ordinary income Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land

Subject: Accounting

Case study 1: Residence and source Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. Although the length of his stay is not certain, he leases a residence in Melbourne for 12 months. His wife accompanies him on the trip but his teenage sons, having just commenced college, stay in London. Fred rents out the family home. Apart from the absence of his children, Fred’s daily behavior is relatively similar to his behavior before entering Australia. As well as the rent on the UK property, Fred earns interest from investments he has in France. Because of ill health Fred returns to the UK 11 months after arriving in Australia. Requirement Discuss whether Fred is a resident of Australia for taxation purposes. ( 4 Marks, maximum 500 words)

Case study 2: ordinary income Explanations of the respective outcomes reached by the courts in the following cases which all involving sales of land

I. Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159

II. Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188

III. FC of T v Whitfords Beach Pty Ltd (1982) 150 CLR IV. Statham & Anor v FC of T 89 ATC 4070 V. Casimaty v FC of T 97 ATC 5135

VI. Moana Sand Pty Ltd v FC of T 88 ATC 4897 VII. Crow v FC of T 88 ATC 4620

VIII. McCurry & Anor v FC of T 98 ATC 4487 (16 marks, max. 2000 words)

3) Out of Time: The C Above the C Above High C is a play that is set in the 1950s, but was written in the 1990s. Would the play come across differently if it had been written in the 1950s as well? Choose one character or scene in the play that sticks out to you, and explain how you think that character or scene would have been similar or different it had been written in the time in which the play is set. Give specific examples from the play to support your response, and be sure explain those examples.

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