Explain key elements of Australian tax law as it relates to each of the following scenarios by determining whether it is an example of either tax planning, tax avoidance or tax evasion. Support your answers by citing relevant tax legislation, where applicable. Janise is an Australian resident and did not report the rental income of HK$144,000 (for tax year 2018/19) earned from an investment property which is located in Hong Kong. Ken and Judy own Advance Technology Ltd. Advance Technology provides an interest free loan of $250K to Ken on 1 October 2018 which is not repaid on 30 June 2019. Michael Brown is the sole director of Brown Pty Ltd. Brown Pty Ltd received consultant fees of $155,000 from ABC Ltd and the total fee earned for the tax year 2018/19 was $170,000. The consulting service was performed by Michael. ABC Ltd provided Michael an office and the required equipment. William and Sandy decide to buy an investment property and set up a discretionary trust to hold the property, in order to allocate higher tax benefits to William.