2b Legal and government regulations Flashcards
What are Legal and government regulations?
Legal and government regulations are the laws and rules made by the government, as well as decisions made in the courts.
What are the 5 components of Legal and government regulations?
Employment laws and regulations Environmental legislation Industry regulations Council regulations Taxation requirements
What are employment laws and regulations?
Employment laws and regulations are rules that govern the relationship between employers and employees.
What are Environmental legislation?
Environmental legislation are laws that aim to preserve the environment.
E.g - Minimising energy use.
• Reducing water use.
• Reusing, recycling and reducing waste
What are Industry regulations?
Industry regulations are rules that are specific to businesses within a certain industry.
When starting a business, business owners need to research the unique rules and regulations that apply to their business’s industry. Industry regulations may require a business to obtain certain qualifications, registrations, permits or licences. To check what rules are relevant to the business, owners can refer to the Australian Business Licence and Information Service (ABLIS). For example, businesses that are involved with children require employees to gain a Working with Children Check.
What is the ABLIS?
The Australian Business Licence and Information Service (ABLIS) is a free government service that helps business owners determine what licences, permits, registrations and approvals are required to operate in a specific industry.
What are Council regulations?
Council regulations are local government rules made to govern businesses operating in a specific geographic area.
What are some common council regulations?
LOCATION OF BUSINESSES - Business location is largely determined by local zoning laws. For example, there are very few business types that would be allowed to operate in a residential zone.
OPERATING HOURS OF A BUSINESS - Businesses may only be allowed to operate within a certain set of hours. These restrictions are put in place for issues such as levels of noise allowed at different times.
TYPES OF SIGNS - There are various restrictions about the signage a business uses. For example, some businesses may not be allowed to use a big board outside its shopfront as this could be a tripping hazard. RENOVATING BUSINESS PREMISES - Businesses may face restrictions when they are renovating their store. For example, some buildings may be heritage listed, meaning they are limited in the type of renovations they can do.
WASTE DISPOSAL - Local laws govern how a business manages its waste. For example, local laws may state when and where businesses can dispose of waste.
What are taxation requirements?
Taxation requirements are laws and rules related to tax that apply to all businesses.
Examples of taxation requirements?
An Australian business number (ABN) is an 11 digit number that is used to identify a business. Goods and services tax (GST) is a tax imposed on the sale of most goods and services. A tax file number (TFN) is a nine digit number issued by the Australian Taxation Office (ATO) to individuals and businesses for taxation purposes. The Australian Taxation Office (ATO) is a government agency that collects revenue for the Australian government.
