Australia’s unfair contract terms (UCT) framework came into existence in 2010, when protections against unfair trading terms embedded within the Trade Practices Amendment (Australian Consumer Law) Act (No.1) 2010 became part of the Australian Consumer Law (ACL). This change had the effect, in practice, of rendering unfair terms in standard form consumer contracts void. Further [...]
Prior to 2022, the test of whether a person was considered to be an independent contractor or employee was based on applying a multi-factorial test (‘MFT’). The MFT looked at the substance of the relationship between the parties (how they operated with one another), over the actual form it was recorded (what the written contracted [...]
What’s the increase? As of 1 July 2024, the hourly minimum rate of pay will be raised by 3.75%. That is: An increase from $23.23 an hour to $24.10; or Approximately an increase of $33 per week (for a full-time employee); or Approximately an additional $1,716 per year (for a full-time employee). Whether your business [...]
It is both good practice and prudent risk management to prepare and use a shareholders agreement for shareholders in proprietary limited companies. They can operate as a “rule book” for shareholders and also separate their private arrangements from the company constitution. A shareholders agreement should (subject to applicable legislation): define the rights and obligations of [...]
