Does your business have a compliant privacy policy? Are you aware of your obligations under the Privacy Act and the Australian Privacy Principles? Does your business have appropriate processes to manage the handling of personal information?
If you haven’t reviewed your privacy policy in the last 12 months, now is the time act or you might face significant penalties.
When a company is facing short term financial difficulties the directors or shareholders may decide to make a loan to the company to pay wages.
When a loan is secured by guarantees given by more than one person, disputes can often arise between co-guarantors as to who should bear the burden of paying out the loan, and in what proportions.
The Commonwealth Government has recently released a consultation paper dealing with whether the unfair contract term protections offered to consumers under the Australian Consumer Law (ACL), should be extended to small business contracts.
Typically, shareholder agreements contain a provision to the effect that any inconsistency between the agreement and the company’s constitution will be resolved in favour of the shareholder agreement.
In the recent case of Woodside Energy Ltd v Electricity Generation Corporation, the High Court considered the construction of a contractual clause requiring a party to ‘use reasonable endeavours’ to supply supplemental gas…
On Friday 25 May, all existing business name registers in each state closed down and the information was transferred to the register of the Australian Securities and Investments Commission (ASIC).
On 28 May 2012, the new business names registration system will commence. The new system integrates the business names systems of each state and territory into a national registration network. Business names are currently regulated individually by state and territory governments.