Highlights
Task:
Part A - Case Study - 750 words
Russell is the manager for Fast Campers Pty Ltd. In January 2021 he visited the offices of PWD [a large accounting partnership with several hundred staff and turnover of many millions $ per year] to collect the payroll reconciliation and BAS for Fast Campers. PWD prepares the BAS, STP payroll, and annual tax returns for Fast Campers.
Walking back to his car, which he had parked in the laneway behind the PWD office, he saw some papers in a box near PWD’s rubbish bins. Upon closer inspection, many of Fast Campers’ bank statements and other business documents that PWD used for the accounting work appear to have been put out in the rubbish in the laneway behind their offices. Russell put all the documents in his car and took them back to the Fast Campers office, and placed the box in a secure storeroom. One Saturday in March 2021, Russell was working at the annual Campervan Expo, and during a quiet period he goes over to look SJ Campers display [Fast Campers’ main competitor]. Russell discovers the new SJ ‘Super Camper’ is exactly the same design and colour as Fast Campers’ new ‘Soopa Campa’ model, which has many innovative features. The SJ van is much cheaper than the Fast Campers van. Fast Campers set their price at $195,000 to recoup their years of research and development, while the SJ campervan is priced at just $140,000. During the weekend Expo, SJ Campers sell hundreds of their Super Campers and Fast Campers sells only two Soopa Campas.
Part B - Research Task - 750 words [12.5 marks]
Businesses within Australia operate within a legal framework based on fundamental common-law principles, including proprietary rights [ownership].
Granville Machinery Pty Ltd [‘GMPL’] sells large industrial air compressors and other similar equipment, for use in factories. Each machine sells for $150,000 or more. Machines are delivered and installed in customer premises, often on credit terms with payments due to GMPL at an agreed future date; e.g. 30 days, or 60 days, etc. GMPL includes a term in their sales agreements that title in the machinery does not pass to the customer until GMPL has been paid in full.
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