11. Which of the following offers the most restrictive wording for the payment of a TPD insurance policy from the perspective of the insured? A Extent of injury does not allow the professional to continue in her own profession B. Extent of injury does not allow the professional to engage in any profession C. Extent of injury does not allow a professional to engage in her own, or a similar profession D. Extent of injury restricts the professional from engaging in her own profession but at a more junior level 9. Sam bought a yacht for $15,000 in January 2010 but sold it 6 months later for $25,000 since it is a rare model. What are the capital gains implications? A. Sam does not have to pay capital gains because boats like cars are an exempt asset for capital gains. B. Sam will have to pay capital gains but can claim the discount on the gain made. C. Sam's boat was purchased for hobby purposes and therefore is not subject to capital gains. D. Sam will need to pay capital gains on the total gain that he has made from the sale. 2. Australia's ageing population has produced some unique issues which will need to be addressed by current and future governments. These issues include which of the following? A. A redirection of resources is required to support an increased need for income support and aged care and services B. A shrinking tax base from a decreasing workforce will make it hard to redirect government resources towards supporting aged care services C. The need to ensure government policy encourages people to support themselves in retirement through superannuation D. All of the above options are correct 3. Mark currently owes $280,000 on a bank loan for his home valued at $400,000. Mark wants to borrow more money to purchase a new car. If the bank is willing to lend Mark up to 80% of his home, Mark will be able to borrow up to an additional: A $56,000 B. $40,000 C 596,000 D. $120,000