Searching for Safe Harbour in difficult times
The ‘Safe Harbour’ regime under the Corporations Act 2001 (Cth) (the “Act”) provides businesses facing insolvency an opportunity to access legal safe harbour from civil penalties and adverse orders, in circumstances where those businesses would [...]
M&A exit considerations for mid-market businesses
The term “M&A” is commonly used in finance and legal circles and in boardrooms across Australia, but what does it really mean? Put simply, M&A is short for mergers and acquisitions – i.e., transactions that [...]
Privacy Risks in your Business
How are you handling privacy risks in your business? Even as a small to medium business, if you are handling personal information of your clients, customers, employees, or any other stakeholder, you should have processes [...]
Unfair Contract Terms: Australia’s UCT Framework Updated
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 [...]
Independent Contractor or Employee? We’ve come full circle
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 [...]
Employment Law Alert: Fair Work raises minimum wage – is your business ready?
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 [...]
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