Reference no: EM132630418

Question -

1) Privacy Act

a) What is the body or person who controls and enforces that businesses follow the Privacy Act?

b) In what year did this Act come into effect?

c) Broadly, what does the Privacy Act regulate?

d) Under the Privacy Act what are the 13 Australian Privacy Principles? List these.

2) Corporations Act

a) What is the body or person who controls and enforces that businesses follow the Corporations Act?

b) In what year did this Act come into effect?

3) National Employment Standards and Fairwork Legislation

a) In what year/s did the Fair Work Act and the Fair Work Regulations come into effect?

b) Broadly, in one or two paragraphs, what does the Fairwork Act regulate?

c) What is the body or person who controls and enforces that businesses follow the Fairwork Act and the National Employment Standards (NES)?

d) What are the 10 NES?

4) Australian Accounting Standards Board

a) What is this Board and what does it do?

b) Give 3 examples of AASB standards as listed on the website.

5) Income Tax Assessment Act & Income Tax Rates Act

a) In what year did each of these Acts come into effect? (Different years)

b) What is the body or person who controls and enforces that businesses follow the two Tax Acts?

c) Go to the Income Tax Assessment Act, Volume 2, Chapter 2, Division 40, Operative provisions. Look at the section on depreciation of assets. Give the definition of a depreciating asset and at least two examples of a depreciating asset.