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 …
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What is PAYG withholding?
At the end of each financial year, many business owners struggle to comprehend how to process the many elements of both their company and employees’ taxes. For this reason, it is essential that employers utilise PAYG withholding, an accurate system which …
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 …
What does ‘without prejudice save as to costs’ mean?
Where does the phrase ‘Without Prejudice Save as to Costs’ come from? “Without prejudice” can be one of the most abused and misunderstood legal phrases, but it is also a vital legal tool designed to assist parties in settling their disputes …
A Guide to Calderbank offers
A Calderbank offer is an extremely useful settlement tool used by solicitors when attempting to resolve a dispute. Although it may seem simple, Calderbank offers can become quite complex and involve many factors when both drafting and considering whether to accept …
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 …
Is there a difference between part-time and casual employment agreements?
Having appropriate employment agreements in place is vital to ensure that your business understands employee entitlements and is compliant with the Fair Work Act 2009 (Cth). For example, casual employees and part-time employees are prescribed very different entitlements under the Fair …
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 …