A really big accountancy firm are thinking about a significant direct investment into Australia in 2021 but they are unsure about what legal form to use. You are a tax consultant and they have asked you to explain, in a memo, the relative strengths and weakness of the tax regime for partnerships and companies. They know the non-tax law implications of adopting one of other form but they have come to you specifically to understand the relative merits of the tax system in relation to each option.

No need reference or citation. Only need law ref.