Insights from Williams + Hughes
Keeping your financials “off the record”: from 1 July 2019 fewer companies need to lodge their financial accounts with ASIC

Recent changes to the Corporations Act 2001 remove the need for many companies to lodge annual financial accounts with ASIC. With effect from 1 July 2019, the criteria in the Corporations Act 2001 for classification as a “large proprietary company” have been changed. The revenue, asse...

Minimum wage increase to apply in Australia from 1 July 2019

All employers should be aware of the Fair Work Commission's (FWC's) decision regarding the 2018/2019 annual wage review. The FWC announced a 3% increase from the first full day period on or after 1 July 2019 to the: national minimum wage which will increase to $740.80 per week or $1...

Peanut Butter Battle of Jars and Trade Marks

Peanut butter is big business in Australia.  In 2017 the Australian peanut butter market was worth $110 million in annual sales. A brand recognisable to many Australians - Kraft peanut butter - has been available for purchase in Australia since 1935. The Federal Court recently handed down ju...

The ACCC is targeting the Australian Wine Sector- winemakers must update their supply contracts with growers

On 3 June 2019 the Australian Competition and Consumer Commission (the ACCC), Australia's competition and consumer protection regulator, released an Interim Report drawing attention to harmful market practices that could be restricting competition in some Australian wine grape growing region...

New laws imposing mandatory requirements for businesses that supply services: your T&C’s and website must be updated by 9 June 2019

Recent amendments to the Competition and Consumer Regulations 2010 impose new mandatory wording requirements in relation to the supply of services and also the supply of goods in combination with services. The new requirements take effect on 9 June 2019. Failure to comply with the ...

Security of Payment Reform in the Western Australian Building & Construction Industry

On 31 October 2018, the State Government’s Industry Advisory Group published its report on ‘Security of Payment Reform in the WA Building and Construction Industry’. The Report was a response to recent high-profile corporate collapses in the building and construction industry su...

Work Health & Safety Update - Increased Penalties Passed in Western Australia

On 3 October 2018, the Occupational Safety and Health Act 1984 (WA) and the Mines Safety and Inspection Amendment Act 2018 (WA) (collectively the Acts) came into effect, which significantly increased the current penalties for work health and safety offences in Western Australia.  The ne...

A general introduction to Safe Harbour

What is safe harbour? A common fear for directors when a company is insolvent or nearing insolvency is their personal liability for debts incurred by the company, if the company continues to trade and then ultimately goes into liquidation.  This can lead to the pre-emptive appointment of a v...

Developers and landlords can release their breath – performance bonds and guarantees remain enforceable

In a decision that would otherwise have had serious ramifications, not only in the construction industry but across other industry sectors such as commercial leasing, developers successfully enforced performance and maintenance bonds where the paying financier tried to dodge payment on the basis of ...

Sabacc Strikes Back: Disney’s Latest Star Wars Dispute

US entertainment monolith Disney is once again flexing its legal muscle in order to protect its evergreen Star Wars brand. This time, the dispute is over a concept that was introduced within the story of its Star Wars movies, called “Sabacc”. This obscure Star Wars indicia was first refe...

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