under which the federal court can overrule the adjudication of agency NPS.
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Scenario B (Australian Taxation Law): – Taxpayers at retirement age
Inder Muller, aged 58, recently retired from his employment as chief accountant of Moon Light Pty Ltd, after 17 years and 4 months of service. Inder’s wife Belinda, aged 59, is currently running a small newsagency.
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Belinda has started the newsagency business 3 months ago. She would like to get advice on the tax benefits available for her new business.
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She has purchased the following assets for the business.
> Photocopy machine for $5,500 including GST on the 15th of Feb 2022 and was ready to use on the 1st
of March 2022
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Scenario B (Australian Taxation Law): – Taxpayers at retirement age
Inder Muller, aged 58, recently retired from his employment as chief accountant of Moon Light Pty Ltd, after 17 years and 4 months of service. Inder’s wife Belinda, aged 59, is currently running a small newsagency.
Inder and Belinda visited you to seek advice on various retirement planning options specified below. Inder and Belinda both are covered by private health insurance.
3) Regarding Belinda’s Business
Belinda has started the newsagency business 3 months ago. She would like to get advice on the tax benefits available for her new business.
The expected business turnover for the financial year ending 30th of June 2022 is $500,000 including GST.
She has purchased the following assets for the business.
> Photocopy machine for $5,500 including GST on the 15th of Feb 2022 and was ready to use on the 1st
of March 2022
> Motor vehicle purchased on the 1st May 2022 for $68,800 including GST, to be used solely for…
Chapter 25 Solutions
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