2b) Legal & 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 employment laws and regulations?
Employment laws and regulations are rules that govern the relationship between employers and employees
What are industry regulations?
industry regulations are rules that are specific to business within a certain industry
What are environmental regulations?
environmental legislation are the laws that aim to preserve the environment
What are council regulations?
council regulations are local government rules made to govern businesses operating in a specific geographic area
What are taxation requirements?
Taxation requirements are laws and rules related to tax that apply to all businesses
What is a ABN?
A Australia Business Number (ABN) is a 11 digit number that is used to identify a business
What is GST?
Goods and services tax (GST) is a tax imposed on the sale of most goods and services
What is a TFN?
A tax file number (TFN) is a nine digit number issued by the Australian Taxation Office (ATO) to individuals and businesses for taxation purposes
