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The Treasury has released an exposure draft bill "Treasury Laws Amendment (Measures for Consultation) Bill 2021: Use of technology for meetings and related amendments" (the Draft Bill) to permanently amend the Corporations Act 2001 (Cth) (the Act).
Read MoreWith the end of the financial year fast approaching, many company directors (and their accountants!) are feeling the pressure of their financial reporting obligations.
Read MoreFrom 1 July, the min. amount a creditor must be owed by a debtor company before they can issue a creditor’s statutory demand will increase to $4,000
Read MoreOn 1 June 2021, the Federal Government released amendments to the Franchising Code of Conduct (the Code).
The amended Code will place heavier burdens on Franchisors in an effort to level the playing field for Franchisees.
Read MoreThe temporary relief which allowed companies to hold meetings virtually during the COVID-19 pandemic lapsed on 21 March 2021. While it was anticipated that Parliament would extend those measures, this has not happened.
Read MoreThe temporary COVID-19 measures that modified the Corporation Act 2001 (Cth) (Corporations Act) to allow for the electronic signing of documents and split execution under section 127 of the Corporations Act 2001 (Corporations Act) by companies have expired.
Read MoreFrom 18 February 2021, companies can no longer remove the last remaining director on the Australian Securities and Investment Commission (ASIC) records without replacing that appointment with another director, unless certain specific exceptions apply.
Read MoreThe Fair Trading Act now requires that businesses take "reasonable steps" to ensure that consumers are aware of the "substance and effect of any term or condition relating to the supply of the goods or services that may substantially prejudice the interests of the consumer".
Read MoreThe ACCC has again displayed its appetite for enforcing the law when it comes to unfair contract terms.
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