Navigating the Legal Landscape: Directors’ Risks of Insolvent Trading
Directors of companies shoulder significant responsibilities, particularly in ensuring the financial health and solvency of their entities. However, when a company faces insolvency, directors must navigate a complex legal framework that imposes stringent obligations and liabilities. Understanding the risks associated with insolvent trading is paramount for directors to fulfill their duties effectively and protect their […]
Director Penalty Notices – Rights, Responsibilities, and Recourse
In the realm of corporate governance, directors play a pivotal role in steering the course of their companies. However, with such authority comes responsibility, including ensuring compliance with tax obligations. In pursuit of tax collection, the ATO often resort to Director Penalty Notices (DPNs) as a means to hold directors personally liable for certain tax […]
A Robber is Running the Bank, and the Sheriff of Nottingham says it’s not Robin Hood!
A Robber is Running the Bank, and the Sheriff of Nottingham says it’s not Robin Hood! Wage theft is a hot topic, because generally speaking, it’s not as if the poor are robbing the rich to give back to the poor. With news just in, CBA and CommSec have suffered a record $10 […]
Conditional Certificates of Practical Completion
Is your Certificate of Practical Completion what you think it is? We have seen instances where Superintendents have purported to issue ‘conditional certificates of practical completion’. Such that while the majority of the criteria of practical completion as defined in the contract has been achieved but for whatever reason not all the criteria has been […]
What is a scope of Works
The Scope of Work Definition in Construction The scope of work might be the most important part of a construction agreement – even more important than the price. The scope of work in construction is the list of construction obligations, as well as work activities that all contractors, subcontractors, and suppliers are obligated […]
Paid when Paid provisions
What are paid when paid provisions and how are they relevant in the construction industry? The Problem Delays in payments are endemic in the construction industry all over the world. With global reports concluding that the construction industry is most affected by delays with 65% of stakeholders having experienced delayed payments. Extensive research […]
How to make sure your Payment Claim is Valid
Is your payment claim valid? Below are questions you should be asking to ensure your payment claim is valid: Am I covered by the Act? The Building and Construction Industry Security of Payment Act 1999 (“SOP Act”) applies to the majority of construction contract, whether written or not, for construction work carried out […]
Minimum Wage Increase and other Super Changes – 1 July 2023
Minimum Wage Increase and other Super Changes – 1 July 2023 Each year, the government changes its fees and charges, and statutory thresholds and caps, effective with the start of the new financial year. For example, ASIC has increased company and business name fees from 1 July 2023 – you can find more details here. […]
Minimum Wage Increase and other Super Changes – 1 July 2022
Minimum Wage Increase and other Super Changes – 1 July 2022 Minimum Wage Increase As of 1 July 2022, the National Minimum Wage increased by $40 per week (or 5.2%) to $812.60 per week or $21.38 per hour. Award minimum wages increased by 4.6%, with a minimum increase of $40 per week for adult […]
In a Bind to Get Out of a Bind – The Importance of Binding Death Benefit Nominations
In a Bind to Get Out of a Bind – The Importance of Binding Death Benefit Nominations There is no time like now to be reminded that you cannot leave your Superannuation death benefits to chance. Even if you make a superannuation death benefit nomination, your super fund might not pay it as you […]