/ Homework Answers / Accounting / assignment consists of two (2) parts. Part A consists of


This assignment consists of two (2) parts. Part A consists of a problemsolving scenario (1,000 words)

Julie is 22 years old and was born in Vancouver, Canada. On2 September 2015, she arrived in Brisbane on a 12-month workingholiday visa. Prior to arriving in Brisbane Julie had always lived with herparents in Canada.Julie had worked in Vancouver prior to leaving for Australia and had beensaving for her travel. She did not own any significant assets in Canada,only personal possessions such as clothes and a few electronic items. Sheleft most of this with her parents while she was in Australia.Julie stayed in a hostel in Brisbane for 2 weeks after arriving, visiting theGold Coast and Sunshine Coast and other tourist attractions. She thentravelled to Bundaberg in Queensland to work as a fruit picker on a farmfor three months. She lived with other backpackers in a hostel.With her savings she then travelled around North Queensland, theNorthern Territory and Western Australia for three months staying inhostels.When her savings started to run out Julie found work in a Perth coffeeshop. Julie shared rented accommodation with friends she had met whilebackpacking. She was in Perth for three months.On 16 June 2016 Julie decided to return to Vancouver and moved backinto her parents’ house. She wanted apply for a working holiday in theUnited Kingdom so started working and saving for her next adventure.After six months she started travelling again.Required:Discuss with reference to legislation, case law and/or rulings whether Juliewould be considered a resident of Australia for tax purposes for theincome year ended 30 June 2016. You do not need to consider thetemporary residency rules.LAW5230 Assignment Semester 3, 2016Page | 2During the year-ended 30 June 2016 Julie had the following transactions:Salary from employment in Canada prior to 31 August 2015equivalent to AUD$5,500.Salary paid by a fruit grower in Bundaberg AUD$6,000.A $250 prize for winning the annual watermelon eating contest inBundaberg.Interest on her Australian bank account of $180.Interest on her Canadian bank account equivalent to AUD$200,from which $20 withholding tax had been deducted by the Canadianbank prior to crediting her account on 1 March 2016.$220 from the sale of excess clothing, sleeping bag and otherpersonal items on ebay prior to Julie leaving Australia.Required:Based on your conclusion on Julie’s residency, and discussing the sourceand derivation of income principles, state which amounts would beincluded in her assessable income for the year. You do not need toconsider the consequences of any Double Tax Agreements.


Please use Australian Guide to Legal Citation (AGLC)

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Accounting 3 Months Ago 132 Views
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