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BLB NEWSLETTERS | BUSINESS LAW BRIEF
LATEST ISSUE - BLB Newsletter - October 2009
BUSINESS LAW
GOOD NEWS STORIES - OCTOBER 2009
We hope you enjoy this month's Good News Stories.
NEW RULES FOR TRANSFER OF BUSINESS UNDER THE FAIR WORK ACT
The Fair Work Act which came into force on 1 July 2009 substantially changed the rules in regard to the transfer of a business and the employment entitlements of transferring employees.
FINANCIAL SERVICES
ACCOUNTANTS WHO HELP PHOENIX ACTIVITY LIABLE TO PROSECUTION
Accountants and other professional advisers need to be aware that the Australian Securities & Investment Commission has recently enjoyed success in the New South Wales Supreme Court by successfully charging a solicitor for aiding and abetting violations of the Corporations Act by engaging in illegal Phoenix Activity.
ESTATE PLANNING
SUCCESSION PLANNING – GOOD NOW, BETTER LATER
Apparently the average age of family business owners in Australia is over 55 and two-thirds of those businesses will change hands over the next 10 years. Succession planning is a very important way to ensure the efficient transfer of these businesses at the best price possible.
LIFE’S TOO SERIOUS
PHONE CONNECTION
Bruce grew up in Wagga Wagga, an average town in NSW but then moved away to attend university and Law School. When finished with his studies, he decided the time had come to move back to Wagga Wagga. He really wanted to impress everyone, so - he returned and opened his new Law office
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