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Sharing economy
What is the sharing economy?The sharing economy is economic activity through a digital platform (such as a website or an app) where people share assets or services for a fee, such as:providing ride-sourcing (sometimes also known as ride-sharing) services for a farerenting out a room or a whole house or unit on a short-term basissharing assets, including cars, caravans/RVs, car parking spaces, storage space or personal belongingsproviding…
ExplainerNSW CommerceStage 5Sharing economy
Refer to Sharing economy – Explainer. Complete the following activities in pairs.
Find as many examples of providers in the sharing economy for each major sector.
Sector
Examples
Accommodation
Car
Finance (Crowdfunding)
Space
Talent
E-commerce…
WorksheetNSW CommerceStage 5The sharing economy and the changing nature of work
Investigate
Using the sharing economy as a case study, investigate the following:
How has the nature of work changed and what does it mean for employers and workers? Some focus questions to guide your research include:
What is the sharing economy?
How many people in Australia are currently earning money from the sharing economy? How has this changed?
Why do people choose to work in the sharing economy?
What implications does the sharing…
InvestigationNSW CommerceStage 5Dispute resolution and the ATO
In groups, investigate the dispute resolution options offered by the ATO.
Part 1: Watch videos to locate information
Go to the ATO panel discussion on dispute resolution.
Watch: Introduction to dispute resolution. In this video, David Koch and the panel of experts share insights into dealing with tax disputes, the benefits of resolving disputes early and how the process has changed over the years.
Focus on the first 3:30 minutes of the…
InvestigationNSW CommerceStage 5Governments and the external operating environment
Businesses need to make plans for the short- and long-term that will help them successfully achieve their objectives. A key strategy to support planning is to consider the opportunities and threats provided by governments and their policies.
Governments have a significant role in influencing the environment in which businesses operate. This includes the choices governments make in relation to how they collect and spend taxes. Typically, the way…
ExplainerNSW CommerceStage 5Tax and business record keeping
Under tax law, a person who carries on a business must keep records to explain all the business’s transactions and related activities. Generally, these records must be kept for 5 years.
Businesses need to keep a record of all transactions so that they can:
prepare business activity statements (BAS)
prepare an annual tax return
meet other tax obligations
run a successful business.
What types of records does a business need to keep?
To…
ExplainerNSW CommerceStage 5