ࡱ> %` bjbjٕ hD$bqbqbqPqFr$t$tptttuuu$&h9bxuubxbxttޕD|D|D|bxXttD|bxD|D|| tt z[bqx|#\0$!T6yT$ T uGvrD|v\wMuuu{Xuuu$bxbxbxbx 6D, D  CTP Small Business Management Assessment Task Cover Sheet Students Name:Business: Please complete and check all shaded sections before mailing to the College. Make sure this cover sheet is securely attached to your Assessment Task. Please (() the type of submission (Full Submission Partial Submission Resubmission Task 4 Legal Obligations completion of BSBSBM401A Participant Declaration: I declare that the material contained in this Assessment Task is my own work. XStudents Signature: / / College Use: Code: Comments Assessment Result: % Competent % Competence not yet demonstrated Part A - Business StructurePart B - Regulations and LicencesPart C - InsurancesPart D - TaxationPart E - Contracts Assessed By: Signature:Assessed By: Name: / / Part A - Business Structure and Name Registration Reference Module 2 Chapter 1 Also conduct your own research to answer the following questions.  Q1. Identify which structure your business is, or should be, and explain why this structure is most appropriate.   Q2. Explain the legal consequences and obligations of this structure. Q3. a) Attach a copy of your Company Registration and/or Business Name Registrations showing that they are current. OR b) Describe the process to register a business name. Obtain the relevant forms and attach them.          Part B Regulations and Licences Reference Module 2 Chapter 2 Note go to the College website  HYPERLINK "http://www.austcollege.com.au" www.austcollege.com.au Student Resources page if you have trouble finding these documents, and follow the links.  Q4. Checklist For Regulations, Licences And Permits Required For Your Business Refer to Activity 2.2.1 on page 49 and use the checklist to assist you in determining the areas in which you may need to refer to regulations, or obtain licences and / or permits for your business. Create a checklist for your business and attach it Q5. Look up the NSW Office of Fair Trading website and a publication called: Advertising Good business matters: guidelines for business. Summarise the legal requirements:       Q6. Look up the NSW Office of Fair Trading website and a publication called Refunds Good business matters: guidelines for business, and identify the requirements for refunds, warranties and guarantees. Summarise its requirements      Q7. Look up the NSW Anti-Discrimination Board website information about Service Providers. Explain how this impacts your business. Summarise your findings       Part C Insurances Reference Module 2 Chapter 2  Q8. Refer to Activity 2.2.3. on page 61. Prepare a schedule of the insurances your business requires and when you need to renew/update them. List all insurance types that your business has. You may choose to use a table format to communicate this information for each Policy eg Insurance TypeIns CompanyPolicy NumberRenewal DateWhat the Policy Covers: What the Policy Does Not Cover:  Q9. a) Explain how you have identified the insurances you require and the correct coverage.       b) If you identify coverage that you dont have currently, but ideally should have, explain why you dont have this.       Part D - The Tax System Reference Module 3 Chapter 2  Q10. a) Complete the following tax checklist for your business. YesNoN/ACommentsABN(((Pay PAYG on business income(((Required to be registered for GST(((Have GST free sales(((Obtain tax invoices from suppliers(((Have ABN on your tax invoices(((Pay PAYG Withholding (staff payroll)(((Complete a BAS(((Fringe Benefits Return(((Other:((( b) Identify the records you must keep to meet your taxation obligations.       Part E - Contracts Reference Module 2 Chapter 3  Q11. True or False Contracts can be written T / F Contracts can be verbal T / F Contracts can be inferred from conduct T / F Failure to comply with the term of a contract means the other party may seek damages T / F Q12. Create a list of the contracts you have in place, and if they are fixed term or ongoing. 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