Tag: australian business

What are Shadow directors?

In the modern day, companies are complex entities with intricate corporate governance mechanisms. However, as companies become larger and more complex, authority and control of the company tends to be delegated throughout the company. Company’s should be cautious in these circumstances …

Quoting without GST & What is exempt from GST? 

We hear all about goods being charged with GST at the checkout, but what is it? It’s pretty simple, the Goods and Services Tax (GST) is an additional 10% tax which applies to most goods and services. Businesses may face some …

What is an “in Specie Transfer”?

In specie transfers are quite difficult to comprehend if you have no prior knowledge of shares or the transfer of assets. This blog post will provide you with all the information you need to know about engaging with in-specie transfers.  What …

What are Replaceable Rules in the Corporations Act?

If a company does not wish to have a constitution, they have the option of using replaceable rules. Replaceable Rules refers to a provision of the sections and subsections of the Corporations Act which are designated under section 135 of the Act …

How long does an enterprise agreement last?

Enterprise Agreements (otherwise known as Enterprise Bargaining Agreements) , can seem  complex in the beginning, but often it is simpler and more efficient in the long term. As each Enterprise Agreement can be tailored to meet the needs of a business, …

How to negotiate a commercial retail lease

What can be negotiated? When it comes to negotiating a commercial lease agreement, the first question you need to ask yourself is, is it worth negotiating in the first place.  If yes, then now you have an opportunity to negotiate better …

What is a tender?

Tenders, in general terms, are a formalised offer to perform for in return for payment for the supply of goods and/or services. In order to win a tender, you should be aware and understand the tendering requirements and processes to determine …

What is the difference between an agreement and a deed?

There is a common misconception that the words ‘agreement’ and ‘deed’ are interchangeable, as they often do not realise there is an important difference between the two. In simple terms, a deed is similar to an agreement, however, a deed does …

What is an enterprise agreement?

What is an enterprise agreement? If you are an Australian business owner with employees, you should be aware of relevant industry Awards that apply to your staff that set out minimum wages, leave and other entitlements. Entering into an enterprise agreement …