W1: what is common law

B:Why was equity law developed?

C:explain precedent law in common law

W2: What is unlimited liability?

B: what could be the potential problems with a partnership agreement? Is this the same as a joint venture

W3: is there a reason why we should agree to increase business regulation?

B: Define a new business idea then answer-

-do you need a licence

-are there any prerequisites

-who is the regulating body and the Governing body for your business?

W4:

A - who is the authority for WHS in your state?

B - what is the name of the main act for your state?

C - what is the difference between hazard and risk?

W5: what legislation established the income tax system?

B: which authority is responsible for administering the tax law

W6: what is a tax audit?

B: what is a self assessment?

W7: which federal statute protects consumers against unfair business practices? Explain.

B: why are anti-competitive practices prohibited?

C: what is the difference between a claims tribunal and court?

W8: what is the difference between a formal and simple contract

W9: Research and explain the 'Romalpa clause'

.

W10: explain the difference between real property and personal property?

B: what is a power of attorney?

W11 Give two examples of internal and external risk factors you could encounter in your business.

W12: what insurance should you get to cover your business/organisation?