As a business owner, it’s important to recognise the value that shareholders can bring to your business. Currently in Australia, the Corporations Act 2001 (Cth) s 181(1) states that directors and other officers of a corporation must exercise their powers and discharge their duties: a) in good faith in the best interests of the corporation; and...
In New South Wales, there are currently an estimated 653 retirement villages run by around 267 operators. According to data obtained from the Fair Trading’s Inquiry into the NSW Retirement Village Sector Report, retirement villages in NSW and the ACT are “home to over 55,000 residents with an average age on entry of 75 years,...
Mergers and acquisitions are, by their very nature, a complex legal process. Therefore, before considering embarking on an M&A, it is critical that you engage the services of an experienced M&A Lawyer. Because the process of merging with, acquiring or selling a business is vastly different to other areas of law, the factors you consider...
According to the recent case of Voller v Nationwide News Pty Ltd [201] NSWSC 766, the answer is potentially yes. Background Dylan Voller was a former detainee of the Don Dale Detention Centre in the Northern Territory. He became well known after the Royal Commission into the Protection and Detention of Children in the Northern...
When the Australian Privacy Principles interact with Directions to Employees The recent decision of Lee v Superior Wood Pty Ltd [2019] FWCFB 2946 is a controversial one and is a timely reminder for employers of their obligations when collecting employee personal information. Background Superior Wood operates two sawmills in Queensland. Lee was employed as a...
“I always stand by my word.” “I’ve been doing business with Bob for 15 years. We’ve never had a problem that we couldn’t sort out over the phone.” “It’s simple. “There’s no room for confusion.” “We didn’t have time.” “We don’t worry about that in our industry.” We commonly hear these sorts of explanations as...
Protecting your reputation starts with simplifying the complex. This handy checklist should quickly point you in the right direction and help you understand whether you have a case, and where to start to secure the best possible outocme.
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