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Commercial

unfair dismissal employment decisions

Making Employment Decisions

Making Employment Decisions Under Pressure and on the Fly – Consider the Consequences Carefully The current pandemic of Covid-19 has caused both Government and Business to respond swiftly to the crisis in a multitude of ways. Just as the need of having to adapt quickly is paramount, knee-jerk responses are still to be avoided when making employment decisions. Many businesses have had to put staff off,...

Australia Retains Moody’s AAA

Australia - One Of Only Ten (10) Countries to Retain Moody's AAA Rating Australia continues to be a standout in a world fraught with a complexity of issues never before faced. Moody’s Investors Service has maintained a stable outlook for Australian Government finances going forward as Australia retains Moody's AAA rating. Australia’s economic strength, governance and health management during the pandemic has shown resilience. Although it...

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bankruptcy legal advice

New Bankruptcy Guidelines

New Bankruptcy Guidelines As They Relate to the Covid-19 Impact on Business and Individuals The Australian Taxation Office regularly issues notices to assist businesses keep up to date with changes to regulations. In the time of Covid-19 especially, we feel that it is important to keep up to date with both your obligations and your rights. Here is a recent directive from the ATO as to...

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Modern Slavery Act

Modern Slavery Report

YOUR COMPANY MAY NEED TO  PROVIDE A MODERN SLAVERY STATEMENT AS A MATTER OF LEGISLATED COMPLIANCE REQUIREMENTS.  ARE YOU COMPLIANT? Who is required to report? The Modern Slavery Act 2018 (Cth) (“Act”) requires that an entity that has an annual consolidated revenue of at least AUD 100 million, and is either an Australian entity or a foreign entity carrying on business in Australia, (pursuant to section...

Capital Gains Tax

Australian Expats Beware

When is the Family Home no longer exempt from Capital Gains Tax? Australian Expats Beware. If you are an Australian Expat living overseas, and own a property in Australia deemed to be your Primary Residence, after 30 June 2020 this property will no longer be exempt from Capital Gains Tax. This tax will be retrospective to cover any capital gain on the property accumulated over the...

Business Purchase Sale

Guide to the Sale and Purchase of a Small Business

What is a Small  Business: In Australia, businesses with less than 20 employees, or a turnover of less than AU$2 million per annum, are generally classified as small businesses.  Small businesses account for almost 98% of businesses in Australia, and 35% of Australia’s gross domestic profit, employing 44% of Australia’s workforce. Regardless of a vendor’s reason for selling a business, for a purchaser,  especially an inexperienced...

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Hong Kong and Sydney

If Not Hong Kong, Where?

The world, as well as residents and business investors, are keeping a keen eye on the events unfolding in Hong Kong.  Similar to the issues generated by Brexit, the unknown is becoming a forecasting stumbling block. Many businesses in the past have used the natural jumping off point provided by Hong Kong to further invest into Asia, but are now looking for alternative locations that...

Corporate Governance Commercial Law

Corporate Governance Rules

What corporate governance rules do investors need to be aware of and what applies to them? The Australian Government welcomes productive foreign direct investment.  A good understanding of the Australian corporate governance rules is the key to success in investing in Australia. Main legislation and regulatory sources The Corporations Act 2001 (Cth) (the “Act”) is the principal legislation regulating companies in Australia. The Australian Securities and Investment Commission...

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