Last week Newcastle City Council added to continuing uncertainty for employers regarding public holidays and penalty rates by agreeing to recommend to the NSW government a local public holiday on Friday 6 March 2015 for the Newcastle Show. Although we all love a day off work to enjoy a late lunch at a suburban café, […]
Corporate entities are increasingly succumbing to the pressures of creditors and excessive debt levels, and we are seeing a spike in the number of corporate clients approaching us for insolvency advice – these include property owners.
The current Franchising Code of Conduct is to be replaced with a new Code on 1 January 2015. It is anticipated the changes will take effect immediately, without transitional periods for compliance. While the Code’s purpose is still fundamentally the same the Code has imposed a number of new obligations on Franchisors, according to commercial lawyer […]
The Tax & Superannuation Laws Amendment (2014 Measures No. 1) Act 2014 has formally become law, providing for administrative directions and penalties for contraventions relating to Self-Managed Superannuation Funds (SMSFs).
Don’t let your familiarity with this document deceive you into thinking it is watertight, warns commercial property lawyer DEAN FRITH. Baker Love has recently encountered several instances where agents’ entitlements to commission have come into question, instances that could have been avoided by proper compliance with the requirements of the standard Agency Agreement. Section 55 […]
Although companies traditionally cannot buy their own shares, many people don’t realise that the Corporations Act 2001 (Cth) provides a procedure to do so, according to commercial lawyer and partner, TERRY MORGAN. Historically, the law prevented a company from, “buying its own shares”. That is, Company A was not able to use its own funds […]
Extreme care needs to be exercised when seeking to have a company (such as a private or family company) transfer property or provide monies, or even provide guarantees, to shareholders and/or their associates including family members, warns commercial lawyer and partner TERRY MORGAN.
A tenant’s option to renew their lease is a significant right, and one that should be handled carefully, according to commercial leasing lawyer, DEAN FRITH. Usually the terms for exercising an option are construed strictly by landlords, and failure to comply with any requirements for exercising the option may be relied upon (and often are) […]
New Privacy Laws are now in effect. Lawyer DEAN FRITH looks at consequences for failure to comply, and five key aspects of the law that businesses need to know. Last year, changes were made to existing privacy laws to introduce a new set of harmonised privacy principles that regulate the handling of personal information by both […]
There are circumstances where a person is able to propose a Debt Agreement, which is a relatively low cost alternative to bankruptcy, according to insolvency and bankruptcy partner TERRY MORGAN.
