business sac 3

Question 1

Federal government obligations

Answer 1

• payment of taxes for employees
  (earning above the minimum taxable
  income level) and for businesses
  with company tax and GST
• provision of employee
  superannuation
• observance of customs regulations
• abiding by relevant legislation that
  would affect business operations.

Question 2

State government obligations

Answer 2

provision of employee entitlements,
including workers compensation,
work health and safety (WHS)
requirements, award rates of pay
and entitlements
* payment of payroll taxes
* abiding by relevant state legislation
(e.g. health, trade practices,
employment)
* abiding by pollution controls.

Question 3

Local government obligations

Answer 3

Local governments (city, municipal and
shire councils) have control over the
following business activities:
* approving new development and
alteration (to an existing building)
applications
*
* parking regulations (e.g. provision of
parking by new businesses)
* size, location and shape of business
signs.

Question 4

business activity statement (BAS)

Answer 4

records of a business’s claims for input tax credits and accounts for GST payable

Question 5

operating environment