Business Law: Taxes, Licenses, Compliance, and Workplace Safety

This study material covers various aspects of business law, including taxes, licenses, compliance, and workplace safety. It explains the process of registration for tax file number, Australian business number, and business name. It also discusses the taxes associated with businesses, such as company tax, capital gain tax, goods and services tax, payroll tax, and fringe benefit tax. The study material provides information on workplace laws, equal opportunity principles, dispute resolution, and superannuation funds. It also covers the legislation related to off and on-site safety and the approvals and permits required for construction work.

Running head: BUSINESS LAW
Business law
Name of the Student
Name of the University
Author Note

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Table of Contents
Part 1................................................................................................................................................2
1.1.................................................................................................................................................2
1.2.................................................................................................................................................2
1.3.................................................................................................................................................3
1.4.................................................................................................................................................3
1.5.................................................................................................................................................3
1.6.................................................................................................................................................4
1.7.................................................................................................................................................4
1.9.................................................................................................................................................5
Part 2................................................................................................................................................5
2.1.................................................................................................................................................5
2.2.................................................................................................................................................6
2.3.................................................................................................................................................6
2.4.................................................................................................................................................7
2.5.................................................................................................................................................7
Part 3................................................................................................................................................8
3.1.................................................................................................................................................8
3.2.................................................................................................................................................8

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3.3.................................................................................................................................................9
3.4.................................................................................................................................................9
3.5...............................................................................................................................................10
References......................................................................................................................................11

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Part 1
1.1
A tax file number is issued by the Australian taxation office to a organisations so that they can
manage their tax obligation. The process of registration is different for individuals and
companies. A company for the purpose of applying for a TFN has to do it through Australian
business register website at the same time when applying for ABN. Registration for GST can be
done online or through a registered agent. Registration must be done within 21 days when the
GST turnover has reached the threshold. Registration can be done by calling on phone 1328 66.
Registration can also be done through a registered tax or BAS agent.
https://www.ato.gov.au/Forms/TFN---application-for-individuals
1.2
The taxes which are associated with the business are as follows
1. Company tax- any Australian resident company has to pay company tax at the rate which
is preset by the government. Therefore as a business is registered in Australia we have to
pay company tax.
2. Capital gain tax- capital gain tax would have to be paid by the business in case there has
been some profit through the disposal of an asset. This tax is paid as a part of income tax.
3. Goods and services tax- this is a tax which needs to be paid by the company on most
services and goods which are consumed or sold in Australia. Almost all businesses are
required to register for GST with the ATO.
4. Payroll tax- this tax needs to be paid on the wages paid to the Employees.

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5. Fringe benefit tax and land tax- this tax has to be paid in case circumstances arise.
https://www.ato.gov.au/Business/Starting-your-own-business/
1.3
The application for an Australian business number can be made online. For making an
application a person would require and tax file number, tax agent registration number,
professional advisor number, Australian company number, the start date of business activities,
legal name of the company, authorised contacts of persons such as tax agents, details of
Associates, details about the business activity which is to be carried out and the location at which
the business would be operated. Immediately after the application has been completed and online
notification about the ABN would appear.
https://www.business.gov.au/registrations/register-for-an-australian-business-number-abn
1.4
For the purpose of registering a business name which has been selected by me the first and
foremost requirement is that of having an ABN. When the name has been decided it needs to be
analysed in terms of is Availability on the Australian securities and investment Commission
website. It also has to be analysed whether such name has not been registered as a Trademark to
avoid breach of copyright laws. The application for registering business name can be done
through business registration services.
https://asic.gov.au/for-business/registering-a-business-name/steps-to-register-your-business-
name/

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1.5
For the purpose of carrying out construction work a contractor licence would be required. In the
application it is needed to identify a nominated supervisor who has to be a supervisor or
employee of the organisation and have an individual contractor licence. For applying to get this
licence a person would require Australian identity document, company ABN, nominated
supervisor details and contractor licence number. The licence can be applied online.
https://www.accesscanberra.act.gov.au/app/answers/detail/a_id/2997/~/builder-licensing
1.6
A person owning a business can be subjected to liability for injuries or damages caused to any
person or property associated with the business. Workers compensation insurance has to be
purchased separately from general business owners’ insurance policy. It is dependent upon the
state that workers compensation insurance is to be provided by the state or a private insurance
company. It is mandatory for business owners to have such insurance in place. These insurance
can be easily purchased from insurance brokers such as AP Intego.
https://www.business.gov.au/risk-management/insurance
1.7
It is important for business organisations to comply with the lord related to privacy. In case any
confidential document is leaked it may lead to legal consequences. In our business secure Record
Keeping system is ensured by keeping the confidential data into an encrypted cyberspace which
is protected by 6 layers of password security. Easy access is insured by using fingerprint
scanners and retina scanners so that the use of long passwords can be avoided. Latest technology

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is also implemented in order to ensure the security of the confidential data under the Privacy Act
1968
1.8
The Environment Protection and Biodiversity Conservation Act 1999 provides for businesses to
use renewable materials over non renewable materials with respect to their operations. In order
to comply with the provisions of the legislation the company places to use renewable materials
for carrying out its construction operations as far as possible. The organisation will also ensure
that any waste which has been formed at the construction site would be recycled as much as
possible for further use. The organisation would also ensure that it contributes towards the
environment by indulging into social responsibilities such using biodegradable materials where
possible.
1.9
The fair trading legislation in Australia is the Australian Competition and Consumer Act 2010.
The legislation provides that a business should not indulge in to anti competitive activities which
may be detrimental to other businesses and the consumers. The legilsation also provides for the
Australian consumer law to ensure that the consumers are treated fairly. In compliance to the
legislation the organisation pledges to be strictly against action such as price fixing or insider
trading which may be considered as anti competitive activities. In addition the organisation
restricts itself from indulging into any kind of misleading are deceptive conduct while dealing
with the clients. The organisation also does not carry out any form of bait advertisement for
include unfair terms in consumer contracts. The organisation also ensures that it provides
consumer guarantee to the clients as stated by the legislation to ensure that they are treated fairly.

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Part 2
2.1
The relevant Award for labourers include WA award. The Western Australian Industrial
Relations Commission has awarded a payment of $16 every week increase in the minimum
wages for labours which has lifted the wages to $708.90 per week. A person is allowed to work
daily for a period of 8 hours and for a period of 48 hours in the Week. They have to be provided
with a break of 30 minutes every day. They have to be also provided with leaves such as annual
leave, parental leave, casual leave, maternity leave and carer’s leave. They are to be provided a
day off every week. Website: https://www.commerce.wa.gov.au/labour-relations/wa-award-
summaries
2.2
The contract for class one Class 1 Labourer is as follows
The Class 1 Labourer would be provided with a wage $708.90 per week
They would be required to work daily for a period of 8 hours and for a period of 48 hours in the
Week
Trades person being an adult
The trades’ person would be provided with a weekly wage of $726.90 for working at least 38
hours a week
In case of extra hours the pay would be $19.13 per hour
Apprentice (First Year)

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The Apprentice would be provided with a weekly wage of $347.80 for working at least 38 hours
a week for the six months and $455.50 next year.
The agreement would be implemented as per the respective awards
https://www.commerce.wa.gov.au/labour-relations/wa-award-summaries
2.3
Equal opportunity principles provided that when selecting or recruiting an employee they have to
be provided with an equal opportunity irrespective of their gender, race, maternity status, age,
disability or sexual orientation. There has to be no discrimination at all which means they should
not be provided with an inferior treatment because of a particular trait. They would be provided
with proper notice or payments when they would be terminated. There would be no unfair or
wrongful dismissal. In case of redundancy they would be selected on pre established principles.
They would also be made entitled to redundancy payments.
www.fairwork.gov.au/...workplace.../notice-of-termination-and-redundancy-pay
2.4
The process of dispute resolution helps to ensure that disputes are not taken to the court and are
resolved at ADR level to save time and money for both parties involved in the dispute. The
process of dispute resolution generally includes Arbitration, conciliation or mediation. In these
processes the dispute is solved by the help of a third person who is neutral to the dispute. The
process not only saves time but is also very cost effective. The body which is responsible for
alternative dispute resolution in WA is Legal Aid WA.
https://www.legalaid.wa.gov.au/find-legal-answers/about-law/mediation-and-dispute-resolution

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2.5
A person has the option of selecting a superannuation funds from variety of options. The option
which is best suited needs to be selected. For the purpose of my business the option which I have
selected is a corporate fund. I have selected this fund as it is fund which a company arranges for
the employees. This fund is included as a separate part of a large industry or retail super fund
which is suitable for small and medium sized employers like us. Through this fund all profits
will be returned to the members. They also provide a wider range of option in relation to
investment.
Part 3
3.1
The legislation which is responsible for the arrangements on off and on sides is the Work, Health
and Safety Act 2011. The purpose of this legislation is to provide protection to the health and
safety of the employees and all other people who might be affected by the work of an
organisation. All workers of an organisation are protected by the legislation which also include
employees, contractors, subcontractors outworkers, apprentice and trainees, work experience,
students volunteers and employees who performed work. The legislation places the duty of
primary health and safety on the person conducting the business activity. The person has to
ensure that as far as reasonably practicable the health and safety of workers onsite and offsite has
to be insured. The care taken should be reasonable.
3.2
The approvals and permits which are required to undertake construction work in the country
include the following

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1. Building licence
2. Gas fitting licence
3. Plumbing licence
4. Electrical licence
5. development applications zoning approvals
6. obtaining a white card
7. heavy vehicle licence
8. carrying out high risk work licence
9. fire management and safety
10. removal of asbestos
11. disposal of waste
12. Handling and storing Chemicals and dangerous substance licence.
3.3
All these licence have to be in place in order to avoid any breach of law.
Workers compensation act has been enacted for the purpose of providing insurance to the
employees in case they are injured at work. They have the right to claim compensation even in
case they are injured at work or become sick. In case there is any injury or sickness with respect
to an employee they can contact the state government and the owner of the organisation to claim
the compensation. However it is the responsibility to ensure that they follow the instructions laid
down by the employer while working to ensure their own safety. They have to only make a claim
in relation to what is sufficient to compensate their injury and not more.

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3.4
In West Australia construction work is permitted to be carried out between 7am to 7pm on
Monday to Saturday without general restrictions applicable on other sources of noise. No noise is
permitted from construction work on public holidays and Sundays. Construction work has to be
carried out in compliance with section 6 of Australian Standard 2436 – 1981 Guide to Noise
Control on Construction, Maintenance and Demolition Sites. It also provides for the use of
equipment which is quietest such as electric cement mixture over petrol in a way which
minimises noise.
https://www.armadale.wa.gov.au/construction-noise
3.5
Returning to work quickly has positive impact on the organization. When a worker is returning
to work after the injury it is the obligation of the employer to ensure that the employees are not
provided with heavy work load. The employer also has the obligation of making necessary
arrangements in place to ensure that the returning working is not having any problems to get into
the system in a smooth manner.

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References
Competition and Consumer Act 2010
Environment Protection and Biodiversity Conservation Act 1999
Health and Safety at Work Act 2011
Privacy Act 1968