Your friend Dolly Pardon is seeking your opinion on the three tax issues described below. One of these issues $($Issue $3)$ also requires an assessment of the answers provided by ChatGPT $($OpenAI$,2023).$

In addressing each of the tax issues, you are required to provide supporting references from the Income Tax Act $2007$ to substantiate your explanations.

FACTS:

Ken Matel is a full$-$time employee at Matel Toys Ltd and owns $40\%$ of the company$$s shares. The remaining $60\%$ of the shares are held by his mother, Barbie. Matel Toys Ltd employs a total of $10$ staff, including Ken. Some years ago, Ken$$s father, Curtis settled the Matel Family Trust $($a complying trust$)$ with beneficiaries being Ken$$s children and his mother Barbie.

In the quarter ending $31$ March $2024,$ Matel Toys Ltd:

$1)$

Purchased a car from Ken$$s sister, Grace, for $$10,000,$ while the market value of the car is $$5,000.$

$2)$

Provided the following benefits:

$-$ A $$150$ gift voucher to each employee$$s spouse as a Christmas gift;

$-$ Laptops to two key employees, Stacie and Brad, for work purposes. Stacie$$s laptop $($a top$-$of$-$the$-$range Notebook$)$ cost $$7,199$ and Brad$$s laptop cost $$2,999$;

$-$ A $$10,000$ loan to Matel$$s Family Trust on $1$ October $2023,$ with an interest rate of

$6\%$ p$.$a$.$

Assume the company files quarterly FBT returns and no other benefits were provided in any other quarters apart from those mentioned above.

ISSUE $1$: Are there any FBT or dividend implications regarding

$($a$)$ the provision of laptops to Stacie and Brad?

$($b$)$ the selling of Grace$$s car to Matel Toys Ltd$?$

You are required to give at least $5$ sections from the Income Tax Act $2007$ to support your answer.