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Homework a) Myer Emporium Case - 2 strands? b) Synopsis of the case - Whitford's Beach v FCT and Westfield Ltd v FCT i)Why did

Homework

a) Myer Emporium Case - 2 strands?

b) Synopsis of the case - Whitford's Beach v FCT and Westfield Ltd v FCT

i)Why did the court decide it an ordinary income?

ii)What were the 2 strands applied by the courts?

c) How did the above case was compared and contrasted in Whitfords Beach case and Westfeild Ltd v FCT?

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