BSBESB305: Describe the following regulatory, taxation, and insurance compliance information and specialist advice: Address Compliance Requirements for New Business Ventures Assignment, ACBI, Australia
| University | Australian College of Business Intelligence (ACBI) |
| Subject | BSBESB305: Address Compliance Requirements for New Business Ventures |
- Describe the following regulatory, taxation, and insurance compliance information and specialist advice and services in relation to the following operation of new business ventures:
• Industry codes of practice.
• Mandatory and Voluntary standards as per the ACCC.
• Business registration and licensing including ABN, tax file number, and PAYG requirements.
• Work health and safety (WHS) requirements and responsibilities.
• Insurance requirements for new businesses? - List 6 elements that a specialist in business compliance may offer advice for.
- Discuss the different ways you could seek, select, and access specialist advice and services for a new business.
- Explain how you would arrange insurance coverage for a new business.
- Describe the following key components of compliance procedures:
• Applying the industrial relations principles.
• Applying the taxation principles.
• Updating and maintaining legal documents.
• Investigating areas of non-compliance including the steps to identify non-compliance.
• Monitoring the provision of products and/or services.
• Taking corrective action where necessary.
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