Financial & Professional Services

PPSA: DID YOU KNOW? Part 2

The PPSA regime has been operating since 2012, yet credit professionals, insolvency experts and legal practitioners alike are still trying to decide whether it’s a blessing or a curse. If you thought you were an expert by now, we recently shared some interesting points here in our PPSA: Did You [...]

PPSA: DID YOU KNOW? Part 1

It seems like there is never ending content on the PPSA out there. It could be easy to feel as though you have read it all, seen it all and know it all. A few weeks ago, we teamed up with CreditorWatch as part of their PPSA series to show [...]

Don’t Gamble With Your Reputation – What The OAIC Report On Notifiable Data Breaches Tells Us

Want to see something truly shocking? Click here to check out a map that shows you global cyber-attack threats in real time happening NOW.  There was a time when a person’s personal information was limited to name, address and date of birth (anything that could identify a person). In today's complex [...]

How About Dem Potatoes? You May Need Fries With This.

Our regulators often get criticised for not being proactive when it comes to looking after those businesses in a vulnerable position due to a lack of bargaining power. Well, the ACCC has quickly moved to give one company an intended roasting for some of its unfair contract terms. Let’s quickly chip away [...]

Banking Behaviour Boils Over: A royal reminder of Director’s Duties

It’s a well-known fable - a frog will immediately jump out of boiling water when suddenly dropped into it; but when gradually heated from tepid water, a frog becomes accustomed and boils alive. We’ve seen several “boiled frogs” at the Banking Royal Commission in recent weeks, with the grilling of [...]

The Paradox of a Bad Debt – Five Fun Facts

It's that time of year (again) when you have to decide whether you should “take the hit" and write-off that bad debt and (subject to complying with ATO requirements) claim a deduction OR keep chasing the debtor. You can do both of course, but often once the debt is off the books and not [...]

Seven Simple Steps to Gear Your Business for Success in 2017

We all start the new year with the usual well-intentioned resolutions (lose weight, get fit, find love…) but after a few weeks (or, sometimes, hours) we are back to our old habits. In 2017, more than any other year, the outlook both nationally and globally is uncertain. Will the Turnbull Government’s one seat majority [...]

True Lies – Will a Warranty Help Me?

An issue with the Australian Consumer Law ("the ACL") and warranties is that it may catch out some Companies that could be deemed to be selling to "Consumers" even though they only supply on a business to business basis. Here's how it works. Section 102 of the ACL and Regulation 90 of the Competition and [...]

Sign Here – Pen… Meet Paperless

We all knew that the internet would cause profound change in so many areas of our lives. Signing electronically is just one of those many changes with yet more to come. There is a difference between a digital signature and an electronic signature. An electronic signature is often nothing more than a digital image of [...]

Privacy Amendments & Your Privacy Policy

The Privacy Amendment (Enhancing Privacy Protection) Act 2012 (“the Privacy Amendments”) came into effect from 12 March 2014, which introduced new Australian Privacy Principles (“the APPs”) applicable to the private sector and government agencies. The APPs regulate the handling of personal information, and governs the requirement for entities to manage personal information in a transparent [...]