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Extension of the unfair contracts regime to small businesses
The Federal Government has enacted legislation extending the unfair contract term protections of the Competition and Consumer Act 2010 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth) to the small business sector. Under the new laws, a Court is able to declare that a term of a standard form small business contract
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Amending trust deeds – It’s trickier than it looks
Since family trusts first became used in the 1970’s and 1980’s accountants and lawyers have historically made all sorts of amendments to trust deeds eg: expanding trustees powers to keep lending banks happy; changing trustees, appointors and guardians; or adding or excluding beneficiaries in reliance upon a clause in the trust deed saying “the trusts
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Introduction of the Associations Incorporation Act 2015
The Associations Incorporation Act 2015 (“the 2015 Act”) became law on 1 July 2016 and on that day the Associations Incorporation Act 1987 (“the 1987 Act”) was repealed. The 2015 Act is far more comprehensive than the 1987 Act. The 2015 Act must be complied with by all incorporated associations i.e. including those incorporated before
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Independent contractor or employee: Do you understand the difference?
Engaging a person as an employee or an independent contractor will dictate the extent of a business’s responsibility to that the person and also has important tax and superannuation implications.
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