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As the new financial year rapidly approaches, our experts outline key changes that take effect from 1 July 2017.

The Franchise Council of Australia has responded in detail to the thorough and quite extensive recommendation of the recent franchising inquiries in Western Australia and South Australia as a precursor to preparing its submission to the proposed Federal Government inquiry into franchising.

A decision by the Federal Court in the Metcash and Franklins case.

An audit of your legal position can prepare you for a successful year and help minimise risks to you and your business.

For now, the handwritten signature remains the usual and accepted method for companies to sign formal legal documents.

Discussion of Garuda Aviation Pty Ltd v Commonwealth Bank of Australia [2012] WASC 115.

A liquidated damages, or LD, clause will commonly feature in a contract involving the delivery of a good or service within a stipulated time frame and will be activated when delivery is late. However, it can also be used for other breaches. It is a powerful contractual mechanism, but needs to be drafted correctly in order to be effective

Best practice in these four areas, or a focus on continual improvement, will do wonders to ensure business longevity.

The International Organization for Standardization has now published the standard for compliance management systems.

The National Business Names Registration System should commence on 28 May 2012 and will replace the state based systems.

In brief - Listed companies now need a trading policy From 1 January 2011 listed companies are required under ASX Listing Rule 12.9 to adopt a trading policy. Trading policies are designed to reduce the potential for conflicts of interest and insider trading.

Education now ranks 3rd in an overview of the major categories with the most significant price rises.

The NRF Institute has developed a regulatory compliance consulting hub, to keep businesses up to date on key issues.

Major organisations are becoming both more sensitive to reputational risk and more willing to identify its key drivers.

The Takeovers Panel has provided some clarity for issuers, underwriters and shareholders where a rights issue may have an impact on control.

Single Touch Payroll is a new system for employers to report employee tax and superannuation information to the ATO.

The article includes examples of initiatives some clients have taken to make their businesses more socially responsible.