4a) Legal requirements for establishing a business Flashcards
1
Q
What is trade practice legislation ?
A
Trade practices legislation
are laws which govern how a
business interacts with customers
and competitors.
2
Q
What is tax compliance?
A
Tax compliance is the extent to
which an individual or business
meets tax obligations.
3
Q
What is WorkCover insurance?
A
WorkCover insurance is financial
protection provided to businesses
when employees become injured
or ill from the workplace.
4
Q
What are tax returns?
A
Tax returns are documents which
are filled out by an individual or
business to calculate how much of
their income will be taxed.
