Exercise 1

EX1 – Rhys Bell

Part A

BLIS PACKAGE SUMMARY

You requested information on these requirements during your BLIS enquiry:

Related Requirements

Licences

Australian Business Number Registration (ABN)

Business Name Registration

Goods and Services Tax (GST) Registration

Permit to Conduct Commercial Activities in Commonwealth National Parks and Reserves

Rates, Taxes and Duties

TFN Application/Enquiry - Individual

Codes of Practice

National Privacy Principles

ABN

There is no fee for this registration.

Registration is ongoing

Business Name Registration

Cost

Application: $146 (3 years); $214 (5 years)

Renewal: $123 (3 years); $192 (5 years)

Variation: If lodged within 14 days of the change: $8; If lodged within one month after 14 days: $21 If lodged any date

Thereafter: $43.

Duplicate certificate: $15

Need to apply every 3-5 years

Goods and Services Tax (GST)

You will require this registration for the Goods and Services Tax (GST) if you are an entity that is carrying on an

Enterprise which has an annual turnover of $75 000 or more, or you supply taxi travel as part of carrying out your

Enterprise. There is no fee for this registration and it is ongoing.

Permit to Conduct Commercial Activities in Commonwealth National Parks and Reserves

Rates, Taxes and Duties

Applications must be submitted at least 28 days in advance. For applications relating to Uluru - Kata Tjuta National Park, please allow 56 days for processing if you wish to record Anangu or Anangu cultural material.

The permit will be issued for the duration of the intended activities.

Fees vary according to the location and type of activity.

TFN Application/Enquiry - Individual

There is no fee for a TFN and the application is ongoing. The main purpose for a TFN is to identify different clients dealing with the Australian taxation office.

Insurance Equipment:


27-7-10
http://www.photoinsurance.com.au/quote-continue.php?SumInsured=8000&State=ACT

Public Liability will vary due to which insurance company you will insure with.

Part B

There are 230 different photography businesses within ACT

As a freelance photographer alot of work will be wedding and there are 100 wedding photographers in ACT.

Information Gathered from www.sensis.com 27-7- 2010

Statistic Table

27-7-10

(http://www.ibisworld.com.au/search/default.aspx?st=photography&srtid=1)