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LATEST NEWS
Illegal Phoenixing: Where to report it
In October last year, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2019 came into effect to target illegal phoenixing. Its’ rationale was to reduce ‘phoenix activity’, (where a deliberately liquidated company creates a new company in order to...
Corporations amendment regulations increase defined size of large Proprietary Companies
The recent Corporations Amendment (Proprietary Company Thresholds) Regulations 2019 increased the thresholds for determining whether a company is a large or small proprietary company for a financial year. This is an important alteration to the previous regulations,...
What is Restraint of Trade in an Employment Contract?
A restraint of trade in an employment contract refers to a clause applying typically when an employee leaves a business or company; it applies to post-employment. Essentially, it is an agreement that an employee will not do certain things against their employers’...
