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6. Darren works full-time at a post office while collecting stamps as a hobby. He has been purchasing stamps, weekly from a specialist catalogue for

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6. Darren works full-time at a post office while collecting stamps as a hobby. He has been purchasing stamps, weekly from a specialist catalogue for the last 3 years. He also regularly purchases 'mystery bags' of stamps from weekend fairs that he attends on sporadic family outings. From these 'mystery bags' he acquires a number of 'doubles.' He regularly sells these doubles to his friend, Laura, who also collects stamps. Darren sometimes takes requests from Laura, for specific stamps, should he find them at these fairs. He keeps his stamps in pristine quality, catalogues those that he has, and spends time preserving them in chronologically-ordered folders. He recognises in a number of years' time they will significantly appreciate. However, he wishes to pass them onto his son, Basil, as their fondest memories together are sitting in the lounge room, at the fireplace, while they go through the folders of stamps together. Is Darren carrying on a business? B Group of answer choices Yes, he is carrying on a business as a number of factors in Ferguson's case are present, such as the repetition and regulatory of activities. No, he is not carrying on a business. It is a hobby. C Yes, he is carrying on a business, due to the orders he takes from others for the stamps they are seeking. Yes, he is carrying on a business, he knows that the stamps will be of high value in a number of years' time- and holds onto them in pristine condition for this reason

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