With End of Financial Year just around the corner again, it’s time to check in on your Super. Irrespective of the nature of your Super fund, there are several important matters to consider. Death Benefit Beneficiary Superannuation does not automatically form part of...
Articles
Non-Disclosure Agreements – Are they right for your business?
When operating a business, it is important to consider the protection of your business’ sensitive and confidential information. One way of doing this is through the use of a Non-Disclosure Agreement (NDA). At some point in the operation of your business, you will...
Breach of Contract – Damages and Other Resolutions
A contract is a binding agreement between parties that will govern their relationship by setting out what each party can and cannot do. Ideally, the parties would respect and perform their obligations under the contract. However, this is not always the case, and it...
Conditional Loan Approval and Unconditional Loan Approval – The Difference
Conditional/Pre-Approval This means that your loan has been assessed and approved, in principle, but the lender needs more information before it will issue a formal, or ‘unconditional’ approval, which is what you should have, when entering into an unconditional...
Requisitions on Title Explained
Requisitions on title are essentially questions relating to the sale of a property drawn up by lawyers. During the conveyancing process, and within 21 days from the date of the contract, the Purchaser’s legal representative will make general and specific enquiries of...
Purchaser Declarations and Foreign Person Surcharge
On 18 July, 2018, it was introduced that when purchasing property in NSW purchasers are required to complete a Purchaser Declaration. This declaration is submitted to Revenue NSW when the Contract is lodged for stamping. If there is more than one purchaser, each...
ENDURING POWERS OF ATTORNEY AND PROPERTY
What is an Enduring Power of Attorney? An Enduring Power of Attorney is a legal document that gives one or more person/s the authority to manage the financial affairs of another, for the duration of that other person's lifetime. The principal (the person making the...
APPOINTMENTS OF ENDURING GUARDIAN AND BLENDED FAMILIES
What is an Appointment of Enduring Guardian? An Appointment of Enduring Guardian is a legal document that gives one or more person/s the authority to manage the medical affairs and lifestyle choices of another, should that person become incapable of making independent...
Franchise Disclosure Register – Increased Compliance Burden for Franchisors
Following the Federal Government’s announcement of the Franchise Disclosure Register through the 2021 Exposure Draft legislation, the Competition and Consumer (Industry Codes – Franchising) Amendment (Franchise Disclosure Register) Regulations 2022 (the "Regulations")...
Considerations to make before signing an Agency Agreement
When selling your property, one of the most important decisions you need to make is choosing the right agent to market the property on your behalf. It is imperative that you feel comfortable and trust your agent as he/she will be selling what is most likely your most...
IMPORTANT POINTS WHEN SELLING OR BUYING REAL ESTATE
Being prepared is the key aspect of ensuring that your conveyance proceeds efficiently. Selling Real Estate Contact your solicitor/conveyancer with instructions to prepare a contract. Marketing cannot commence until the selling agent has been provided with a copy of...
What does “Limited Title” mean and is there cause for concern?
Whilst Old System Title has all but disappeared from NSW over the past few decades, every now and then we see a title search noting that it is “Limited Title”. What does this mean and is there cause for concern? We often see this in older inner-city suburbs or other...
Sale of Rapid Antigen Tests – Pricing and Other Issues
As COVID-19 case numbers have surged alongside the Omicron variant, increased demand for accessible testing has also resulted in a dramatic price increase for Rapid Antigen Tests (RATs) across the country. This price increase, along with other conduct such as the...
Unpaid pandemic leave entitlements under certain awards extended until 30 June 2022
On 7 January 2022, the Fair Work Commission announced that it had extended certain employee’s entitlement to unpaid pandemic leave from 31 December 2021 until 30 June 2022. An employee’s entitlement to unpaid pandemic leave is contained in Schedule X of many modern...
1 November 2021: New Identification Requirements for Directors
The Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) came into effect on 22 June 2020. The amendment to both the Corporations Act 2001 (Cth) and the Corporations (Aboriginal and Torres Strait Islander) Act 2006 (Cth) will now...
Businesses must be able to stand behind their word
The Australian Consumer Law contains provisions which prohibit misleading and deceptive conduct and false and misleading representations, and which require organisations to stand behind any promises or warranties they give to consumers. The repercussions of conduct in...
(.au) – Second Level Domains introduced
In August 2021, an announcement from .au Domain Administration (.auDA) announced the launch of second level domain names (<.au>), commencing on 24 March 2022. The release second level domain names is designed to provide: A wider choice of available names;...
27 September 2021: Casual Conversion Deadline
The Fair Work Amendment (Supporting Australia's Jobs and Economic Recovery) Act 2021 (Cth) came into effect on 27 March 2021. The amendment to the National Employment Standards provided employers (with more than 15 employees) with a 6-month transition period. This...
Who will look after your children if you die
As a parent, you do everything in your power to look after your children and ensure the best for them. Part of this process should include planning for the unthinkable and what would happen if you were no longer alive to fulfil your duties as a parent. The thought of...
COVID-19 insurance rent relief: Why should landlords enter into deed of rent relief agreements?
Whilst the Federal and State Government’s COVID-19 rent relief scheme provides significant benefits and support to tenants in the form of rent reductions or moratoriums, such scheme can cause various issues to landlords with respect to their arrangements with third...
Introduction of paid bereavement leave: What does this mean for private sector employers?
On 22 June 2021 in the NSW State budget, a new bereavement leave policy for NSW public workers was established. Women and partners/spouses employed within the public sector who have experienced miscarriages or stillbirths are entitled to five days' paid leave. It...
Is my Cryptocurrency safe when I die?
A significant amount of cryptocurrency is lost due to investors dying without bequeathing access for their loved ones. Cryptocurrency is not like your traditional bank account which is better regulated and has a clearer method for accessing funds upon production of...
AUTOMOTIVE AND GENERAL FRANCHISING REFORMS – COMMENCING 1 JULY 2021
On 1 June 2021, the Federal Government released the Competition and Consumer (Industry Codes—Franchising) Amendment (Fairness in Franchising) Regulations 2021 (the Amendments). The Amendments amend the Franchising Code of Conduct (the Code), addressing the franchising...
Minimum Superannuation Guarantee Rate change effective 1 July 2021
As part of the 2021 Federal Budget the changes to the superannuation guarantee were confirmed. Meaning that starting from 1 July 2021 until 1 July 2025, the superannuation guarantee for eligible workers will increase by 0.5% each year as follows: Superannuation...
Should I register my lease for my commercial property?
As a landlord entering into a commercial lease, it is imperative that you balance up whether you must register your lease with the NSW Land Registry Services. We have set out below the key considerations when considering whether to register your lease. Retail Leases...
Ensure Your Attorneys Get Along!
In estate planning, attorneys (who are your enduring power of attorney) are important people. If you are appointing joint attorneys, you want to make sure they can make the right decisions about your financial and legal affairs! Enduring Power of Attorney Your...
Executors Misbehaving
In estate planning, executors (who uphold your Will) are critical appointments. If you are appointing multiple executors, you want to make sure they get along as they hold the power to get the things done that really need to be done! Your Will Your executor is...
Legal Due Diligence – Buying a Pharmacy
One of the first and most important steps in purchasing a pharmacy is conducting financial and legal due diligence. Whilst most pharmacist purchasers are aware of the importance of completing financial due diligence, the significance of legal due diligence is...
Legal Due Diligence – Selling a Pharmacy
Legal due diligence is an integral part of selling a business and will assist in ensuring that any prospective transactions are not unnecessarily impeded. By taking the time to correctly prepare for the sale of a pharmacy business, a vendor can help to prevent any...
Australian Consumer Law Changes – Are You Ready?
What is a ‘consumer’? A central consideration under The Australian Consumer Law (ACL) is the definition of a ‘consumer’. Indeed, whether a customer is a ‘consumer’ for the purposes of the ACL determines their entitlement to certain protections and guarantees in...
Updated Advertising Code of Ethics – What it means for advertisers
On 23 September 2020, the Australian Association of National Advertisers (AANA) released their updated Advertising Code of Ethics and associated Practice Note (the Code). These changes apply to all advertisements in Australia and will take effect from 1 February 2021....
Senate Committee resolves to investigate the relationship between car manufacturers and car dealers
On 7 October 2020, the Senate Education and Employment References Committee ("the Committee") resolved to investigate the regulation of the relationships between car manufacturers and car dealerships in Australia. Accordingly to the Committee’s press release, this...
“Sneakerboy” case grants COVID19 Rent Relief to April 2021
The NSW COVID Regulation adopts the principles contained in the Commonwealth Code of Conduct, which intends to provide tenants and landlords in commercial leases with guidance in finding a commercial and amicable solution to the financial detriment caused by the...
Are Electronic Signatures Legally Binding in Australia during COVID19? Signing Requirements for a Company Explained.
Section 127 of the Corporations Act 2001 When a Director or Directors of a company sign a document on behalf of the company, the signature section often states that it is being "signed in accordance with section 127 of the Corporations Act." However, many people do...
Contract for Sale of Land – Home Owners Warranty Insurance
One of the questions that is asked when acting for a Vendor in preparing a Contract of Sale is whether any building works have been carried out to the property. If the answer is yes, then there are a series of issues that must be considered: Is there a building...
Franchising Update: Government Response to the Fairness in Franchising Report
On 20 August 2020, the Australian Government released its response to the “Fairness in Franchising Report” (the Report) which was published last year by the Joint Committee on Corporations and Financial Services following its inquiry into the operation and...
New Pharmacies & Relocations – What is required?
The operation of pharmacy businesses is highly regulated in Australia on a Federal, State and Territory level. It is therefore critical that you are aware of your legal obligations when opening and operating a pharmacy business. Whether you wish to relocate your...
Gazumping
“Gazumping” is a term used to describe a situation in which a purchaser has agreed on a price with a vendor, but another purchaser makes a higher offer before formal exchange of contracts takes place on the original deal agreed upon. In a competitive property market,...
July 2020 Updates to COVID-19 Regulations for Commercial Leases (NSW)…
In April of this year, the NSW state government enacted the Retail and Other Commercial Leases (COVID-19) Regulation 2020 (NSW) to govern negotiations between landlords and tenants during COVID-19. Our summary of the initial Regulation can be found here. Since the...
FIRST HOME BUYERS ASSISTANCE SCHEME THRESHOLD EXTENSION
The NSW government has announced that it will temporarily increase transfer duty relief and concessions. From 1 August 2020, the duty-free limit will be extended to $800,000 for first home buyers, if they purchase a newly built home (not an existing home) and the...
Collective Bargaining in the Retail Sector
The impact of the COVID-19 pandemic on the retail market has been indisputable. Large downturns in trade and foot traffic have put pressure on regulators to facilitate industry action to assist the continued survival of retail businesses. One proposed method for...
Do I Need to Register a Security Interest on the Personal Property Securities Register (PPSR)?
The PPSR is the Australian national register for recording security interests other than in relation to land. You can register a security interest over personal property, for example, motor vehicles, stock, and financial property such as shares. Most commonly a...
What is a Priority Notice?
Priority Notices are a simple way of temporarily preventing new legal interests in land being registered, prior to the registration of the dealings set out in the Priority Notice. They are designed to remove the risk of registration between settlement of a transaction...
Building regulation in New South Wales is getting a renovation – New legislation for residential construction
Following community outcry surrounding inferior building standards of residential towers such as Opal Tower, the NSW Government has begun introducing new legislation to create new standards for the building industry. Early in June 2020 the Design and Building...
Property Development Extensions: CLW’s Guide for Property Developers during the COVID-19 Pandemic
On 14 May 2020, a number of legislative changes came into force in NSW as part of the government's response to the COVID-19 pandemic and the financial difficulties that many industries are facing. The changes affected various sectors, and thankfully, this included...
Is Your Text Message A Valid Will
Did you know that an unsent, draft text message could be a valid will? It is not only formal, signed and witnessed documents that can be a will. The Courts will always try to give effect to a "testamentary intention" if they can. There are a wide variety of ways and...
Security for Loans: Mortgages v Caveats
Security over Real Property When a party is seeking a loan from a lending institution such as a bank or a private lender, the lending institution will often require a registered form of security for their loan against an asset of the borrower. This security is the...
CONTRACT FOR SALE OF LAND AND COVID19 PROVISIONS
For many it is a time of uncertainty when buying and selling property in this current market, but the right guidance and advice will help you navigate these unchartered waters. When selling, a well-drafted contract is essential in order to set out the Vendor's legal...
Sick leave not available to stood down staff, Federal Court rules!
On 18 May 2020, Justice Geoffrey Flick dismissed a union-led bid to have Qantas workers paid sick leave during the period of stand-down. In mid-March 2020, 20,000 Qantas employees were stood-down in response to the coronavirus pandemic. Since this time, these workers...
Changes to foreign investing in Australia
The Government has recently announced changes to the approval process for foreign investment in Australia in response to the unfolding COVID-19 pandemic. As at 10.30pm on Sunday, 29 March 2020 the threshold for the Government reviewing foreign investment has been...
COVID-19 Witnessing Of Documents
The pandemic has raised some real practical difficulties around signing and witnessing legal documents because of strict social distancing rules in place to protect us all. In order to facilitate and decrease the need for face to face contact for the witnessing of...
COVID19 – Retail and Commercial Leases
On 24 April 2020, the NSW Government passed the Retail and Other Commercial Leases (COVID-19) Regulation 2020. The Regulation includes changes to the Retail Tenancy Act 1994 and the Conveyancing (General) Regulation 2018 which aims to govern negotiations between...
Opportunities for property developers in times of Recession
A well-experienced property developer and/or investor will understand that the property market and the global economy is cyclical and will experience many different life-cycles over time. This article discusses some of the strategies that you can implement, and the...
Full Bench of Fair Work Commission Confirms Uber Drivers are Not Employees
On 21 April 2020, the Full Bench of the Fair Work Commission upheld that the 60,000 drivers contracted by Uber are not employees of Uber. The appeal had been brought by the Transport Workers Union, who argued that Mrs. Gupta, a former UberEats driver, was an employee...
Force Majeure Clauses and COVID-19
The wide-ranging impact of the COVID-19 outbreak is certainly yet to be completely understood – however, it is clear that it will continue to have far reaching implications in many sectors. Legally, one of the ways we may be able to protect ourselves from these...
Consumer Law and COVID-19 – ACCC Guidance
As the realities of social distancing start to set in, many businesses are faced with new and unprecedented challenges in relation to the supply of goods and services, leaving many having to cancel events, manage delays, and cope with shortages of supply. Amidst these...
New Loan Requirements – COVID19
Buying and selling property is changing amongst the COVD19 restrictions and our new way of life. We have, of course, no option but to accept and change with it. One of the areas which will affect the purchase of your home is whether you will be able to get finance...
Tips For Purchasing An Off-The-Plan Residential Property
If you are purchasing an off-the-plan residential property it is prudent to obtain proper advice on the Contract so you are aware of your rights under the Contract. This minimises the chances of nasty, and potentially expensive, surprises. Below is a summary of the...
What happens if your Commercial tenant becomes insolvent?
Clinch Long Woodbridge's Guide for Landlords Many landlords are unsure of their rights and entitlements if a tenant under a commercial lease becomes insolvent and a liquidator is appointed to manage the tenant's affairs. This guide is for landlords to help them...
The pre-settlement inspection
What happens at a pre-settlement inspection? The standard conditions of the Contract allow for the purchaser to complete one inspection of the property within three days prior to the scheduled date for settlement. We would generally recommend that the purchaser...
Making a will in an emergency…some important things to be aware of…
It is always best to have your legal adviser prepare or assist you with your will. Family wealth succession and the financial futures of loved ones are too important to take a short cut. Your adviser can talk to you about your specific circumstances, ask the right...
JOBKEEPER SOLUTION EXPLAINED
"JobKeeper" – $130 billion to the rescueUnfolding day-to-day, businesses are being required to respond to the unprecedented challenges of COVID-19. Following CLW’s update last week setting out the various alternatives to terminating an employee’s employment as a...
Update for tenants and landlords amid COVID-19 outbreak
What are the current policies in place to assist landlords and tenants? Banking Industry The banks will allow commercial Landlords with loans up to $10 million, (which has been increased from the previous limit of $3 million), to delay their loan repayments for a...
COVID-19 & THE Personal Property Security Register – DID YOU PROPERLY PROTECT YOUR ASSETS?
Every day you may be putting your business at risk when selling, leasing, or hiring out goods, or selling valuable goods on consignment. This risk is increasing significantly due to the impact of COVID-19. In recent days, many businesses had to shut their doors. Pubs,...
“Non-Essential Services” – Termination, stand-downs and next steps for employers
Following the announcements of Scott Morrison and the various State and Territory leaders on 22 March 2020, a host of closures and restrictions on "non-essential services" including in cafes, restaurants, gyms, pubs, clubs and places of worship has been announced. ...
2019/20 NSW bushfire transfer duty relief scheme
This scheme has been introduced to assist people whose homes were destroyed during the 2019/20 NSW bushfires and who choose to purchase a replacement property elsewhere rather than rebuild.Anyone who meets the requirements for receiving this assistance will either:not...
Purchasing Commercial Property in Queensland
Here are the key steps in the Conveyancing process:Pre-exchangeIn the pre-exchange period, the parties will negotiate the commercial aspects of the transaction such as the purchase price, the settlement period and any special terms and conditions.ExchangeYou will be...
FIRST HOME LOAN DEPOSIT SCHEME
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Federal Court rules Trivago breached Australian Consumer Law by misleading consumers over pricing
On 20 January 2020, the Federal Court of Australia held that hotel comparison website Trivago had breached the Australian Consumer Law (ACL) by making misleading representations in relation to hotel room rates and savings on its website and in its television...
Australia Natural Disaster Relief – What are the rights and entitlements of volunteers?
Andrew Knox is a volunteer fire fighter, who according to BBC News, dropped his ordinary life to fight the fires which have ravaged New South Wales recently. The New South Wales Rural Fires Services claims to be "the world's largest volunteer firefighting...
‘Was/Now’ Advertising Statements Crackdown by the ACCC, as 4WD Supacentre pay fine and provide court enforceable undertaking
On 14 January 2020, the Australian Competition and Consumer Commission announced that Outdoor Supacentre Pty Ltd (trading as 4WD Supacentre) had paid five infringement notice penalties (totalling $63,000) in connection with advertising claims about was/now pricing...
What to do if you break up on Break Up Day
It is no secret to those who work in family law that there is an obvious mad rush of work in the leadup to Christmas. The cause of this may now be clearer than ever after data experts discovered thattoday, 11 December, is the most common day for people to break up....
Little “Wiggle” room as an unfair dismissal claim dismissed by Fair Work Commission
The Fair Work Commission has recently ruled in an unfair dismissal case brought by an employee of a Toyota Dealership who faked a sickie to take his son to see the Wiggles. On 28 June 2019, Mr Mamo took personal leave to allegedly care for his sick son. In actual fact...
In the Hot Seat – Fines for Furniture Chains after Misleading Advertisements
Everyone loves a bargain, but what happens when the deal your getting isn’t quite as sweet as you thought? When buying new products, people often use price comparisons as a way of assessing the value they are gaining from their purchase. Owing to this, many retailers...
IS THERE A DIFFERENCE BETWEEN A DEED AND A WRITTEN AGREEMENT?
What is a deed? A deed is often a binding promise or commitment to do something. It is said to be the most solemn indication that a person intends to do what they have promised. To create a valid deed the document must be: in writing signed with an intent that it is...
Ultra Tune Appeal Decision Upheld by Full Federal Court: What does this mean for Franchisors in Australia?
In January 2019, in proceedings brought by the Australian Competition and Consumer Commission (ACCC), the Federal Court found Ultra Tune Australia Pty Ltd, a major Australian franchise of automotive repairs and servicing, were in breach of the Franchising Code of...
Flight Centre fined $252,000 in penalties by ACCC for misleading and deceptive conduct
On 21 October 2019, the ACCC announced that Flight Centre Travel Group Limited (Flight Centre) had paid $252,000 in penalties following two infringement notices issued by the Australian Competition & Consumer Commission (ACCC) for alleged misleading advertisements...
What Does a Day of Paid Personal Leave Mean?
Employers and employees will be well aware that under section 96 of the Fair Work Act employees are entitled to 10 days of paid personal/ carer's leave for each year of service, accrued progressively during the year according to the employee's ordinary hours of work....
The Painton Foundation
Clinch Long Woodbridge Lawyers assist clients with their philanthropic endeavours in making a difference to our community. The late Graham Painton was a client we assisted in establishing his own private ancillary fund (PAF). A PAF is a private charitable trust...
New Whistlebower Protection Laws – Are you ready?
The Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 received royal asset on 12 March 2019 and commenced operation on 1 July 2019. The new legislation provides greater protection and remedies for those who 'blow the whistle' on corporate,...
Promotions from 1 July, 2019
We congratulate our staff who have been promoted. Ashleigh – Ashleigh Moran commenced with us at Clinch Long Woodbridge in November 2016 from Argyle Lawyers, and established herself as a very capable member of the family law team. She has cemented herself in the Court...
What is an Independent Children’s Lawyer?
One of the primary objectives of the Court in parenting matters is to determine what the best interests of the children are and to make orders to that effect. In some circumstances, an Independent Children's Lawyer ('ICL') will be appointed. An ICL is a lawyer who...
NEW RIGHTS OF RESCISSION FOR PURCHASERS OF OFF THE PLAN PROPERTY
The Conveyancing Legislation Amendment Act 2018 (NSW) does not as yet include the draft Regulations with key details on how these amendments will operate and be implemented. Changes to the rescission rights in NSW The Act gives purchasers buying apartments or...
Prenups in Australia: Everything You Need to Know [2021 Edition]
What is a prenup? Prenup is a colloquial American term for a prenuptial agreement - an agreement entered into by people who intend to marry. In Australia, a prenup is known as a Binding Financial Agreement (or BFA), however most people will still refer to these...
In Parenting Cases – Who should prepare the critical “Family Report”
Parents in dispute in the Family Court are usually ordered to get a family report, but not all family report writers are the same. A Family Report provides the court with an independent assessment of the issues in the case for the judge about child/children of the...
PRIORITY NOTICES
What is a Priority Notice? A Priority Notice records the priority of an anticipated transaction on title, including the order in which it is to be lodged. Why lodge a Priority Notice? Whether purchasing, selling or transferring property the registration of a Priority...
Franchising inquiry – what it means for the automotive franchising industry
On 14 March 2019, a report on the operation and effectiveness of the Franchising Code of Conduct ("the Franchising Code") was released by the Parliamentary Joint Committee on Corporations and Financial Services ("the Committee"). The Committee has made a number of...
THE RISKS IN ACCEPTING A 5% DEPOSIT
In todays’ property market it is has become quite common for purchasers to request the payment of a 5% deposit in lieu of a 10% deposit, which can at times be out of reach with today's high property prices. If agreed, the contract for the sale and purchase of land...
2019 Winner: Best Law Firms in Doyles Guide
Ready to talk?Our exceptional team of lawyers are waiting to hear from you to help you deal with your legal needs efficiently.Or call 1800 679 610Family Law? Get started online using our free, no-obligation tools.(02) 9279 4888 99 York StreetSydney NSW 2000Get...
Social Media as Evidence in Court Proceedings
It is becoming the 'bread-and-butter' in Family Court proceedings that parties use print outs of text messages, emails and social media posts in their Affidavits. One judge recently said in Court, "It never ceases to astound me how many litigants in [the Family Court...
THE MARGIN SCHEME – HOW DOES IT WORK
The margin scheme is an alternative way of calculating the GST payable when a seller sells a property as part of a business. The Margin Scheme can only be applied if the sale is a taxable supply. The amount of GST payable on property sales is generally one-eleventh of...
Franchisor fined $2.6 million for breach of Franchising Code of Conduct and Australian Consumer Law
On Friday 18 January 2019, the Federal Court of Australia imposed a $2,604,000 penalty against Ultra Tune Australia Pty Ltd (“Ultra Tune”) for breaching both the Franchising Code of Conduct (“Franchising Code”) and the Australian Consumer Law. The Court found on...
Are pharmacy regulators ‘cracking down’ on unregistered financial interests?
It has come to our attention that the Pharmacy Council of New South Wales (Council) is deferring consideration of applications for approval of change of ownership of pharmacies in certain circumstances. The Council is apparently taking the view that receipt and...
Modern Slavery Legislation: What business needs to know
The Modern Slavery Act 2018 (Cth) (“the Act”) received royal assent on 10 December 2018. The Act requires entities based or carrying on business in Australia, which have an annual consolidated revenue of more than $100 million, to report annually on the risks of...
What are your rights as a consumer buying gift cards this Christmas?
Earlier this year, the consumer protection laws regarding gift cards were amended to ensure that all gift cards redeemable in NSW did not carry unfair terms and conditions. The introduction of the Fair Trading Amendment (Ticket Scalping and Gift Cards) Act 2017 (NSW)...
Maximum penalties for breaches of the Competition and Consumer Act 2010 increased
The Treasury Laws Amendment (2018 Measures No 3) Act 2018 (Cth) (the Act) received royal assent on 31 August 2018, and commenced on 1 September 2018. The new penalties apply to acts, omissions or offences that occur on or after 1 September 2018. The Act amends the...
DOWNSIZER SUPER CONTRIBUTIONS
Commencing 1 July 2018, eligible persons aged 65 years or over who after 1 July, 2018, enter into a contract to sell a property they have owned for a minimum of 10 years will be entitled to contribute an amount of up to $300,000 from the sale proceeds into their...
THE FIRST HOME SUPER SAVER SCHEME
The First Home Super Saver (FHSS) scheme was introduced as part of the 2017-18 Federal budget. Commencing 1 July 2017, eligible participants have been able to make voluntary concessional (before-tax) and non-concessional (after-tax) contributions into their super...
INVESTIGATORY POWERS GRANTED TO THE ACCC AND ASIC OVER UNFAIR CONTRACT TERMS
The Treasury Laws Amendment (Australian Consumer Law Review) Act 2018 (Cth) (the Act) received royal assent on 25 October 2018, and therefore commenced on 26 October 2018. The Act introduces numerous amendments, including changes that enable the Australian Competition...
Automotive retail developments: New Car Fact Sheet and Updated Industry Guide
The New Car Fact Sheet As a result of the recent market study conducted by the Australian Competition and Consumer Commission (ACCC) of the new car retailing industry, the ACCC has released a fact sheet for new car buyers to receive at the point of purchase (the New...
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