The case of Mabo Essay Example | Topics and Well Written Essays - 2250 words

The case of Mabo - Essay Example The amendment aimed at establishing a strategy of making land grants based on the trust of Torres Strait islanders and the aboriginals of which the Murray Islanders did not agree with it. The plaintiffs had the representation of the Grey Mclntyre, Brian Keon-Cohen, and Ron Castan (Curthoys, Genovese and Reilly, 2008). At first, the case was brought in as a test aimed at determining the legal rights of the people of meriam to land in the Murray island and Waier and Dauar in Torres Strait. This was so because; such got heavy stimulation to the Queensland in 1879. Before the British contacted the Meriam people, they had lived in the land as subsistence economists who majored in fishing and cultivation. At those times, the land was not for the whole community or public, but rather, was for certain individuals. At some point in 1985, the government attempted at all means to discontinue the proceedings through the enactment of a declaratory act referred to the Queensland coast island. This declaration stated that on the land annexation in 1879, the island title was vested in the Queensland state, and as a result, free from claims, interests, and rights whatsoever. According to the Mabo versus Queensland number 1 of 1988, the high court stated that this was not in line with the legislations provided by 1975 racial discrimination act. As a result, the plaintiffs decided to come up with inter alia declarations ruling that the Meriam people had a right for the Land of Murray Island. This meant that they were the owners, possessors, occupiers, or people who have a right to enjoy the use of the land. According to the plaintiffs, they argued that they needed a possessory title because of the long period, which they possessed the land.

Understand the implications of finance as a resource within a business Assignment

Understand the implications of finance as a resource within a business - Assignment Example The estimation of cash requirements of a company and the various decisions related to the ways of generating cash is also sometimes referred to as the financial plan. Financial planning is thus important and helpful in determining the ways through which the companies can generate cash to make the various investment decisions possible for them. Cash budgeting, which is a part of financial planning, helps assess the ways in which available cash should be utilized y the company to achieve its financial objectives. Failure to arrange for adequate finance could lead to problems for the company, and it will not be able to carry on its business activities because of limited funds required for the purpose of implementing its various investment objectives. All these facts suggest that financial plan is critical to any business organization for its future growth and sustainability. Financial information of a company is generally presented through the financial statements prepared by its accountants. The users of financial information of an organisation can either be its external users or the internal users. The internal users or the users within the organisation are mainly the management accountants of the company, who use the financial information present in the financial statements of the company to make various business decisions (Sinha, 2009, p. 21). The managers of the company are also the internal users who are engaged in the activities related to planning and controlling the daily business operations of the organisation (Nikolai, Bazley and Jones, 2009, p. 7). The financial information is utilised by them to make decisions regarding internal operations to be conducted within the organisation. For example, the managers decide on the purchase of new equipment based on the financial information provided to them by the management accountants through the fin ancial