Corporate Advisory Archive

Privacy Act changes – deadline looms

Businesses need to prepare now for changes to the Privacy Act that take effect from 12 March 2014.  Businesses that fail to update their privacy policies and practices will very likely find themselves in breach of the Privacy Act, potentially resulting in fines and orders to pay compensation, and possibly adverse publicity. All businesses with […]

PPSR – time is running out

Businesses need to register by 29 January 2014 to obtain the benefit of the “Transitional Perfection” protection under the Personal Property Security Act.  If your business has interests created prior to 30 January 2012 under:   leasing and hire arrangements (eg if you are the lessor of equipment); retention of title supplies (eg if you are […]

New laws set traps for unwary retailers, manufacturers and importers

Many businesses may not be aware of recent changes to the law that strictly mandate the content of warranties against defects given by businesses to consumers. Under the new Australian Consumer Law (ACL), businesses that provide defect warranties that do not comply with the new rules will face hefty penalties.

This information brief explains some of the rules covering warranties and repairs of consumer goods and what documents you might need to review to ensure your business complies with the ACL.

When is a discretionary bonus not discretionary?

Broadly speaking, granting Power of Attorney to another person (grantee) gives the grantee the right to act on behalf of the person who grants the ‘Power’ (grantor). These rights include the power to sign documents on behalf of the grantor. Between family members (particularly between spouses and life partners), Powers of Attorney assist in circumstances […]

Major changes affect employers

A number of important changes introduced by the Fair Work Act 2009 could significantly impact small and medium businesses.  Two recent changes provide new entitlements to employees with children which could have ramifications for your business and staff management. Under these changes brought in by the Fair Work Act 2009, effective 1 January 2010, employees […]

Sex files & summary dismissal

A recent decision has highlighted the need for employers to have robust internet and computer use policies in place. In a recent Victorian County Court decision, an employee, Keith Watson, sought damages against his employer, Swatch Group (Australia) Pty Ltd, for distress as a result of allegedly being directed to engage in price fixing against […]