1)Tax holiday pty ltd is a company incorporated in Hong Kong. Tax Holiday pty ltds business involves providing guided tours of the financial district of Hong Kong to international business travellers in hong kong. Tax holiday pty ltd has no trading activities or sales in Australia. Plan Ning, as Australian tax resident, owns all the shares in Tax Holiday Pty Ltd. The directors of Tax holiday pty ltd regularly meet in brisbane australia, where the power management is exercised. In relation to the above facts which of the following statements is true?

a) As tax holiday pty ltd is not incorporated in Australia, it is not possible for it to be a resident for Australian tax purposes. b)As tax holiday pty ltd is not conducting business in Australia,it willnot be regarded as a resident pursuant to the management test. c)Tax holiday pty ltd ordinarily resides in Australia and is therefore a resident for Australian taxation purposes. d) As management and control is exercised in Australia, Tax holiday pty ltd is a resident for Australian tax purposes. e)As tax holiday pty ltd's controlling shareholder is an Australian tax resident, Tax holiday pty ltd will be regarded as an Australian tax resident.

2)Dan sackville works for Roller Coaches pty ltd. in august this current tax year he received a gross payment of $4555 from his employer. the payment comprised the following components:

wages ( representing work in june prior tax year)	$2000
wages ( representing work in july this current year)	$2000
clothing allowance	$500

The clothing allowance was designed to cover the cost to Dan of three sets of dark blue trousers and light blue shirts which roller coaches pty ltd enforces as standard driver clothing. Danactually spent $800 on his trousers and shirts. Roller coaster pty ltd witheld from the gross payment of $4500 tax of $900(PAYG) and Dan received an actual cheque for $3600. In relation to the payments what amount would be assessable income for Dan in this current tax year? a)$2000 b)$4000 c)$4500 d)$2500 e)$3900

3) which of the foloowing does not give rise to taxation law? a) The Income Tax Assesment Act 1997 b)The income tax assesment act 1936 c)case law d) Taxation rulings

Elizabeth is a resident for Australian taxation purposes. Her receipts (all stated in Australian dollars) for the current income tax year were:

• $40,000 from a rental property in Brisbane
• $20,000 while employed in the United Kingdom for 125 days. The United Kingdom Inland Revenue Department collected income tax from her, this equated to $6,000
• $10,000 from an unfranked dividend from an Australian incorporated mining company
• $1700 dividend from a Korean company. 15% Withholding tax of $300 had been deducted from the gross amount of the dividend (being $2000) in the Korea before paying the dividend to Elizabeth.

Elizabeth s Australian assessable income for the current income tax year would be:

	$65,700
	$72,000
	$71,700
	$70,000
	$52,000