Articles

Posted Nov 24, 2021 The Payment Times Reporting Scheme Guide

INTRODUCTION Slow payment is a significant problem for Australia’s 3.5 million small businesses. The inability to fund the shortfall in cash flow due to late payment is a contributing factor in insolvency. Normalising a 30-day payment cycle is estimated to have an estimated net annual benefit to the economy of $313 million per year. The…

Read
Posted Nov 17, 2021 Electronic Documentation: Implications for Security of Payment

INTRODUCTION There is now a substantial body of Australian and overseas case law that supports the use of electronic communication in both statutory and contractual contexts. In this informative E-book, Kreisson has partnered with Payapps to unpack the Australian legislation regarding electronic communications and their impact upon the operation of the Security of Payment Act…

Read
Posted Oct 27, 2021 THE MARKET IS WATCHING” MODERN SLAVERY STATEMENTS UNDER THE MICROSCOPE
Read

Written by Johnathan Glinatsis & David Glinatsis   THE MODERN SLAVERY ACT (CTH) The Modern Slavery Act 2018 (Cth) (“the MSA”) introduced a requirement for major entities operating in Australia to annually submit a Modern Slavery Statement. At its most basic level, the Statement must identify key risks of modern slavery within the reporting entity’s…

Read
Posted Oct 07, 2021 DECENNIAL LIABILITY INSURANCE; BLOCKCHAIN AND INDUSTRY RATINGS – PROPOSED REFORMS TO ADDRESS BUIDING DEFECTS
Read

INTRODUCTION As part of a series of reforms to the residential building sector; the NSW Government is considering the introduction of a Decennial Liability Insurance defects scheme to protect apartment owners ten years after the completion of buildings. This is in addition to other data-based initiatives by the NSW government utilising blockchain and industry ratings…

Read
Posted Sep 29, 2021 When Does A Contract Become Binding?
Read

Written by Emilee Clark The starting point to determine whether a contract is binding is to establish whether there is a common consensus between the parties to create a binding contractual relationship. However, the expression of an intent to create a legally binding relationship is not always found in the form of a formal written…

Read