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Applying for a Director Identification (Director ID) Number
With the enactment of the new laws, all current company directors and anyone who wishes to become one, will be required to obtain a unique director identification (Director ID or DIN) number. This will be administered by a new national registry service, the Australian...
What Does ‘Best Interests of the Child’ in Family Law Mean?
The term 'best interests of the child' is a common phrase used in family law legislation. Its meaning and interpretation is frequently discussed in case law involving parenting disputes. In this blog, we will review this cornerstone principle of the family law courts,...
Trademarking a Business with a Geographical Place Name
Many businesses choose to include a geographical place in their business name. Using a suburb or location communicates to customers where a business is located or from where their products originate. This is effective in helping to build a local client base and...
The Pitfalls of Release of Deposit Clauses
The usual procedure in contracts for sale of land During the usual procedure for the exchange of contracts for a property, the purchaser gives to the vendor’s agent the cheque for the deposit. The deposit is consideration given by the purchaser to the vendor and it is...
The Hidden Costs of Buying a House
Disclaimer: Since the publishing of this article, the New South Wales State Government has announced a 20 year plan to replace stamp duty with a property land tax. Please use caution if you are citing legislative material from this article as laws are subject to...
The Financial Risk in Giving Personal Guarantees in Leases
If you are a director of a company entering a commercial or retail lease, a landlord will likely require you to give a personal guarantee for the company’s obligations under the lease. In such cases, directors should fully comprehend the extent of the guarantee they...
Review your Shareholder’s Agreement Regularly
What is a Shareholder’s Agreement? A shareholder’s agreement is essentially a corporate pre-nuptial agreement. It sets out the rights and obligations of shareholders or members in their ownership of a company. It is not compulsory but it is prudent to have one before...
Illegal interview questions you can’t ask a prospective employee
An employer’s potential liability for workplace discrimination arises before the first interview and exists whether or not a decision is made to hire a person. A job interview is integral to the recruitment process and provides an opportunity for the employer to ask...