People are coming increasingly aware and concerned about the protection of their personal information. Given the latest cybercrime attacks on Optus and Medibank, the Federal Government is seeking to increase penalties for privacy breaches. Do you know your privacy obligations and do you have the appropriate privacy protections in place?
Read MoreIt is often necessary to vary a trust deed for various reasons. The problem is that sometimes, particularly with older trusts, the deed does not provide the trustee with the power to vary the deed or the power is not sufficiently broad to make the necessary amendment.
Fortunately the Trustee Act 1925 (NSW) now provides trustees facing such a situation with an alternative option."
Read MoreParliament has now passed the much anticipated changes to competition and consumer laws which means businesses will now face higher penalties for beach of competition and consumer laws and new penalties for unfair contract terms.
Read MoreEmployee Share Schemes are about to be simpler to administer as regulations announced in the Federal Budget for 2022-23 come into effect. These changes include changes to disclosure requirements and removal of a taxing point for leaving employees.
Read MoreDo you need to pay duty on transactions that were not previously dutiable in NSW? From 20 May 2022, the answer could be yes.
From 20 May 2022, the New South Wales duties net has been considerably widened. While the scope of the changes is not yet fully known, it is clear that duty is now imposed on transactions that were not previously dutiable in New South Wales:
Read MoreThe Australasian Food Group (trading as Peters Ice Cream) (Peters Ice Cream) has been ordered to pay a $12 million penalty after engaging in exclusive dealing practices. The Federal Court has also ordered the ice cream giant to establish a compliance program for a period of three years and pay contribution to the ACCC's legal costs.
Read MoreHave you ever thought about buying something and then immediately find a raft of online advertisements coming up on your phone for that exact same thing?
The ACCC is now focused on taking enforcement action against businesses participating in "manipulative techniques to exploit or pressure [consumers], and other practices that seek to distort or disregard their consumer choice in the digital economy" says ACCC Chair Rod Sims.
Read MoreIn early January 2022, the Australian Competition and Consumer Commission (ACCC) commenced its industry wide investigation of both suppliers and retailers in relation to the pricing of rapid antigen tests as demands for the tests far exceeded available stock within weeks of the of the COVID-19 Omicron outbreak in December 2021.
Read MoreAll directors of Australian or registered foreign companies under the Corporations Act 2001 will now need to apply for a director identification number (DIN), as administered by the Australian Business Registry Services.
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