A company served with a formal demand for payment of a debt, known as a creditor's statutory demand, has three options to avert insolvency action being taken. The first thing a company can do is to …
Business & Commercial
The Validity of Unfair Terms of a Contract
In 2010 the Trade Practices Amendment (Australian Consumer Law) Act (No. 1) 2010 (Cth) came into operation to address unfair contract terms in consumer contracts. How does it apply? The law applies …
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Value Shifting
The Australian Taxation Office, in its most recent Compliance Focus, has flagged that it is on the lookout for value shifting. If you own shares in a company or interest in a trust, you may be …