The ATO’s booby trap exposed
The ATO runs a record keeping hustle which you are already on the wrong side of. However, if you know about it you can, at least, not be surprised when it happens. A bit like knowing that you will probably get your pocket picked in Rome. It might happen…
What is GDPR and do I need to care about it?
The European Union has introduced a General Data Protection Regulation (the GDPR). It is the EU equivalent of the Privacy Act and the Australian Privacy Principles.
The GDPR came into force on 25 May 2018.
The GDPR is about privacy and data protection. It is about the “personal data” of…
Defending Unfair Preference Payment Claims From Liquidators
Not many people know that they could also be on the hook if one of their customers goes into liquidation. Liquidators have broad powers to recover payments made by companies under liquidation to their suppliers. The most common way liquidators may seek to recover money from a supplier is by…
Starting A New Business? Consider These 8 Points Before You Do
You’re excited. You’re about to embark on a wonderful new opportunity – you’re starting a new business with a new business partner. You feel hopeful and optimistic. Nothing can go wrong, right? But things can and do.
Business relationships, like all relationships in life,…
Are Directors Personally Liable For The Debts Of An Insolvent Company?
A company is a separate legal entity and has its own properties, duties and rights. The company can own and sell property and other assets, sue and be sued and enter into contracts in its corporate name. This means that the company’s debts…
How To Respond To A Statement Of Claim Or Debt Collector
You are probably reading this because you were served with a statement of claim or served court papers by a process server.
Usually mail is unwelcome – ads or bills – but this takes it to the next level.
It seems people are quick to…