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Various jurisdictions in the Pacific are undergoing law reform in the corporate law field. In most instances the redrafting of previously outdated legislation goes hand in hand with updating the manner in which corporate documents are held and retrieved at the various companies offices’ registries.

Perhaps the best known provision in the Commonwealth <I>Trade Practices Act</I> 1974 (TPA) is section 52, which provides that "a corporation shall not, in trade or commerce, engage in conduct that is misleading or deceptive or is likely to mislead or deceive". Section 52 established what has been described as a new norm of conduct for Australian commercial activity and has given rise to literally thousands of reported cases. It has had what in retrospect is a quite dramatic impact on Australian

An accountant sued after using client data from their previous firm was forced to pay damages to their former employer.

A board or committee member of any organisation has a duty to always act with reasonable care, skill and diligence.

Since 2005 financial year, ASIC has tracked the most common causes of business failure.

The Third Plenum's has recognised the significance of a vibrant private sector to the Chinese economy.

Ensuring employees are properly managed in the purchase or sale of a business is critical to the success of the transaction.

Since we reported on the introduction of Australian modern slavery legislation in August 2018, there have been a number of developments.

This amendment bill will introduce a new regulatory framework to facilitate crowd-sourced equity funding in Australia.

Businesses will only register their business names once on the National Register, instead of separate registrations.

A free (and optional) super clearing house service is now available to small businesses with less than 20 employees to help them meet their super guarantee obligations.

If service is not in compliance with the strict requirements of the relevant legislation, any ensuing adjudication determination will be quashed.

Good due diligence does not begin with the disclosure document, even though that is where most prospective franchisees expect to start. The disclosure document is a legal entitlement and the most detailed source the franchisor provides, but you do not receive it until discussions are well advanced. There is public information you can gather well before it arrives, and the picture is only complete once you have spoken to people already in the network.

Perfecting a security interest under the Personal Property Securities Act 2009 (Cth) (PPSA) is critical step for a secured party to ensure its security interest is not just enforceable against the grantor of the interest, but also against third parties. Perfection can occur by one of three ways: possession, control or registration on the PPS Register.

If you are buying or selling a business you should be aware of the new privacy law reforms and how they impact on the due diligence process which is conducted to enable buyers to examine the business of the seller.

This program provides $5,000 funding to support Qld businesses wanting to increase core skills and adopt best practice.

Pharmacy owners should take advantage of the long lead time for the Act to come into force by preparing now.