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Shally is a very keen photographer and is considering setting up her own business. It...

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Accounting

Shally is a very keen photographer and is considering setting up her own business. It has been a hobby of hers for many years but she now wants to take it more seriously.

Outline to Shally, the factors that she needs to take into consideration should she wish to ensure that her new business is interpreted as such by the ATO. Use specific examples that relate to her photography business, reference to case law and any legislation.

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