ASIC has released updated guidance clarifying how companies and registered schemes can conduct virtual and hybrid shareholder meetings, reinforcing that shareholders attending meetings virtually must have an equal opportunity to participate.
Read MoreEarlier this year, the ACCC conducted a sweep of more than 2,000 Australian retail websites and found that some businesses had return policies and website terms and conditions that potentially contravened the law.
The ACCC issued several warnings to businesses to change their policies, terms and conditions.
Read MoreThe Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 (Bill) has been passed by Parliament. The Bill overhauls Australia’s anti-money laundering and counter-terrorism financing regime, and extends the regime to certain 'high-risk' services provided by lawyers, accountants, trust and company service providers, real estate professionals, and dealers in precious metals and stones.
Read MoreA recent case in New South Wales has highlighted an important payroll tax risk for businesses operating through related companies. The decision in Chief Commissioner of State Revenue v E Group Security Pty Ltd (No 2) [2022] NSWCA 259 demonstrates how arrangements within corporate groups can trigger payroll tax liabilities under the Payroll Tax Act 2007 (NSW).
Read MoreNot-for-profits entities with an ABN which are eligible to self-assess as income tax exempt will be required to submit an annual self-review return with the ATO, commencing from the 2024 income year. The 2024 annual self-review return must be lodged by 31 October 2024.
The new reporting regime was introduced to enhance integrity in the tax system and ensure that only eligible NFPs are entitled to income tax exemption.
Read MoreA cumulative fine of $33.5 million and criminal convictions and fines imposed on the CEOs have been recently handed down by the Federal Court following criminal cartel conduct.
Read MoreEmployees will have the right to disconnect from work outside normal working hours, after amendments to the Fair Work Act 2009 (Cth) were recently passed.
Importantly, nothing in the new law suggests that an employer cannot contact an employee outside of their normal working hours. Rather, the amendments mean employees may refuse to monitor, read or respond to contact, or attempted contact, from an employer or third party outside of the employee’s working hours unless the refusal is unreasonable.
Read MoreFrom 9 November 2023, changes to the Australian Consumer Law (ACL) will impose heavy penalties on businesses proposing, using, or relying on unfair contract terms in standard form contracts with consumers and small businesses. Businesses need to review their standard form contracts now and remove any unfair contract terms to avoid substantial penalties.
Read MoreOn 14 August 2023, the Federal Court ordered Dell Australia Pty Ltd, a wholly owned subsidiary of US-based technology provider Dell Technologies Inc, (Dell) to pay a $10 million penalty for making misleading representations on its website about discount prices for add-on computer monitors.
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