Q1 Explain the function of the Tax Agent Services Act 2009 (TASA) and the Tax Agent Services Regulations 2009 (TASR)?

Q2 What are the three necessary criteria for the anti-avoidance provisions of part IVA ITAA36 to apply?

Q3 Required: Identify which of the following would be classed as trading stock under Section 70-10:

1. Pairs of shoes held by a retailer for resale.
2. Shares held by an investor.
3. Blocks of land held by a property developer.
4. Clothing held by a retail clothes shop, currently under lay by.
5. Petrol held in underground tanks by a service station.
6. Raw materials held in store by a manufacturer.
7. Stationery supplies held for office use by an insurance company.
8. Videos held for hire by a video store.