Applying for Business Loans
This article considers the legal basics of getting a small business loan. For this discussion, it will be assumed that the loan is to either start a new business or to buy an existing one. A business loan should also be distinguished from a "line of credit" or an "overdraft", which are generally used to address liquidity issues for an existing business.
Date: Sep 02, 2010
Australian Consumer Law
Since 1 January 2011, all Australian businesses have been operating under a new, national consumer law. The Trade Practices Act 1974 (Cth) has been renamed the Competition and Consumer Act 2010 (Cth). Schedule 2 of that statute sets out the new Australian Consumer Law (ACL). The ACL replaced provisions in 20 national, state and territorial consumer laws dealing with the obligations of business and the rights of consumers when selling goods and services. There is now a single, national set of rules.
Date: Apr 01, 2011
Being Sued
Litigation is an unpleasant and stressful experience for a small business to go through. Most small business owners prefer to focus on what actually makes their business grow and operate, rather than dwelling on past mistakes or analysing small administrative details. Unfortunately, being sued can often be about very little details that happened in the heat of the moment.
Date: Nov 02, 2010
Closing your Company
This article considers how you can close your company. There are two ways of doing this, applying to the Australian Securities and Investments Commission (ASIC) to voluntarily deregister the company; or a members' voluntary "winding up" (closing down) of a solvent company.
Date: Feb 02, 2010
COAG to implement retail tenancy reforms
The Rudd Government has announced it will work with State and Territory counterparts to implement its response to the report of the Productivity Commission's inquiry into the market for retail tenancies.
Date: Sep 01, 2008
Commerce gives small businesses a leg up
The Chambers of Commerce have greatly assisted small businesses around the country in the last month to help them cope in the global economic crisis.
Date: Mar 02, 2009
Company Identity: Why It Matters
Many people assume that one company is readily interchangeable with another when they are owned by the same person. However, this is not the case and can prove downright dangerous if you assume that this flexibility will hold in times of financial stress. This article outlines some basics of the effects of incorporation and provides an example of why it pays to be precise.
Date: May 02, 2010
Compete for your small business rights
Competition is seen as a necessity in business - almost a necessary evil - but what happens when the "necessary" becomes obsolete? There is a fine balance between competition and unfair business practices to obtain competitive advantage. Small businesses can arm themselves with information on trade practices and the rights and obligations of business to ensure they are not the targets for unconscionable conduct or misuse of market power by larger companies.
Date: Jun 02, 2009
Contracting Principles for Small Business
Contracts are a fundamental part of operating a small business. Selling goods, purchasing materials, leasing premises and employing workers all involve entering into legally binding contracts. It is important to understand the essential elements of a contract so that you can develop solid business arrangements. A solicitor can assist your business develop best practices. It is highly recommended that you consult a solicitor prior to signing any contracts so that you understand both your legal rights and your legal obligations. This is particularly the case with respect to long term agreements or where the contract involves the payment or receipt of large sums of money.
Date: Jun 06, 2011
Debt Collection Letters of Demand
For small businesses, it may be either too time consuming to pursue outstanding debts or impractical to employ a collection agency (owing the size or circumstances of the debt). However, a simple strategy is to issue a formal letter of demand, which serves as both a final notice and a precursor to taking the matter to court.
Date: Oct 07, 2010
Draft Code of Conduct regarding bullying in the workplace
Much attention has been focused in regards to the need for a national code outlining behaviours that compromise ‘bullying’ in the workplace, as well as developing policies and procedures that addresses the problem. A Draft Code has now been released by Safe Work Australia for comment.
Date: Feb 03, 2012
Federal Court finds Pizza oven provider misled small business owners - ACCC
The Australian Competition and Consumer Commission (ACCC) has announced it obtained orders from the Federal Court finding pizza oven provider Original Mama’s Pizza and Ribs Pty Ltd, misled its small business customers about the contracts by which they obtained the ovens and the terms under which their finance contracts could be cancelled.
Date: Apr 04, 2008
Government moves to ease tax burden
Small Business Minister Dr Craig Emerson has announced that the government will consider two new measures to simplify small business taxation and reduce small business compliance costs.
Date: Aug 04, 2008
Government Responds to Crisis with Resources for Small Business
The Federal government has responded to the current global financial crisis in a variety of ways. Several of these measures are aimed at small business.
Date: Oct 03, 2009
Heavy penalties warn business against resale price maintenance
A recent court decision to penalise a business over $200,000 serves as a grave warning against engaging in resale price maintenance.
Date: Apr 02, 2009
How does contract law apply to businesses in Australia, and internationally?
In an increasingly interdependent world, it’s no longer a surprise that many Australian businesses conduct transactions with other businesses located internationally. Despite the fact that the sale of goods is conducted between businesses in different countries, the law of contracts still apply, but which laws?
Date: Jan 03, 2012
Insurance Basics
Recent flooding in Queensland and other parts of Australia has highlighted the critical need for businesses to have adequate insurance coverage. Many small business owners have lost everything and will have an extremely difficult time rebuilding their operations. While assistance from the State and Commonwealth governments may help, it remains unclear if financial institutions will be lenient in enforcing their rights under finance agreements and lines of credit. In addition, many businesses have been caught out in not having sufficiently wide coverage for natural disasters and loss of stock.
Date: Feb 03, 2011
Is your business True Blue?
"Made in Australia". "Product of Australia". "Australian Made". Does your business make these claims, and more importantly, can your business legally make these claims?
Date: Sep 02, 2009
Law reform to protect small businesses against predators - ACCC
Australian Competition and Consumer Commission Chairman (ACCC) has announced small businesses will enjoy greater protection against predatory pricing and misuse of market power, following proposed legal reform.
Date: Jul 02, 2008
Making a Strategic Entry into Small Business
In these difficult economic times, potential small business owners can face greater problems and barriers to starting their dream. From raising capital to securing customers, 2009 has been a challenging year. In this context it is important to make the most strategic and practical entry into the small business world.
Date: Aug 03, 2009
New Australian Credit Licensing Regime
In July 2010, the Australian Securities and Investments Commission (ASIC) will assume responsibility for regulation of consumer credit under the National Consumer Credit Protection Act 2009 (Cth) (NCCPA). This initiative removes the States' jurisdiction over consumer credit and attempts to create a licensing system that broadly mirrors similar ASIC licensing regimes (such as Australian financial services licences).
Date: Mar 01, 2010
NSW leads way on occupational licensing
Federal Small Business Minister, Craig Emerson, says a review by the NSW Government that could result in the removal of unnecessary occupational licences would make the State more attractive to qualified people from interstate.
Date: Nov 02, 2008
Parental Leave and Small Businesses
Parental leave, whether paid or unpaid, maternity or paternity, is an important issue within small businesses. Especially in light of the Government Paid Parental Leave 2010 scheme.
Date: Jan 02, 2010
Privacy Exemptions for Small Business
Recent events regarding the abuse of privacy in the UK, namely the News of the World scandal and its subsequent closure, have prompted a wider debate about privacy and privacy legislation in Australia. To date, The Privacy Act exempts businesses with an annual turnover of $3 million or less. Telecommunications service providers, however, do have obligations under the Telecommunications Act, with regards to the use and disclosure of information, but this does not address issues such as collection and storage of personal information. In general, small businesses, are exempt.
Date: Oct 05, 2011
Privacy Exemptions for Small Business
Recent events regarding the abuse of privacy in the UK, namely the News of the World scandal and its subsequent closure, have prompted a wider debate about privacy and privacy legislation in Australia. To date, The Privacy Act exempts businesses with an annual turnover of $3 million or less. Telecommunications service providers, however, do have obligations under the Telecommunications Act, with regards to the use and disclosure of information, but this does not address issues such as collection and storage of personal information. In general, small businesses, are exempt.
Date: Sep 05, 2011
Privacy Exemptions for Small Business
Recent events regarding the abuse of privacy in the UK, namely the News of the World scandal and its subsequent closure, have prompted a wider debate about privacy and privacy legislation in Australia. To date, The Privacy Act exempts businesses with an annual turnover of $3 million or less. Telecommunications service providers, however, do have obligations under the Telecommunications Act, with regards to the use and disclosure of information, but this does not address issues such as collection and storage of personal information. In general, small businesses, are exempt.
Date: Aug 02, 2011
Reforms Ensure the Price is Right
The ACCC is urging businesses to make customers aware of the total cost of goods and services, following amendments to section 53C of the Trade Practices Act 1974.
Date: Jul 02, 2009
Retail tenancy shake-up to address small business concerns
A new discussion paper has tackled major concerns in the retail tenancy market amongst small and medium businesses.
Date: May 06, 2008
Running a Small Business – Why good advice pays for itself
As a small business owner, it’s not unusual to encounter situations when the burden of a legal problem or paperwork creates stress and a desire to quickly remove the issue. However, there are important benefits or savings you may be missing out on in seeing these situations as mere annoyances.
Date: Nov 01, 2009
Small Business and the 2010 Budget
Several proposed legislative changes from the 2010 budget will have an impact on small businesses. Proposed changes are expected to come into effect on 1 July 2010.
Date: Jun 04, 2010
Small Business and The Fair Work Act (2009)
Replacing "Work Choices", The Fair Work Act 2009 came into effect on 1 July 2009. Provisions relating to the National Employment Standards and Modern Awards will come into effect on 1 January 2010.
Date: Dec 02, 2009
Small business and the Privacy Act
The month of May marks the start of Privacy Awareness Week, a program to promote awareness of privacy rights and responsibilities in the workplace. So how do privacy and the Privacy Act affect your small business?
Date: May 02, 2009
Small business breathe a $440 million tax relief
Up to 1.3 million small businesses will get relief on their tax bills with the Federal Government cutting the December quarter tax instalment by 20 per cent.
Date: Jan 03, 2009
Small business conditions moderate, reforms imminent
Small business conditions have remained moderate while labour costs have risen, according to a recent survey by the Australia Chamber of Commerce and Industry (ACCI).
Date: Jun 01, 2008
Small business squeezed in credit crunch
As the global financial crisis continues to take its toll, The Australian Chamber of Commerce and Industry (ACCI) expressed concern at the availability of credit to small businesses.
Date: Feb 02, 2009
Social Media and your Employees
This article focuses on the potential risks (and benefits) of social media. The law in this field is unclear, although this article attempts to present social media as merely a more developed form of communication over the Internet.
Date: Apr 03, 2010
Social Networking in Business
Many businesses including small businesses have embraced social networking sites as a way to market their products and services. Facebook fan pages are often a popular choice, enabling members of the public to post comments about a product or service.
Date: Jul 05, 2011
Tax Time Record Keeping
With the end of the financial year, now is the time for many people to start afresh and get their businesses in order. As part of completing an end of year return, it is timely to consider your record keeping obligations under Australia's tax laws.
Date: Aug 03, 2010
The Australian Chamber of Commerce and Industry identifies hidden business costs in proposed Parental Leave Scheme
The Australian Chamber of Commerce and Industry ("the ACCI") has told the Productivity Commission that it needs to revise the proposed paid parental leave scheme to take direct costs off employers and small business.
Date: Dec 03, 2008
The requirements for creating a valid e-commerce contract
In recent years, online shopping has exploded in popularity, with many Australians taking advantage of the strong local dollar and the ease of making purchases online. As a result of consumers doing more shopping on the internet, small businesses may have begun to consider the viability of establishing an e-commerce presence. And as new technologies change the way people purchase products, it is essential that the law adapts to the changing environment by enacting legislation that both encourages businesses to adopt an e-commerce strategy, whilst still protecting consumers. As a result, a uniform legislative regime operates across all Australian states and territories, which applies to both electronic and face-to-face commercial transactions, equally.
Date: Nov 02, 2011
Unions strike out against unfair dismissal laws
Unions have struck out against the revised unfair dismissal laws announced by Workplace Relations Minister, Julia Gillard, under the new Forward with Fairness laws taking effect next July.
Date: Oct 02, 2008
When is the Price Right: Predatory Pricing and Small Businesses
Predatory pricing is unlawful under s 46(1) of the Trade Practices Act 1974. This prohibits businesses that have substantial market power from using that power to eliminate or damage a competitor. It also prohibits preventing a person from entering a market, or deterring or preventing a person from engaging in competitive conduct in a market.
Date: Jul 02, 2010
Why business owners must supply goods of acceptable quality and fit for a disclosed purpose
Small businesses should be aware, that with the introduction of the Australian Consumer Law (the ACL) affords the public a broader range of protections, as well as requiring both corporations and “persons” to provide goods and services which are of a requisite standard. The ACL has replaced the Trade Practices Act 1974 (the TPA), and although the new Act mirrors many of the provisions under the TPA, the ACL has also included implied conditions of quality and fitness in relation to consumer transactions and now enjoy statutory guarantees under the ACL.
Date: Dec 01, 2011
Working with Contracts
For most small businesses, contracts are part of everyday life. Whether selling goods, purchasing materials, employing staff, negotiating and signing on arrangements with customers, clients and providers, it is important to understand contracts and their implications for establishing best practice and solid business agreements. It is imperative to become familiar with the essentials of contracts, and to consult your solicitor before signing anything.
Date: Mar 02, 2011
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