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 [...]
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 [...]
