On 10 November 2020, the Federal Government announced changes to the unfair contract term provisions in the Australian Consumer Law, which now make unfair contract terms illegal and punishable by civil penalties. Further changes have also been proposed in relation to expanding the threshold of the term ‘small business’ and the definition of a ‘standard form contract’.
Searching and completing registrations on the Personal Property Securities Register can often be confusing and counterintuitive. In this article, we provide some tips to avoid making common mistakes when searching or completing registrations on the PPSR.
The Personal Property Securities Register is the national register of security interests in personal property. Given that the PPSR affects many, if not most commercial transactions, it is important that everyone involved in business has a basic understanding of how the PPSR works.
On 22 June 2020, the Australian Government introduced new legislation to help combat illegal pheonixing activities, amending the Corporations Act 2010 and the Corporations (Aboriginal and Torres Strait Islander) Act 2006 by introducing Director Identification Numbers.
If you’re buying or selling a business in Victoria you may have been asked about or heard the term ‘Section 52 statement’. In this article we answer your questions: What is a Section 52 statement?; Who prepares the Section 52?; When is a Section 52 required?; What information does a Section 52 contain?; and; What happens if it’s not provided or is false or inaccurate?
The Coronavirus Pandemic (COVID-19) has caused a significant increase in stress and anxiety for many businesses across many sectors of the economy. We are finding that businesses are asking questions in two areas in particular: how to manage employees during these difficult times; and how to manage situations where you cannot complete contracts because of a breakdown in supply chains, or because your employees are unable to work.
You have a brilliant idea about a small business that you would like to start. You have developed a business strategy and you have lined up key stakeholders. You have put a lot of work into preparing your small business for launch and you are almost ready to go. Now you just need to get the legal side of things sorted out.In this article, we provide a checklist of 10 things that you should consider as you start your small business.
Based upon new laws that came into effect on 22 February 2018, Australia has introduced a Mandatory Data Breach Scheme. The Mandatory Data Breach Scheme applies to businesses in the event of confidential information being compromised through a data breach in their system.
For businesses, with the development of new technology and websites becoming commonplace, it is an emerging issue where people are asking the question: what can I do if someone steals content from my website? Owners are increasingly putting countless hours into designing their websites, perfecting their content and attempting to maximise their web traffic.
Have you or your business ever received any fake reviews online, or reviews which you believed to be misleading? Alternatively, have you ever thought about publishing your own false reviews online to balance out the negative reviews? As we have moved further into the 21st Century, people are becoming more reliant on what they read online for reviews as opposed to more traditional methods of review such as word of mouth. This can be a big problem if fake reviews are published about you or your business.
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