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SITXGLC001 - Knowledge Assessment

Question 1
Identify at least five sources of information for compliance with laws and licensing for
business operations.
Answer: Five sources of information for compliance with laws and licensing for business
operations are as follows;
 The Actual Act or Regulations themselves can help in finding all necessary
information for compliance as they constitute of all the factors associated with laws.
 Reference books are other source of finding information because they have a wide
range of details written in them which are directly related with some law or acts.
 Legal and Industry experts can provide enough knowledge as they are practising in
that industry and are quite often using legal terms and are making licenses.
 Industry journals are published with enough information of laws and licensing so this
might be helpful in maintaining the compliance.
 Media as usual provides all updated laws and thus can be used as an information
source.
Reference: Lecture slide 9 of Part 1.

Question 2
What does it mean to be compliant? What are the risks to our business if we breach
compliance?
Answer: Compliance refers to operating or adhering to the rules, regulations and practices
which apply to your business. It is necessary to research and understand the law in order to
ensure that the business is compliant.
Risks associated with breaching compliance are as follows;
 Fines and penalties
 Loss of business and reputation
 Lawsuits or loss of contract
 Incarceration
 Injury to the public or the team
Reference: Lecture slides 4 & 5 of Part 3.

Question 3
Define the following terms:
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1. Act: It can be defined as the legislations passed by the Parliament which covers wide
principles of the law.
2. Regulations: Regulations can be understood as the codes or the guidelines that detail how
a particular act is applied.
3. Ordinance: Ordinances are those regulations which are only applied to local areas.
4. Code of practice: Code of practice and standards can be defined as the practice
suggestions to follow the law. These can’t be considered actually as law.
Which of these might be referred to as "statutes" (or statutory)? Which of these does
"regulatory" refer to?
‘Act’ can be referred to as "statutes" (or statutory) and ‘regulations’ can be referred as
"regulatory".
Reference: Lecture slide 6 & 7 of Part 1.

Question 4
Choose THREE regulatory bodies such as the ACCC and explain what services they provide.
Answer: The three regulatory bodies are as follows;
 ACCC: ACCC stands for ‘The Australian Competition and Consumer Commission.’
It is an independent authority which is responsible for enforcing the Competition and
Consumer Act 2010 and some extra important legislations, fair trading, promoting
competition and development of national infrastructures for the welfare of
Australians.
 ATO: ATO stands for ‘Australian Taxation Office’ and is responsible for revenue
collection. It is considered as the government’s principal revenue collection agency.
The ATO helps to administer the tax, excise and the major aspects of Australia’s
superannuation system.
 SafeWork: SafeWork administers Australia’s key health, safety and workplace
relations related legislation. It does this by giving data exhortation and backing as
well as consistence and implementation exercises to guarantee protected, fair, useful
working lives and elevated requirements of public security for all Australians.
SafeWork works closely with workers, employers, unions, business representatives,
industry sectors and other government agencies to ensure positive health and safety
outcomes.
Reference: Lecture slide 10 of Part 1.

Question 5
Explain why it is necessary to receive updated information on laws and licensing
requirements.
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Answer: Laws and licensing requirements are the legal factors depending on which an
organisation can run itself fluently. Laws are subject to change which keep being modified at
some interval of time and when someone is unfamiliar with laws and licensing requirements,
he may fail in going legally with it which can result in compliance breaches. Failure to
compliance may cause some serious issues with the organisation or person such as penalties,
loss of business, loss of contract, etc. Thus, it is quite necessary to receive updated
information regarding the laws and licensing requirements associated with the organisation.

Question 6
Outline licensing laws that might apply to operators in the travel, tourism and hospitality
industries. (200–250 words)
Answer: Following are the laws that might apply to operators in the travel, tourism and
hospitality industries;
 Mayor's Permit / Municipal License.
 Business Name Certificate for Single Proprietorship.
 Articles of Incorporation / Partnership & By-Laws for Corporation/Partnership.
 Contract of Lease of office space / certificate of title.
 Commercial Use of Jetties Permit that is permit costs vary depending on your tour
operation and it will take the council 4 weeks to process your application. All
commercial vessels must be approved to use jetties and pay mooring fees.
 Permit to Operate a Sea Installation is needed to operate a pontoon, fish aggregating
device or artificial island that is either attached to the sea floor or floating and used for
an environmental related activity.
 Driver Authorisation is required to drive public passenger services of a particular kind
in Queensland.
 Operator Accreditation is required to operate public passenger services of a particular
kind in Queensland.
 Commercial Special Facility Licence is needed for any premises or facilities where
you provide liquor to the public.
 Liquor Licence
 Permit to Conduct Commercial Activities in Commonwealth Parks and Reserves –
permit to conduct commercial activities in all reserves, including marine reserves.
Permit stays in effect for up to 12 months and cannot be transferred.
 Commercial Activity Permit is needed to operate commercial activities including
guided tours, events and filming and photography.
 Snorkelling and Diving Code of Practice
To offer activities such as snorkelling and diving as part of your tourism business, you
will need to comply with the diving and snorkelling code of practice.

Question 7
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Describe the three classes of insurance organisations might take out. What can happen to
organisations who fail to take out compulsory insurances? (150–200 words)
Answer: The three classes of insurance organisations might take out are as follows;
 Compulsory insurance: This includes some forms of insurance that are made
compulsory from law. Worker’s compensation insurance is compulsory if employees
are there in the business. Third party personal injury insurance is compulsory if the
business own a motor vehicle and public liability insurance is compulsory as it covers
you for third party death or injury.

 Personal or loss of income insurance: There are several types of personal insurance.
 Income protection or disability insurance covers part of your typical pay in the
event that you can't manage affliction or mishap.
 Life insurance provides a lump sum or series of payments if you die, or in
some cases, if you’re permanently injured.

 Stock, products and asset insurance: If you have important business assets, property,
stock or products you can’t afford to lose, consider some of the following insurance
options:
 Building and items protects against occasions like fire, seismic problems,
lightning, storms, floods, sway, vindictive harm and blast.
 Electronic equipment covers your electronic items from robbery, destruction
or damage.
Reference: Lecture slide 16 of Part 1.

Question 8
Imagine you are opening a new cafe in the City of Perth (post code 6000). Your business
structure is a company and you will be renting your premises, paying yourself and your
employees, and you will have an annual turnover of over $75,000.
Using the ABLIS website, please list AND describe: at least three of the licenses/permits that
you will need to obtain, and at least two codes of practice that you can access to help ensure
compliance.
Answer: For the given business in City of Perth whose post code is 6000, following are the
three licenses or permits which are required and next are the two codes of practice;
License/permits;
 Goods and Services Tax (GST) Registration: It is necessary to register the business
for Goods and Services Tax (GST) as it has an annual GST turnover of $75 000 or
more.
 Licensed Liquor Premises Health Approval - S.39 Certificate - City of Perth: This
permit is required from the council prior to applying for a state liquor licence. It is
granted if the premises complies with the health, food and building legislative
requirements.
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 National Business Name Registration: The business must be registered on a proper

Codes of practice;
 Australian Privacy Principles: You must comply with the Australian Privacy
Principles (APPs) if you intend to collect and use the personal information of
individuals in a business capacity. 
 First Aid Facilities and Services: If you are an employer, main contractor, or self-
employed, you will need to provide a safe workplace for all workers, including
yourself. This code provides practical guidance for businesses to meet first aid
obligations.

Reference: ABLIS Website.