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Part A CGT & Small Business CGT Concessions
All dollar amounts are in Australian dollars.
Jeremy is 51 and had a successful sole trader business for 11 years producing music videos and DVDs. He started the business himself in 2008. With rapid changes in technology and the move to digital streaming, he decided to get out of the business and look around for another small business to buy in the next year or two to tide him through to retirement age.
Unfortunately, Jeremy’s mum is very ill so he needs to spend more time with her. He is likely to inherit a substantial cash amount when she dies.
In July 2019, he sold the whole business to Mike for $4m, comprising a music and film studio-building, some tangible depreciating assets, and a large stock of DVDs and master tapes. The land and building were bought in 2012 for $900,000. The values of the individual assets were as follows:
Assets
$
Land and studio building
2,200,000
Depreciating assets
500,000
Trading stock
300,000
Goodwill
1,000,000
At the time of sale, Jeremy owned a number of other assets with market values as follows:
Main residence in Sydney – $2.5m
Holiday home in Byron Bay, NSW – $1.5m
Share portfolio – $300,000
Balance with Australian Super – $800,000
Jeremy’s initial investments in the stock market some years ago weren’t very successful so he has unutilised net capital losses of $100,000 carried forward.
Question 1 [14 marks]
What is Jeremy’s net capital gain for the 2019-20 income year?
Explain your answer by showing all calculations, reasons for exclusions, and supporting legislative references where appropriate. Consider the application of the small business CGT concessions where appropriate. Ignore any Division 43 ITAA97 implications. Part A CGT & Small Business CGT Concessions
All dollar amounts are in Australian dollars.
Jeremy is 51 and had a successful sole trader business for 11 years producing music videos and DVDs. He started the business himself in 2008. With rapid changes in technology and the move to digital streaming, he decided to get out of the business and look around for another small business to buy in the next year or two to tide him through to retirement age.
Unfortunately, Jeremy’s mum is very ill so he needs to spend more time with her. He is likely to inherit a substantial cash amount when she dies.
In July 2019, he sold the whole business to Mike for $4m, comprising a music and film studio-building, some tangible depreciating assets, and a large stock of DVDs and master tapes. The land and building were bought in 2012 for $900,000. The values of the individual assets were as follows:
Assets
$
Land and studio building
2,200,000
Depreciating assets
500,000
Trading stock
300,000
Goodwill
1,000,000
At the time of sale, Jeremy owned a number of other assets with market values as follows:
Main residence in Sydney – $2.5m
Holiday home in Byron Bay, NSW – $1.5m
Share portfolio – $300,000
Balance with Australian Super – $800,000
Jeremy’s initial investments in the stock market some years ago weren’t very successful so he has unutilised net capital losses of $100,000 carried forward.
Question 1 [14 marks]
What is Jeremy’s net capital gain for the 2019-20 income year?
Explain your answer by showing all calculations, reasons for exclusions, and supporting legislative references where appropriate. Consider the application of the small business CGT concessions where appropriate. Ignore any Division 43 ITAA97 implications.
Attachments:
5744428_1_atl003-cta2a–exam-blanck.docx

In your own words, describe two functions of the Early Years Learning Framework in relation to children’s education and care

Q1 What were John Thomson’s personal characteristics that made him suitable to be a global employee? What other characteristics shouldbeconsidered? (5marks)

1. Why, according to Hebb, do people sometimes go out of
their way to seek stimulation?
2. Describe the relationship between arousal theory and
reinforcement theory.
3. Differentiate between short-term and long-term memory. In
your answer include an explanation of consolidation and those things that
interfere with consolidation.
4. Describe the unique characteristics of reinforcement by
direct brain stimulation.

Due
See study plan for due date.
Learning outcomes
The learning outcomes assessed in this assignment are:
Describe culturally safe operating principles and values and their application in a health and wellbeing setting.
Please note: Only the operating principles part of this learning outcome is assessed in Assignment 2.
Describe frameworks, approaches and models used by support workers when working in a health and wellbeing setting.
Please remember to use an alias instead of the real names of the people or organisation that you are writing about.
Attachments:
5755424_1_hwb401-assignment-2.docx

Unit code HLTAAP001 Unit title Recognise healthy body systems Application This unit describes the skills and knowledge required to work with basic information about the human body and to recognise and promote ways to maintain healthy functioning of the body. This unit applies to any worker who needs to use and interpret information that includes references to client anatomy and physiology Licensing, legislation requirements The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian/New Zealand standards and industry codes of practice. Foundation skills The Foundation Skills describe those required skills (language, literacy, numeracy and employment skills) that are essential to performance. Foundation skills essential to performance are explicit in the performance criteria of this unit of competency. Range of Conditions None specific for this unit. Performance evidence The candidate must show evidence of the ability to complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the job role. There must be evidence that the candidate has: • worked effectively with information about the human body and its healthy functioning in at least 3 different situations Knowledge evidence The candidate must be able to demonstrate essential knowledge required to effectively complete tasks outlined in elements and performance criteria of this unit, manage tasks and manage contingencies in the context of the work role. This includes knowledge of: • basic structure and functions of the body systems and associated components, including: – cells, tissues and organs – cardiovascular system – respiratory system – musculo-skeletal system – endocrine system – digestive system – urinary system – reproductive system – integumentary system – lymphatic system – nervous system, including sensory systems – eye and ear
Attachments:
5755521_1_hltaap001-recognise-healthy-body-systems.v3.1.pdf