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BLB NEWSLETTERS | BUSINESS LAW BRIEF
LATEST ISSUE - BLB Newsletter - March 2009
BUSINESS LAW
GOOD NEWS STORIES
It seems not a day goes by without seeing or hearing someone say something about all the doom and gloom going around and how the recession is now “official”.
But let’s just pause and ask ourselves, what makes it official? It seems like we’ve let the media run the show here.....
WHERE TO FIND FUNDS FOR YOUR BUSINESS DURING THESE CHALLENGING TIMES
Securing alternative sources of finance has rarely been more challenging or necessary as companies are increasingly trying to reduce spending and preserve capital yet remain competitive and achieve their business objectives. Funding options for SMEs have evaporated, as lending institutions have less capital to lend - or less capital they are willing to lend – resulting in escalating costs of borrowing for business....
FINANCIAL SERVICES
IF COMMISSIONS TOO TEMPTING, DON'T BAN - FIX!
The obvious constant between two of the biggest investment fund failures in the last few years, Westpoint and Storm Financial, was the high commission rates these products paid to financial planners. So if excessive commissions are likely to undermine the quality of financial advice available, we should not use a bludgeon to ban all commissions and affect the livelihoods of many good financial planners – but rather a scalpel to fix the problem...
DISPUTE MANAGEMENT
DIRECTOR PENALTY NOTICES ISSUED BY THE AUSTRALIAN TAXATION OFFICE
The Australian Taxation Office has the power to issue notices to directors of companies, where the company has outstanding taxation debts, principally under PAYG withholdings.
There is only 14 days for directors to act following the issue of a penalty notice. Read on for more details on the available options.....
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