The Federal Government has released a draft bill which proposes to strengthen the unfair contract terms regime by expanding the scope of its application and introducing significant penalties for contravention. In this article, Richard Suters, Principal of the Corporate & Commercial team, discusses the proposed changes and what it will means for businesses if they are implemented.
With the upcoming holidays and the easing of travel restrictions, property owners who use their property as a short-term rental accommodation need to be aware of the new rules that came into effect on 1 November 2021.
In response to the economic impacts of COVID-19, the Federal Government introduced measures to act as a safety net to assist businesses in surviving the crisis and returning to normal business operations. As a result, many creditors have withheld from chasing payments for debts that are now well and truly overdue. In this article, Susan Moran, Principal of our Dispute Resolution and Litigation practice, explores how a statutory demand can be used to recover money owed.
Recent temporary amendments to the Corporations Act 2001 (Cth) allow companies to execute documents (including deeds) electronically and also for split execution under section 127 of the Corporations Act 2001 (Cth). These amendments are temporary but will hopefully form the basis of permanent reform in the future.
COVID-19 is causing havoc and creating volatility with supply chains, labour availability and project scheduling. In this environment, it has never been more important for parties to be on top of the management of their contracts. Now is not the time to be relying on the relationship and not reading the contract.