The ACCC has again displayed its appetite for enforcing the law when it comes to unfair contract terms.
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Do you have residential property held in a company or a unit trust and you don't want to pay the foreign person land tax or duty surcharges? - read on…
While there has been a lot of focus from law firms on the need to amend trust deeds for discretionary trusts that own residential land in NSW, little attention has been paid to the impact of the measures on a company or unit trust where a discretionary trust owns shares or units in the company or unit trust.
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On 7 September 2020, the Australian Government announced that the temporary insolvency relief measures introduced on 24 March 2020 would be extended until the end of the year.
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Managing the balance between freedom of expression and the right to protect a person's reputation has been an ongoing battle for centuries, with many varied approaches having been taken across different jurisdictions. The digital age has raised new and complex issues – can an emoji be defamatory, for example.
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The Coronavirus Economic Response Package (JobKeeper Payments) Amendments Bill 2020, dubbed "JobKeeper 2.0", is set to drastically cut the number of businesses eligible for the JobKeeper wage subsidy, when it takes effect from 28 September 2020. After last minute changes to the JobKeeper 2.0 legislation, passed last week, newly-ineligible employers will maintain access to some workplace flexibility measures.
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The 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.
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On 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.
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On 21 July 2020, the Commonwealth Government announced that the JobKeeper measure will be extended by a further period of 6 months. Dubbed "JobKeeper 2.0", the 2-tiered, watered-down JobKeeper extension will apply from 28 September 2020 to 28 March 2021.
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This week the ATO will be sending reminders to employers that the superannuation guarantee amnesty ends on 7 September 2020.
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