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Jessica also has two investment properties - one in Adelaide and another in New York. She earns monthly rental of $800 from the property in
Jessica also has two investment properties - one in Adelaide and another in New York. She earns monthly rental of $800 from the property in Adelaide, and monthly rental of $1,000 (AUD) from the property in New York. She wants to understand the Australian tax implications of both of these properties. Give the answer in the following format: Issue, relevant law and case laws, application of laws and conclusion.
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