IT Assignment, Starting up a new business in Australia

8/19/2019 IT Assignment, Starting up a new business in Australia.

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Assignment

2015

IT APPLICATION IN BUSINESSES

AYUSH BISHT


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INTRODUCTION

‘"Your company is located in Mumbai, Maharashtra, and manufactures office furniture of various types. You have recently acquired several new customers in Australia, and a study you

commissioned indicates that, with a presence there, you could greatly increase your sales.

Moreover, your study indicates that you could do even better if you actually manufacturedmany of your products locally (in Australia). First, you need to set up an office in Melbourne to

establish a presence, and then you need to begin importing from India. You then can plan to

start producing locally.

You will soon be travelling to the area to make plans to actually set up an office, and you want

to meet with organizations that can help you with your operation. You will need to engage

people or organizations that offer many services necessary for you to open your office,

including lawyers, accountants, import-export experts, telecommunications equipment and

support, and even trainers who can help you to prepare your future employees to work for you.

Start by searching for Government of India Department of Commerce advice on doing business

in Australia. The try the following online databases to locate companies that you would like to

meet with during your coming trip: Australian Business Register (abr.business.gov.au/),

Australian Trade Now (australiatradenow.com/) and the Nationwide Business Directory of

Australia (www.nationwide.com.au). If necessary, you could also try search engines such as

Yahoo! and Google. Then perform the following activities:

List the companies you would contact to interview on your trip to determine whether they can

help you with these and any other functions you think vital to establishing your office.

Rate the databases you used for accuracy of name, completeness, ease of use, and general

helpfulness.

What does this exercise tell you about the design of databases? “

As this project is assigned to me, I have to collect data from various

databases, which would be helpful in starting a business in Australia.

I have to analyze these databases, and conclude my findings andlearning that the various databases that I have come across in the study

of this assignment.


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STEP 1: REGISTERING THE NEW FIRM IN AUSTRALIA

Before you are eligible for a company name registration you need to

request an ABN

This can be done by various methods:

1. Online right now at the Australian Business Register

https://abr.gov.au/

2. By lodging a form – to order the form you'll need its number

ABN registration for companies, partnerships, trusts and other

organizations (NAT 2939)

https://www.ato.gov.au/General/Gen/Order-ATO-products-

online

3. Through your registered tax agent or BAS agent.


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Website/database: http://www.hrblock.com.au/

H&R Block is Australia’s leading tax return specialist since 1971 This is a snapshot of their office locator out of 440 offices across

Australia


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Website/database: http://www.gumtree.com.au/

Gumtree is an online classifieds website

This is a snapshot of their webpage

Tax agents can be located and the prices are less than that of a

premium company like “H&R Block”


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WHAT YOU NEED

You provide the following information when you register for an ABN:

Entity type - for example, sole trader or partnership

contact details

bank account details

details of associates such as the public officer of a company,

directors, partners, members or trustees – if an associate is not

themselves registered with us we will also need to verify their

identity documents as if they were registering themselves.

If you're registering as an individual (sole trader), it will speed

things up if you provide your personal tax file number (TFN).

f you're registering a company or other incorporated body, you

should provide the Australian company number (ACN) or

Australian registered body number (ARBN). These are issued by

the Australian Securities and Investments Commission (ASIC).


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TAX FILE NUMBER (TFN)

Sole traders can use their existing personal TFN when in business, but

partnerships, trusts and companies will need their own.

As well as applying for an Australian Business Number (ABN), sole

traders can apply separately for a TFN by phoning the Australian

Taxation Office (ATO) on 1300 720 092 for a paper application.

Partnerships, trusts and companies can apply for a TFN on the ABN

application form at www.abr.gov.au

For more information, visit the www.ato.gov.au website.

GOODS & SERVICES TAX (GST)

If you have or expect to have GST turnover of $75 000 or more you

must register for GST. You can register for GST on the ABN application

form located at www.abr.gov.au.

For more information, obtain the Tax basics for small business

booklet from www.ato.gov.au or phone the ATO Business tax

enquiries line on 13 28 66.

Read the GST for small business publication available at

www.ato.gov.au.


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REGISTERING YOUR BUSINESS NAME

If you wish to carry on a business under a business name, you must

register your business name with ASIC, unless one of the exemptions in

the Business Names Registration Act applies.

You do not need to register a business name if the entity is:

(a) An individual and the business name is the individual’s name (eg.

John Smith);

(b) A registered company and the business name is the company’s

name (e.g. ABC Pty Ltd); or

(c) A partnership and the business name consists of all of the partners’

names (e.g. John Smith & Tom Wat).

Points to remember:

Check if your proposed business name exists

Check if your proposed business name could conflict with someone

else’s registered trade mark

BUSINESS NAME REGISTRATION IS HANDLED BY

ASIC.

When registering your business name, you’ll need to register with

the ASIC Connect online portal. From there you can submit your

application or save it for later completion.

Register with ASIC Connect by visiting www.asicconnect.asic.gov.au.


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REGISTERING YOUR BUSINESS NAME AS A TRADE

MARK

A registered trade mark gives you the right to use your trade mark as a

means to distinguish your goods and Services from those of another

trader. A registered trade mark can help you legally stop imitators fromusing your brand in the future.

REGISTERING A DOMAIN NAME

Your domain name is your address on the internet and gives you an

online identity or brand. If you wish to use a ‘.com.au’ or ‘.net.au’

domain name, you must be a commercial entity and have either an

Australian Company Number (ACN) or Australian Business Number

(ABN).

.au Domain Administration Ltd. (.auDA)

Phone 1300 732 929

Website www.auda.org.au/domains/au-domains

Patent protection

You should consider applying for a patent if you’ve created a device,

substance, method or process that is new, inventive and useful.

Copyright protection

Copyright automatically protects ideas and information expressed

through writing, music, visual images, moving images and computer

programs. You can also find resources on the Copyright Act 1968 on the

Attorney-General’s Department website.

Attorney-General’s Department

Phone (02) 6141 6666

Website www.ag.gov.au


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STEP 2: LEGAL REQUIREMENTS (GETTING TO KNOW)

There are a number of legal requirements businesses must comply

with, which include Australian, state, territory and local government

laws, licenses, registrations and leases.

Search the Legal Issues Guide for Small Business. For information on

general legal issues relevant to small business, visit

http://sblegal.innovation.gov.au.

Search the Attorney-General’s Department Access to Justice Website

at www.accesstojustice.gov.au to locate someone in your area who

can provide you with information, help you understand your options,

and decide what to do.

Contact your nearest Business Enterprise Centre (BEC). For contact

details, see our Advice & support topic on page 2.

Australian, state, territory and local governments are responsible for

different business licenses, permits, registrations and certificates. To

find those that apply to you, use the Australian Business License &

Information Service (ABLIS) at www.business.gov.au/licences.

Contact your state or territory business agency. For contact details,refer to the Business agencies list in our Checklist companion.

Find the contact details for your local council or planning authority at

www.business.gov.au/directory.

Contact a business advisor for advice. Find your nearest advisor

using our Advisor Finder tool at www.business.gov.au/advice.

Consult your accountant or solicitor.

Consult your industry association or employer group. Find contact

details at www.business.gov.au/directory


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Website/database: https://www.jobseeker.com.au

Jobseeker is an efficient website, providing me details of firms

that provide export-import solutions.

This is a snapshot of the jobseeker website.

A simple user interface may be favorable to some.


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Website/database: http://www.seek.com.au/

Seek.com is another database that helps people search for the

required professionals This is a snapshot of the seek website.

It also has filters such as Classification, salary or location. These

are very helpful


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Website/database: http://www.hg.org/

Hg.org is a very useful website if I am looking for lawyers that can

help in the legal process of import-export.

This is a snapshot of the hg.org website.

It also has filters such as Customs law, international law, and trade

law. It has handled the query of “Import-export law firms and lawyers

in Australia”


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After selecting Melbourne as the desired location for need of a law

professional, it has highlighted many contact details of

lawyers/practitioners of import-export.

Such a lawyer/ law firm will also be helpful in providing the standards

and codes of practice in the furniture industry.


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STEP 3: PROSPECTIVE LOCATION/PROPERTY FOR OFFICE

Website/database: http://www.realestate.com.au

Simplistic design

Easy to use

Customizable search tools (beds, bathrooms, car spaces, etc.) 3rd party links to holiday rentals & home loans

The properties should be reviewed by local people

No 3d view of the apartments/buildings (as being adopted on real

estate sites)


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Website/database: http://www.realestateview.com.au

Easy to use

Customizable search tools (beds, bathrooms, car spaces, price

range, property types) “Find an agent” to contact an agent near you for advice

Perspective buyers can sign up for email alerts!

Less intuitive design

No 3d view of the apartments/buildings (as being adopted on real

estate sites)


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STEP 4: EMPLOYING PEOPLE

You’ll need to consider the type of employee and skills you need, which

will affect employment conditions, level of pay and other costs.

Website/database: http://www.jobsearch.gov.au/

It is a very useful website if I am looking for employees.

Employees can be selected from various industries as here I have

selected manufacturing.

This is a snapshot of the jobsearch.gov website, and can match

you with jobseekers to meet your recruitment needs.


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Website/database: www.employment.gov.au/job-services-australia-jsa

A bit more complex website than the one stated above, I found it

to be a less user friendly database for employing people.

This is a snapshot of the employment.gov website, and can match

you with jobseekers to meet your recruitment needs.


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STEP 5: INSURING THE BUSINESS

Insurance is an essential part of running any business. If you’re

operating a small business, you may want more than just property

insurance. Taking out the right insurance will help protect your

business, minimize its exposure to risk and ensure you’re able tocompensate others if you’re at fault.


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Website/database: www.employment.gov.au/job-services-australia-jsa

Very user friendly interface, as can be seen on the right hand

side, there is a “Find a broker” column.

Looks simple yet appealing.


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Website/database: https://www.steadfast.com.au/

This website also features a “Find a broker” column.

The design is more attractive than the previous website


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WHAT DOES THIS EXERCISE TELL YOU ABOUT THE DESIGN

OF THE DATABASE?

After going through many-many different types of databases, I have

learnt a few things. The databases very different in their own uniqueway. Every database caters to different needs and wants. Suppose if I

was looking for a tax accounting firms offices, the database included a

map with various office locations for convenience. When I was

searching for an office property, the database webpage was mostly

filled with big pictures and was a colorful and innovative webpage;

However, when I was looking at a webpage of jobseekers and

professional freelancers, the webpage had a more subtle tone of colors,there were less pictures and a more compact design.

Every database therefore is different in its own way and it is not fair to

rate them in rankings.

Documents

IT Assignment, Starting up a new business in Australia