Carlos is an English born man. Every year, he visits Australia for about 3 months, and catches up with his Australian relatives and friends, and checks on his Australian property investments. During the current income year, Carlos decides to extend his stay in Australia and stays for 7 months. He stays with his brother, and obtains employment as a part-time bartender. While in Australia, he leases his home in England and continues to maintain his shareholding in some English companies.

Required: Consider whether Carlos is an Australian tax resident in these facts and the source of Carloss income from his Australian property investments and shareholdings in English companies. Please support your answer with relevant legislation and case law.