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Required: How intellectual property rights could be legally protected in the following:
a) A published book containing a compilation of lyrics written by popular singer/songwriter, Amoli.
b) An arrangement of rusty car parts that Boris has placed in his front yard and that he considers to be art.
c) The logo for Australia’s largest bank.
d) Einstein’s theory of relativity.
e) A dress design that is generic.
Explain how and why a consumer would make use of s18 of the Australian Consumer Law (ACL).
Bik and Mart want to start a business together. The business will offer engineering consultancy services. Bik and Mart are both qualified engineers. The intended to employ Bik’s partner, Sally, on full-time basis as an administration assistant. Mart’s partner, Kama, will occasionally do some work to market, the business and will be paid at casual rates. The business will trade as ‘BM Engineers’. Bik and Mart are unable to decide on what sort of business structure would best suit their needs.
Required: Advise Bik and Mart of the advantages and disadvantages of suitable business structure.
Carbord Ltd (C) is a building materials wholesaler. On Monday morning C received a letter containing an order from a regular customer, Home Interiors Ltd (HI), ordering a certain number of gyprock sheets, with measurements, to be delivered to an address in Sydney the following Monday. C immediately posted its confirmation that the order was accepted. This letter would have ordinarily taken 2 days to reach HI’s place of business but, due to a strike affecting Australia Post, the letter was not delivered until Friday afternoon. On Friday morning, having not heard from C, HI, believing C were not able to supply the materials, ordered the same materials from an alternative wholesaler. HI sent a fax on Friday afternoon, before the mail was delivered, to C cancelling the order.

HI is now refusing to accept the gyprock sheets from C, or pay for them. Advise Carbord Ltd.
Watson Co becomes insolvent and placed into voluntary liquidation by its directors. Dissolve liquidators have been appointed as the company liquidators. On the winding up of the Watson Co, Dissolve liquidators have started distributions and Paul as ex-shareholder of Watson Co received $7,200 from the liquidators, which was inclusive of $3,000 unfranked dividend pursuant to the provision of Income Tax Assessment Act 1963, section 47(1). This distribution to Paul was from his $4,000 investment in the shares of Watson Co on 2nd February 2019.

Required: With reference to relevant provisions of ITAA 97 and ITAA 36, critically analyze the tax consequences of the above scenario for Paul. (10 marks, maximum 300 words).
Australian taxation law
Alex is a carpenter who purchased a vacant block of land in Sydney on 1 October 1980. On 1
September 1986, Alex built a house on the land. At the time, the land was valued at $110,000 and
the cost of construction was $100,000. Immediately, after the construction finished, the property
has been rented out. On 1 March 2019, Alex sold the property at auction for $1,400,000.
Required:
With reference to relevant legislation/case law, determine:
a) Alex’s net capital gain or net capital loss for the year ended 30 June 2019 using both Discount
method and Indexation method.
b) How would your answer to a) differ if the owner of the property was a company instead of Alex?
Due to COVID-19 impact, Watson Co becomes insolvent and placed into voluntary liquidation by its directors. Dissolve liquidators have been appointed as the company liquidators. On the winding up of the Watson Co, Dissolve liquidators have started distributions and Paul as ex-shareholder of Watson Co received $7,200 from the liquidators, which was inclusive of $3,000 unfranked dividend pursuant to the provision of Income Tax Assessment Act 1963, section 47(1). This distribution to Paul was from his $4,000 investment in the shares of Watson Co on 2nd February 2019.
Required: With reference to relevant provisions of ITAA 97 and ITAA 36, critically analyze the tax consequences of the above scenario for Paul
A is a carpenter who purchased a vacant block of land in Sydney on 1 October 1980. On 1
September 1986, A built a house on the land. At the time, the land was valued at $110,000 and
the cost of construction was $100,000. Immediately, after the construction finished, the property
has been rented out. On 1 March 2019, A sold the property at auction for $1,400,000.
Required:
With reference to relevant legislation/case law, determine:
a) A’s net capital gain or net capital loss for the year ended 30 June 2019 using both Discount
method and Indexation method.
b) How would your answer to a) differ if the owner of the property was a company instead of A?
Due to COVID‐19 impact, HI Co becomes insolvent and placed into voluntary liquidation by its
directors. Dissolve liquidators have been appointed as the company liquidators. On the winding up
of the HI Co, Dissolve liquidators have started distributions and Paul as ex‐shareholder of HI Co
received $7,200 from the liquidators, which was inclusive of $3,000 unfranked dividend pursuant to
the provision of Income Tax Assessment Act 1963, section 47(1). This distribution to Paul was from
his $4,000 investment in the shares of HI Co on 2nd February 2019.
Required:
With reference to relevant provisions of ITAA 97 and ITAA 36, critically analyze the tax consequences
of the above scenario for Paul. (10 marks, maximum 300 words).
Bowens Pty Ltd is a building materials supplier in Victoria. Bowens Pty Ltd has an annual turnover of
$24 million, and works under the accrual method of accounting. Bowens Pty Ltd purchases concrete
mixer for $660 each from Builder’s Choice Pty Ltd, a company in Geelong with an annual turnover of
around $21 million, and works under the accrual method of accounting. Bowens Pty Ltd plans to sell
the concrete mixers at a 200% mark‐up to its customers. In October last year it purchased 110
concrete mixers but in December they discovered that 12 of the concrete mixers were faulty and
subsequently returned these faulty concrete mixers to the manufacturer, obtaining a full refund.
Assume both apply the accrual method of accounting.
Required:
With reference to relevant laws, discuss the GST consequences of this arrangement for both Bowens
Pty Ltd and Builder’s Choice Pty Ltd. (10 marks, maximum 400 words).
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