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 bring together two businesses. Selling your business, regardless of its scale or maturity, demands meticulous planning and foresight, should you [...]
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 in place to ensure compliance with privacy laws and regulations, mitigate potential harms, and safeguard personal information. The most effective [...]
National unfair contract terms (UCT) regime came into operation in 2010 which rendered void unfair terms in standard form consumer contracts. Further reforms were introduced in November 2023 which made such UCT’s void, but also illegal. The Competition and Consumer Act 2010 and the ASIC Act 2001 contain significant penalties for using UCTs, with each [...]
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 [...]
