What is financial probity? (approx. 20 words) Answer: Describe three (3) principles of accounting and financial systems (approx. 50 words)
What is GST and how is it implemented? Who is required to register for GST? What piece of legislation primarily governs GST? (approx. 150 words)
What are audits and why are they carried out? (approx. 30 words) What are the current requirements of the Australian Tax Office and GST for the following scenarios? a. GST is the Goods and Services Tax. It is a broad-based tax on the supply of most goods and services and anything else consumed and sold in Australia.
However, there are some goods and services that are supplied GST free. Name five goods or services that are GST free? b. Are sales made on eBay subject to GST? c. What is an ABN and how does it help a business? Length: 200 words
Outline the requirements of Company Tax and Pay As You Go. Length: 150 words
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