Underpaying your employees, knowingly or not, could cost your business more than you think. In addition to back paying your employees, you may be ordered to pay a penalty. A small coach company (Ava Travel) was recently penalised a total of $163,300 for unintentionally underpaying two of its employees despite a judge finding the breaches [...]
Data Protection continues to be a subject of sweeping legal reforms and public concern, both in Australia and internationally. Last month, the Australian Prudential Regulation Authority (APRA) followed suit when it finalised its new prudential standard designed to shore up information security across the finance industry. The new standard, CPS 234, will come into effect [...]
In the excitement of fielding potential buyers for their business, many business owners often neglect to take the requisite precautions to safeguard their important Intellectual Property (IP), goodwill and trade secrets. Blinded by the prospect of a windfall, many rush in and disclose the nature of their operations and key drivers of their profitability without [...]
A huge benefit to start-ups and established business alike has been the advent of the gig economy: lower cost, remote, ready and willing workers with unique skill sets that are ideal for one-off engagements. This revolution has aided in the realisation of some great ideas where previously idea originators lacked the know-how, resources or time [...]
