Small Business, Commercial Contracts Harwood Andrews Small Business, Commercial Contracts Harwood Andrews

Announcement to small businesses: Draft legislation to protect small businesses against unfair contract terms published

The Government released draft legislation yesterday in relation to extending the unfair contract term protections to small businesses. 

Once the legislation has been passed, a court will have the ability to declare an unfair term in a standard form small business contract void. Under the proposed legislation, a contract will be a small business contract if:

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Not For Profit, Commercial Contracts, Tax Harwood Andrews Not For Profit, Commercial Contracts, Tax Harwood Andrews

1,400 ACNC Charities face deregistration and loss of tax concessions

The ACNC have announced that up to 1,400 ACNC registered charities face deregistration unless they lodge their Annual Information Statement (AISby 30 March 2015. Each of these charities has failed to lodge their AIS for 2 consecutive years.  If deregistered, they will no longer be eligible for charity tax concessions including income tax, fringe benefit tax and GST.

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Commercial Contracts Harwood Andrews Commercial Contracts Harwood Andrews

Your Standard Terms & Conditions Must Be Fair & Reasonable – The ACCC Takes Action Against Europcar

The ACCC is continuing to crack down on unfair contract terms and has instituted Federal Court proceedings against CLA Trading Pty Ltd trading as “Europcar Australia” (Europcar) that could see refunds to consumers who have paid Europcar money pursuant to the specific contract terms that are currently under the scrutiny of the Court. 

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Privacy, Commercial Contracts Harwood Andrews Privacy, Commercial Contracts Harwood Andrews

Are you in Breach of the Privacy Act?

On 12 March 2014, significant changes to the Privacy Act 1988 took effect that included the introduction of a more comprehensive credit reporting system, and the introduction of a set of Australian Privacy Principles, which set out the standards, rights and obligations in relation to the collecting, handling, holding, access and correction of personal information.

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Commercial Contracts Harwood Andrews Commercial Contracts Harwood Andrews

Beware of Sham Registrations on the Personal Property Securities Register

To register a security interest on the Personal Property Securities Register (Register), there is no requirement to file the underlying agreement that creates the security interest.  Accordingly, the Personal Property Securities Registrar cannot determine whether or not a registration is justified simply on the face of the details inputted into the Register. This therefore opens the Register up to abuse by the lodgement of sham registrations. 

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