Legal
Starting a business can bring feelings of both adrenalin and fear. There are some important legal aspects that anyone starting up a new business should consider to ensure a successful start up. After seven years of working for somebody else, I recently established my own law firm with a partner. As a business lawyer, I […]
While staff incentive schemes are effective, Michael Derin says first you should consider the tax implications of your new staff retention plan. With unemployment at its lowest in 33 years, it has become a challenge for businesses, particularly SMEs, to attract and retain effective and productive employees. One way of doing this is by offering […]
While the financial benefits of being a sole trader are more enticing than those of being a private company, the business risks can be scary. Gavin Dixon explains why setting up as a private company is a business owner’s best protection from liability. The biggest decision many young, aspiring entrepreneurs faced when setting up the […]
When it comes to retail leases, most business owners would agree there is currently a severe imbalance between landlords and tenants. But changes to the Retail Leases Act could change retail lease negotiations in New South Wales. Although the present rent regulations in New South Wales are aimed at stabilising tenancies, they are often arbitrary. […]
Do you know your Occupational Health and Safety (OHS) obligations about workplace safety training? Any idea what ignorance of OHS training obligations could cost you? And what it might cost employees, perhaps serious injury or even their lives? Here are the crucial OHS clauses. Employees have a legal right to be sufficiently trained to undertake […]
A change in government also means a change in business practices. We ask the experts the following questions about the Labor Government’s effect on business: What do you think the change in government means for SMEs? What will be the key impacts to business and how should small business owners adapt to the new government? […]
SMEs need to know how to comply with privacy laws that protect personal information. Here’s a guide to privacy clauses, so your business meets its legal obligations. With the evolution of the information age and the constant development of new technologies that enable invasion of privacy on unprecedented levels, privacy law has become one of […]
Compliance with anti-money laundering laws is now a necessity. The laws aim to protect Australia’s financial system, so read on to make sure your business is compliant with anti-money laundering laws. The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act) was introduced on December 12, 2006. Implementation of the provisions of the Act […]
We gathered a panel of industry leaders and business experts to give us their view on what the Rudd Government’s effect on business will be. As you’d expect, there were plenty of contentious ideas being thrown around about how businesses will be affected. The panel: Richard Evans, CEO Australian Retailers Association Sheryle Moon, CEO, AIIA […]
Intellectual property (IP), also known as an invention, trademark, original design, or the practical application of a brilliant idea is an invaluable asset in making your business unique, and therefore, you should have the right security measures in place to protect your IP. An IP audit is a great way in protecting yourself from prospective […]
Without the right employee contracts in place, your business’ star could leave and take all of your clients with them. Find out how you can use employee contracts to protect your business. Picture this, Stephanie sets up a business with two of her friends, Jayne and Cheryl. Stephanie’s business has grown in two years into […]
Bill Hovey, CEO of Linchpin Group Australia, asks just how prepared are you for your business exit and succession? Read on to see if you’re one of the few business owners prepared for exit, with a succession plan in hand. Each year, Linchpin Group Australia succession management undertakes a proprietary survey as part of a […]
Being up-to-date with occupational, health and safety (OHS) obligations is a must for all business owners, company directors, managers and supervisors. As the Federal Government begins a review of Australia’s OHS legislation, we tell you everything you need to know about OHS and keeping staff safe. Under OHS legislation you are obliged to provide: • Safe premises • Safe […]
Succession planning is often surrounded by a cloud of confusion. Bill Hovey, CEO of Linchpin Group Australia, tries to help SMEs in understanding succession planning. In my daily work with clients a number of issues about succession planning arise continuously. The first is confusion around what succession actually entails. Succession is best described as the […]
Understanding how to protect your business’ intellectual property can be difficult. It’s an invaluable asset that you don’t want anyone else attaining but it can tough to know where to turn to for assistance. Legal aid, hiring a lawyer and even doing intellectual property research online are just some ways to safeguard your business. Confused […]
Every business needs a plan to survive in a crisis. Along with generic and industry specific risks, contingencies should be in place for unexpected disasters such as floods, terrorist attacks, and computer hacking issues. Imagine you’ve been building a successful business for seven years and decide to launch a succession plan to move out of […]
Though intellectual property should be respected as much as physical types of property, it often isn’t. How do you protect something that is the core of your business and makes it unique? Intellectual property represents the product of your mind or intellect. IP can be an invention, trade mark, original design, or the practical application […]
New laws, with a rapidly looming deadline for compliance, aim to protect the integrity of Australia’s financial system. The Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (the AML/CTF Act) was introduced on December 12, 2006. Implementation of the provisions of the Act were staggered over two years to give industry more lead time for some […]
SMEs need to know how to comply with laws that protect personal information. Here’s a guide to crucial clauses. With the evolution of the information age and the constant development of new technologies that enable invasion of privacy on unprecedented levels, privacy law has become one of the fastest growing areas of the law. Changes […]
Video stores around the country have joined forces to take on DVD pirates. Putting up posters, and handing out DVD sleeves and brochures, they hope to inform Australians about the damage done to the industry. Over 800 anti-piracy kits have been distributed to video stores by the Australian Video Rental Retailers Association [AVRRA]. They warn […]
