The Personal Property Securities Register(PPSR) came into effect on 30 January 2012. Over 35 other registers were migrated into this new system at this time. The Australian Financial Security Authority (AFSA) imposed a 'grace period' to 30 January 2017 which allowed time to review your registrations and ensure they protect your interests. This [...]
Personal guarantees have become a common part of many commercial transactions, often being provided by company directors and their spouses or relatives. However, in our experience, the extent of such guarantees are often misunderstood and can create unexpected consequences when businesses experience financial difficulty. In extreme circumstances, they can be the cause of relationship breakdowns [...]
The Fair Work Ombudsman (FWO) has sent a clear message to all employers that it will come down hard on underpayments. In an open letter published on the FWO’s website late last year, the FWO cautioned employers that their options for avoiding underpayment obligations by sending a company into liquidation are becoming significantly limited. This letter [...]
The types and frequency of reported complaints to the ACCC accords with what we are hearing from our clients, with misleading and deceptive conduct claims among the most common competition issues we are dealing with.Click here to access the ACCC 'Small business, franchising and news report' for the period July 2016 to December 2016.