Nothing cooks up a political storm like a Banking Royal Commission with an election following close on its heels.
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Implications a Labor Government may have for employers, with regards to the Fair Work Act 2009.
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This article is about the Commissioner's final report in the banking royal commission released to the public on 4 February 2019.
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The United Nations estimates there are more than 40 million victims of modern slavery worldwide. Over half of these victims are exploited in the Asia-Pacific region, in which the supply chain of a significant number of large businesses operating in Australia are based.
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The serious consequences that follow a failure to comply with the Personal Property Securities Act 2009 (Cth) (PPSA) were highlighted in the recent decision of Ward CJ in Eq of the Supreme Court of New South Wales in Psyche Holdings Pty Limited[2018] NSWSC 1254 (Psyche Case)..
Read MoreOn 1 July 2018, phoenixing reforms came into play. At Brown Wright Stein Lawyers, we are examining the impact these reforms will have on property developers, vendors and purchasers and the commercial implications in terms of tracking and regulating illegal activities for businesses.
Read MorePhoenixing involves stripping and transferring the assets out of a company, leaving it to perish in a blaze to avoid paying its liabilities. A new company is then reborn from the ashes of the old company, starting anew and liability free, however usually with the same assets and business as the old company.
Read MoreThe Commonwealth Government has announced a 12-month amnesty for employers to self-report underpaid superannuation amounts, during which period the usual penalties for underpayment (non-deductible payments and administrative penalties) will not apply. The amnesty period ends on 24 May 2019.
Read MoreWhat is a sale on a 'retention of title' basis?
It is a conditional sale. The supplier remains the owner of the goods being sold until the goods are paid for in full by the purchaser. This transaction is now deemed to be a secured transaction.
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