Throughout primary school and kinder I've noticed that around Christmas and sometimes the teachers birthday some parents organise a pool of money to purchase a gift for the teacher. This can result in the teacher receiving a gift in the range of $200 to $300 dollars. In the corporate world, I'd be expected to register this.
Are there any legal concerns here, and from what angle. Corruption, Income, Taxation something else?
Also is it different if a parent individually gave a gift?