Anika works full-time as a teacher and has a farm where she trains five greyhounds for racing. During her spare time she places many bets at greyhound races. Last year she placed 504 bets and won $15,500. She keeps a spreadsheet containing records of the bets and attends many greyhound races.

Advise whether Anika's gambling winnings would be assessable, referring to case law and legislation, and tax rulings where appropriate. .

Identify and appropriately explain the range of tax issues connected with the fact scenarios posed in the questions

Apply Australian case law, legislation, and tax rulings (where appropriate) to the fact scenarios posed in the questions

Communicate in clear written English

Format appropriately