4 explain the following australian international and

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4. Explain the following Australian, international and local legislation and conventions that are relevant to financial management in the organisation. Where these are not relevant to your organisation, provide a detailed example for each of these applied to a suitable business activity.
2. International Commercial Terms (INCOTERMS)
3. Warsaw Convention
4. Trade Agreements
5. Outline the requirements of the Australian Tax Office, including Goods and Services Tax, Company Tax, Pay As You Go. Your response needs to include details for amounts, calculating these, due dates and provisions relevant to different business models e.g. partnership/sole trader or company. PARTNERSHIP/SOLE TRADER COMPANY /var/filecabinet/temp/converter_assets/d5/b6/d5b63e63a1f2ad5e153013f624e1bbe0ba3b7768.docx
GST 10% of the income, if the annual turnover is more than $75,000 You must be registered for GST to be able to lodge a BAS which can be quarterly or half yearly 10% of the sales, if the GST turnover is $20 million then GST must be reported and BAS must lodge monthly. Income Tax 0-$18,200 Nil $18,201 - $37,000 19c for each $ over $18,200 $37,001 - $90,000 32.5c for each $ over $37,000 $90,001 - $1,80,000 $20,979 plus for 37c for each $ over $90,000 $180,001 and over $54,097 plus 45c for each $ over $1,80,000 N/A Company Tax N/A 30% regardless of the profit PAYG Put some money on the side to pay the income tax at the end of the year or we can do this by paying quarterly PAYG instalments As an employer PAYG withholding is the legal

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