Key Legal and Government Regulations (VCE SSCE Business Management): Flashcards
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Legal compliance
Legal compliance
Following all external statutory laws & regulations
ABN (Australian Business Number)
ABN (Australian Business Number)
11-digit number for business transactions
ACN (Australian Company Number)
ACN (Australian Company Number)
9-digit number issued by ASIC to identify companies
Withholding rate without ABN
Withholding rate without ABN
46.5% of payments withheld
GST registration threshold
GST registration threshold
Earnings over $75,000
ACCC role
ACCC role
Enforces consumer protection laws in Australia
Consumer guarantee requirements (3)
Consumer guarantee requirements (3)
Fit for purpose, free of defects, safe to use
By-laws
By-laws
Local government laws within a municipality
WorkCover
WorkCover
Compulsory insurance for work injuries & illness
OH&S stands for
OH&S stands for
Occupational health and safety