Monday, August 2, 2010

Exercise 1

Part A


Requirements needed to set up an Architecture Photography Business in the ACT:

ABN Registration

No cost, obtained from the Australian Taxation Office and is on going. 

Business Name Registration
$146 for 3 years, you need to apply every 3-5 years. Renewal $123 for 3 years and can be obtained from Fyshwick ORS.

Goods and Services Tax

No fee and is ongoing. Obtained from the Australian Taxation Office. Only applies to businesses with revenue over $75 000.

Permit to Conduct Commercial Activities in National Parks

Permit is issued for the duration of intended activities. The fees vary and can be obtained from Environment Enquiries.

Rates, Taxes and Duties

For cost a Contact Officer needs to be contacted, as well as to obtain an application. This can be issued at the ACT Revenue Office.

Registration of a Trade Mark

Every 10 years $250 per class

Tax File Number

No Cost, is ongoing and can be obtained from the Australian Taxation Office

Business Insurance



Sum insured $10 000, the premium would be $335.50 for 2 years


Part B

The total number of the photography businesses in the ACT

There are 230 professional photographers in the ACT, according to sensis.com.au/yellow pages/ in 2010

Total number of Architecture photography businesses in the ACT

There are 5 Architecture Photographers in the ACT, in 2010, according to sensis.com.au/yellowpages

The size of the Australian Photography Business (in dollars)

$817.7 m


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