Articles

INTRODUCTION On 1 January 2021, the Corporations Amendment (Corporate Insolvency Reforms) Act 2020 took effect. The Reforms introduced a new, simpler and cheaper process for debt restructuring of small businesses.   WHAT DOES IT MEAN FOR SMALL BUSINESSES? The new process allows eligible companies to continue trading in its ordinary way while a proposal for…

INTRODUCTION When you are signing documents on behalf of a company, in order for the document to be enforceable, the document must be signed correctly and the person who signs the document must have authority to sign on behalf of the company. In Australia, the Corporations Act 2001 (‘the Act’) sets out the rules for…

Government Response To The Report From The NSW Legislative Council Public Accountability Committee on Regulation Of Building Standards   On 30 October 2020, the New South Wales Government delivered its formal response to the Legislative Council Public Accountability Committee Final Report of 30 April 2020 on the Regulation of Building Standards, Building Quality and Building…

THE STATUTE OF LIMITATIONS Parliament makes laws by passing statutes. The Courts apply those laws to resolve claims. A statute law establishes the deadlines within which claims can be pursued in the Courts. For example, litigation to enforce contracts must be started within 6 years after a default. The legislation is designed to protect defendants…

INTRODUCTION TO THE RABA On Tuesday 1 September 2020, the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (RABA) will commence. The RABA is the latest in a raft of amendments to legislation governing construction law designed to provide greater regulation to the residential construction sector. The amendments appear to have been introduced…