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BLB NEWSLETTERS | BUSINESS LAW BRIEF
LATEST ISSUE - BLB NEWSLETTER - JANUARY 2010
BUSINESS LAW
WHEN WILL AN OFFER AUTOMATICALLY LAPSE?
Offer and acceptance are the basis of our contract law. For a contract to exist you must have both of these (among other things). In business, offers are made all the time, generally with the intent of creating contracts if they are accepted. So what happens if circumstances change dramatically before the offer is accepted?
FINANCIAL SERVICES
FOS BEATS RIPOLL IN RAISING THE STANDARD
I love the FOS Determination 18959, also known as the Basis Capital Case. Determination 18959 came as somewhat of a shock to the industry in the way that it outlined a higher standard of care required of financial planners than many thought was the case. It did so six months before the Ripoll Inquiry purported to do so.
SUPERANNUATION
SMSF QUICK NEWS
A brief overview of changes and news for Self Managed Super Funds (SMSFs).
ESTATE PLANNING
COURTS WILL UPHOLD A DECEASED’S PROMISE TO LEAVE THEIR ESTATE TO A THIRD PARTY
Although a properly drafted, signed and witnessed Will is regarded as indisputable evidence of the deceased’s final intentions, that Will can be challenged if the deceased had earlier promised to leave their estate in a different way.
DISPUTE MANAGEMENT
FAIR WORK ACT NOW APPLIES TO NSW EMPLOYERS WHO ARE SOLE TRADERS AND PARTNERSHIPS
In December 2009 the NSW Parliament passed laws referring employment law powers for employees of sole traders and partnerships to the Federal Parliament and therefore these employees are now covered by the Fair Work Act 2009.
LIFE’S TOO SERIOUS
SPECIAL REPORT
At New York's Kennedy Airport today an individual, later discovered to be a school teacher, was arrested trying to board a flight while in possession of...
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