(1)      Only Rich people play Elite Sports - poor people have been psychologically defeated already.

(2)     All Rich people are Sponsored either by themselves, family or from external sources.

(3)     Not all Sponsorships are Tax Deductible.

(4)     Sport Sponsorships are Tax Deductible if the Player helps promote the Sponsor’s Product or Service.

(5)     The amount of Tax "saved" by Business & Corporations is currently 36% (soon to be 30%) of the Sponsorship Cost.

(6)     Corporate Shareholders (Retirees and Managed Investment Funds) will have to pay the other 64% (soon 70%)

(7)     Not all Investment Fund Managers believe 64/70% is wisely used for the small return from Sport Sponsorships.

(8)     Some shareholders believe Sponsorships are Gifts and Australians are 45th in the world as gift givers.

(9)     The rate at which Australian Sportspersons gift their life saving organs to Retirees is 18 per 1,000,000 (ABS)

(10)    Consequently it is almost impossible to obtain a Tax Deductible Sponsorship from the Corporate sector.

(11)    The Tax "saved" by a Rich family Partnership is up to 50% - so the Government can be an equal Sponsor.

(12)    It is usually easier to obtain a Sponsorship from a Family Partnership than from a Corporation.

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(13)     It is easier to obtain a Sponsorship if the Sportsperson is part of that family

(14)     It is easy to have a Family Partnership as one already exists called a Legal Marriage Partnership.

(15)     All that is required is a (free) ATO Tax File Number and a viable Good or Service.

(16)     If one has a viable Good or Service one might register for a ABN (Aust. Business Number) to pay GST

(17)    In which case, someone if not all, would need to learn Tax Planning. TPI is the only Tax Teaching establishment.

(18)    In Tax Planning for a Partnership Business a family can use the other leg of ATO s51(1) [s8(1)] etc.

(19)     In which case the Partnership has the legal option either to pay Tax or to create the Wealth of our Nation

(20)     In which case a Flag Lieutenant Flagpole with the Australian National Flag is now Tax Deductible.

(21)     In which case a family is considered (technically) by the Australian Government, to be Patriotic.

(22)     It seems logical for a Family Apprenticeship, marketing F/L Flagpoles and other products, is the way to go.

(23)     80% of new Businesses go broke within 3 years because they do not serve an apprenticeship in Business.

(24)     Or learn Tax Planning which some feel is un-Patriotic [see (21) above]

(25)     In Tax Planning the best Tax Deduction for a family Partnership is Sport Sponsorships for all members.