From 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 MoreAll directors of Australian or registered foreign companies under the Corporations Act 2001 will now need to apply for a director identification number (DIN), as administered by the Australian Business Registry Services.
Read MoreThe temporary relief which allowed companies to hold meetings virtually during the COVID-19 pandemic lapsed on 21 March 2021. While it was anticipated that Parliament would extend those measures, this has not happened.
Read MoreThe temporary COVID-19 measures that modified the Corporation Act 2001 (Cth) (Corporations Act) to allow for the electronic signing of documents and split execution under section 127 of the Corporations Act 2001 (Corporations Act) by companies have expired.
Read MoreThe Australian Securities and Investments Commission (ASIC) has published COVID-19 and financial hardship: ASIC's expectations of retail lenders when loan repayment deferral ends, outlining its expectations of lenders when the 6-month mortgage deferrals introduced at the start of the COVID-19 pandemic expire.
Read MoreOn 12 June 2020 the Federal Government passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Bill). This Bill establishes a new lifetime registration regime for directors, under which every director is assigned a unique identifier known as a Director Identification Number (DIN) that will remain with that individual for all directorships.
Read MoreOn 15 April 2020 the NSW Government announced a complex moratorium on residential tenancy evictions (Moratorium).
Read MoreCommercial tenants unable to pay rent and landlords unable to meet mortgage repayments, many are suddenly finding themselves in an unexpected dilemma
Read MoreFrom 1 July 2019, the financial reporting thresholds for ‘large’ proprietary companies have increased. A proprietary company will be considered ‘large’ if it meets the new criteria conditions.
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