Question 10 You purchase a Plastics Manufacturing business that consists of 2 Directors and 60 Employees. The business owns the building together with plant, machinery and other contents. The values of assets are as follows: Building $1,500,000 / Plant & Machinery $640,000 / Contents $325,000 Gross Profit $1,500,000 The building has brick walls, iron roof, deadlocks, alarm, fire extinguishers, water sprinklers and the office at the front of the building has 3 x plate glass windows. The business exports the products it manufactures to the United States of America and the business also transport goods around Australia using its own trucks and rivers. The business has 6 vehicles driven by the directors and various employees. One of the drivers is under 25. The business does not do any design work with all manufacturing done to their customers specifications. Advise which of the following insurances the business would require and a short reason as to why you selected that insurance type or not. HInt not all of them are applicable to the scenario provided. Industrial Special Risks Business Package (Can include Fire & Perils / Business Interruption / Glass / Theft / Money / Liability / Machinery Breakdown / Electronic Equipment / General Property) Public & Products Liability Professional Indemnity Management Liability Commercial Motor Vehicle (Can include Windscreen / No Claim Bonus Protection / Hire Car After Accident) Marine Cargo NOTE: It is important to think about all the risks associated with the business and suggest the appropriate Insurance that the business should consider and likely use. The reason for each choice should be provided. B) If you were to file the patent and at least one design, can you file the design before the patent? Yes or No answer required. B) List some of the IP related and commercial reasons for your choice. There should be at least 4 reasons listed. C) What are the relative merits of an asset sale versus a share sale to a shareholder of the business? Name one circumstance here one of them will be more appropriate than the other? D) The Federal Government has a history of offering grants and entitlement programs for eligible businesses, one of which is the R&D Tax Incentive. What is the objective of the R&D Tax Incentive program and why does the government offer this program? Pandamonium Pty Ltd is an Australian company, bound by the Privacy Act. It runs a business selling panda stuffed toys online, to Australian customers. As part of this process, it collects email addresses of its customers, in order to notify them of the status of their orders. It does not specifically seek consent to use these email addresses for marketing purposes. E) Is it permissible under the APPs to offer for sale a new line of panda t-shirts and send an email to its customers, advertising these new products.? Question 14 Would your answer change if the product being advertised with an email to its customers was motor oil even if it is offered at a huge discount to email recipients?