Legal Aspects of Australian Company Wholesale Corporation

Question: Write about theLegal Aspects of Australian Companyfor Wholesale Corporation. Answer: Details about Costco Wholesale Corporation Description about a multinational company Costco Wholesale Corporation is given. The company operates the international chain. The company was found in 1983 in Seattle, Washington. From Delaware to Washington, the company was re-incorporated on 30 August 1999. The industry of Costco operates with confectionaries, organic foods, groceries, automatic supplies, appliances, hardware, toys, tyres, sporting goods, cameras, watches, jewelleries, health and beauty aids, house wares, books, furniture, tobacco, office equipments and many other products. Top quality regional and national brands are available in Costco where retail outlets available. Under one roof all the products are available in Costco which is a warehouse. Low overhead operation is enabled in this business (Du Plessis, 2010). The Kirkland Signature products are operated in the market of Costco. Costco is a foreign own private limited. The company is in Australia and it is U.S based Wholesale Corporation. In Australia headqua rter of Costco in New South Wales, South Australia, Queensland and Victoria. Globally the headquarters of Costco is in Washington, Issaquah and United States. The area served by the operation of these industries is Canada, United States, South Korea, United Kingdom, Mexico, Taiwan, Spain and Australia. Globally the number of staffs in Costco is 189,000who work in full time and part time basis (Mallin, 2011). There are 225 part time and full time employees in Costco in Australia. About 2,355 people are linked with the operation of the wholesale market in the company. There are eight sites of the company in Australia: Victoria, New South Wales, ACT and Queensland. Regulatory Framework of the company There are employment laws, GMO regulations and Tax reforms which are needed to be maintained as these are the regulatory rules of the company. The trade agreement is made by Costco with American whole sale market before forming any contracts. Certain tax laws has been made by the company where it is described that there will be mark-ups for the selling goods like gasoline, alcoholic beverages and tobacco products. Compliance of charges of higher price affected the retailers because of such laws (Minahan, 2012). The policy is made for the benefit of the company. This policy implies that the price has kept lower than the manufacturer than the retail price. For the retail of the price more tax is applied on the manufacturers and the consumers of the market. There should be minimum mark-ups on the selling price but for selling gasoline, alcoholic beverages and tobacco products, the cost price has been decreased which is less than the mark price (Dawkins, 2012). This gave low profit to the company and the business of Costco which is the reason that loss had to be faced by the company. In such case the consumers are in profit but the company is in loss because the manufacturers are also running loss who does not want to sell the product in minimum price as the cost price is less than the marked price. Under the state and federal legislation, the enactment of the legislation has been made through which the impact on the company is noticed. Agreement, Treaties and Conventions Impact on the Service of theProducts A treaty was made on Omega v. Costco on first sale doctrine. According section 602(a), of Copyright Act a treaty was made between omega and Costco. On 25th May in the meeting at the headquarter of Geneva World Intellectual Property Organization is formed which is based on the treaty of Standing Committee on Copyright and related Rights (SCCR) that in the eighteenth session minimum flexibilities has been made where market bases solutions are discussed about the sale plan (Waterhouse, 2010). The non profit acceptance has been described in the company. On that treaty a convention is formed known as Berne Convention. As per Article 4 of Copyrights Act, the affect on the electronic appliance are found in Costco. Later the claim has been given by the government that infringed goods are sold in the market of Costco with high market price. In that treaty and convention plan the quality of the products have made signature which is later changed in the proper market value of the product (Calbo li, 2013). According to Fair work act 2009 Costco Wholesale Enterprise of Australia made an agreement on 25th January 2017 and the agreement based on the single enterprise agreement. In the agreement it was described that under section 183 (3) of fair work act, the employees in the company should do their work fairly and the extra income will be provided by the company. There were statutory laws described in the agreement which is needed to be followed by the employees of the company (Worth, 2015). The time period of the act is seven days. In the agreement the term is needed to be discussed that the products in the market should keep a minimum marked priced through which the coordination of the company can be followed properly. The quality of the product of Costco is god but it has high market values through which the market plans are needed to be maintained. All the treaties and agreements has discussed that because of the sales value in the market the customer are afraid to buy products from the wholesale market of Costco but if at the same time quality rate is discussed than it can be said that it provide high quality market value on the products (Whish, 2015). It is necessary that price and the market value should be maintained but on the basis of the sales value. After the entire analysis it has found that as the traditional market of the sales are found than it is analysed that the sales of goods are perfect in the organization. The product review is best. It is one of the second largest company globally which stands on the basis of the marketing value. The framework of the company shows that inflation of the company really occurs which is the reason that various aspects causes problem in the company and the employees are also affected by that (Barnes, 2010). References Barnes, A., Lafferty, G. (2010). The Fair Work Act: as good as it gets?.The Economic and Labour Relations Review,21(1), 1-12. Calboli, I. (2013). Corporate Strategies, First Sale Rules, and Copyright Misuse: Waiting for Answers from Kirstaeng v. Wiley and Omega v. Costco (II). Dawkins, C. E. (2012). Labored relations: Corporate citizenship, labor unions, and freedom of association.Business Ethics Quarterly,22(03), 473-500. Du Plessis, J. J., Hargovan, A., Bagaric, M. (2010).Principles of contemporary corporate governance. Cambridge University Press. Mallin, C. A. (Ed.). (2011).Handbook on international corporate governance: country analyses. Edward Elgar Publishing. Minahan, S. M., Huddleston, P., Bianchi, C. (2012). Costco and the Aussie Shopper: a case study of the market entry of an international retailer.The International Review of Retail, Distribution and Consumer Research,22(5), 507-527. Waterhouse, J., Colley, L. (2010). The Work-Life Provisions of the Fair Work Act: A Compromise of Stakeholder Preference.Australian Bulletin of Labour,36(2), 154. Whish, R., Bailey, D. (2015).Competition law. Oxford University Press, USA.