//C/Users/stres/Desktop/Course 20 econd 20trimester 16028200Theory, 2020und 20Law/Tutorial.20Questions20Assigem * The tons to be more 1 Question 1 Week 2 [7 mars Pablo is a Portuguese resident employed by a Portuguese company. He is sent to Australia to work on a short term project to assist with the establishment of a branch office of the company in Australia. Pablo works in Australia for one month. Throughout this period, his salary was paid into his Portuguese bank account. During the year, he earned the equivalent of A$120.000 from his employment. Does Pablo have to pay Australian tax on any of his salary? Question 2 - Week 3 [7 marks) Explain the respective outcomes reached by the courts in the following cases involving sales of land: Californian Copper Syndicate Ltd v Harris Question 3-Week 9 7 marks) Surfs Up P/L is a national retailer that sells a range of surfing and water sports equipment (surfboards, clothing etc.) with an annual turnover of $60 million. Surfs Up purchases "Biliapro surfboards for $440 each from Billapong P/L, a large manufacturer of surfboards located at Gold Coast with an annual turnover of around $45 million, this was their only sale for the month. Surfs Up plans to sell the Surfboards at a 200% mark-up to its customers. In October last year it purchased 370 surfboards but a couple of months later (December they discovered that 14 of the surfboards were faulty and subsequently returned these faulty surfboards to the manufacturer, obtaining a full refund. Assume both apply the accrual method of accounting, Requirement: Explain the GST consequences of this arrangement for both companies. RI rch hp 96 $ 4 5 6 7 00 3 Y E CY T //C/Users/stres/Desktop/Course 20 econd 20trimester 16028200Theory, 2020und 20Law/Tutorial.20Questions20Assigem * The tons to be more 1 Question 1 Week 2 [7 mars Pablo is a Portuguese resident employed by a Portuguese company. He is sent to Australia to work on a short term project to assist with the establishment of a branch office of the company in Australia. Pablo works in Australia for one month. Throughout this period, his salary was paid into his Portuguese bank account. During the year, he earned the equivalent of A$120.000 from his employment. Does Pablo have to pay Australian tax on any of his salary? Question 2 - Week 3 [7 marks) Explain the respective outcomes reached by the courts in the following cases involving sales of land: Californian Copper Syndicate Ltd v Harris Question 3-Week 9 7 marks) Surfs Up P/L is a national retailer that sells a range of surfing and water sports equipment (surfboards, clothing etc.) with an annual turnover of $60 million. Surfs Up purchases "Biliapro surfboards for $440 each from Billapong P/L, a large manufacturer of surfboards located at Gold Coast with an annual turnover of around $45 million, this was their only sale for the month. Surfs Up plans to sell the Surfboards at a 200% mark-up to its customers. In October last year it purchased 370 surfboards but a couple of months later (December they discovered that 14 of the surfboards were faulty and subsequently returned these faulty surfboards to the manufacturer, obtaining a full refund. Assume both apply the accrual method of accounting, Requirement: Explain the GST consequences of this arrangement for both companies. RI rch hp 96 $ 4 5 6 7 00 3 Y E CY T
