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Business Law

Derivative Action – Member Bringing an Action

Derivative Action – Member Bringing an Action

What is derivative action? Derivative action is generally an action brought by the company against a director for a breach of duty, but where a company cannot or does not bring that action, the court allows the members to bring the action on behalf of the company....

Directors Duties

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....

New GST Withholding Regime – Quick Facts

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...