by Mediaminepace | Nov 1, 2018 | Business Law
The director’s duty to consider the company’s creditors Another thing for directors to worry about: is there a duty to creditors? Even when their company is doing well, directors have a lot on their plate. But things can quickly snowball when insolvency takes hold....
by Mediaminepace | Jul 30, 2018 | Business Law
It is important with any agreement that the terms and conditions are adhered to, so as to prevent a breach, or even a fundamental breach giving the other party an option to terminate. In some circumstances, however, if a term in an agreement becomes contradictory to...
by Mediaminepace | Jun 28, 2018 | Business Law
Earlier this year, GST laws were amended to require specified purchasers to withhold GST amounts from the sales price and remit that amount to the ATO. We have compiled a list of the most important facts relevant to this change in the law. Q: From when will this law...
by Mediaminepace | Jun 28, 2018 | Business Law
What is a bankruptcy notice? A bankruptcy notice is a formal document issued by the Australian Financial Security Authority (the Official Receiver) on the application of a creditor who has obtained a judgment debt of at least $5,000.00 against a debtor (the person who...
by Mediaminepace | Jun 28, 2018 | Business Law
Establishing and operating a business is costly and time-consuming, so it’s no surprise that some areas of the business are neglected. All too often, we see businesses spending significant amounts on securing leases (with bank guarantees) and investing in expensive...
by Mediaminepace | Jun 28, 2018 | Business Law
Restraining future employment – when will it be appropriate to protect the legitimate interest of the employer? Restraint of trade clauses can be used to limit an ex-employee’s freedom to pass on company information or work for a competitor for a set period of...
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