Employers must comply with the legal responsibilities outlined when dealing with an employee summoned for jury duty, or they could face penalties of up to $50,000. When an employee gets summoned for jury duty, it can stress the workplace as other staff take on extra work. As an employer, you’ll likely want to avoid the…
While receiving money from a family member who has passed away can sometimes be quite handy for those facing cash-flow issues, managing an inheritance is more often an emotional, financial challenge. Not only do individuals have to cope with the grief of losing someone, but they also face making crucial decisions regarding the deceased’s finances,…
Having unpaid invoices can be an unpleasant side effect of business, impacting your cash flow and leaving an unpleasant impression on your debtor’s reputation. If they fail to pay or satisfy the debt, you may be able to ‘collect’ it. However, there are numerous legal obligations that you need to be aware of if this…
Dealing with the death of a parent comes with legal and financial obligations that need to be addressed, such as dividing up the assets of an estate. This can often cause sibling disputes over a Will, which may result in lengthy and expensive legal proceedings. When an estate is split between children, disputes can arise…
Businesses have specific obligations under Australian Consumer Law (ACL) regarding refunds, returns, guarantees and warranties. It is important that a business’s refund policy comply with ACL. All businesses have a legal responsibility to consumers. Concerning the sale of goods, these include guarantees that the goods: are of acceptable quality are fit for any disclosed and/or…
A partnership agreement formalises the business relationship between two partners. It can cover everything from low-level processes up to how dispute resolution will take place in the business. Business partners are personally liable for the business in a partnership, therefore, determining the finer details is extremely important and can prevent complications. The agreement will help…
In the event of your death, do you have a current and updated will that conveys what is left and to whom? Your Will is a legal document with instructions for who you want to inherit your estate, care for your children and be the executor of your estate. If you are thinking about writing…
Avoid leaving your business’s future in the dark by understanding your rights when your lease is up for renewal. A retail or commercial lease is a legally binding contract between a landlord and a retail shop tenant that allows the tenant to use the landlord’s property in return for rental payments. Renewing or terminating your…
Flexible working arrangements may seem like a natural progression in the business world amidst the changed norms of office and remote work, but knowing when you have the right to request flexible working arrangements can be tricky. What Are Flexible Working Arrangements? Simply put, flexible work arrangements are alternate arrangements or schedules from the traditional…
The legal and financial expertise of these professionals can help businesses to grow and succeed. At times, they can even help business owners like you avoid hefty fines or severe legal consequences. Both legal and financial professionals and their services guarantee the health and well-being of your company. There are even instances when they intersect,…