Fair Work Commission Annual Wage Review Each year, the Fair Work Commission (FWC) conducts a wage review of minimum and award wages. On 2 June 2023, the FWC handed down its Annual Wage Review 2022–23. In making its decision, the FWC cited the current combination of economic factors including low unemployment, falling “real” wages and …
Do you know there have been recent changes to Family & Domestic Violence Leave? What is a Family & Domestic Violence Leave? Family and Domestic Violence Leave is a paid leave entitlement for National System Employees to deal with family and domestic violence. The leave can be taken by an employee with respect to …
The Government has recently made changes to the franchising rules. The most important update for Franchisor’s to be aware of is that concerning updated the Information Statement for Prospective Franchisees. In particular, Franchisors must now give the updated Information Statement to anyone interested in becoming a franchisee: No later than 7 days after they express …
Franchising Update – Franchisor Information Statement Read More »
What is a Condition Precedent? Condition precedents or “subject to” conditions are common in business sale agreements. A condition precedent is a contractual condition that requires certain things happening or be satisfied before something else can occur. In the context of a business sale, conditions precedent are all of the things that must happen prior …
Selling your Business ‘Doing the Deal’ – Conditions Precedent Read More »
The Requirement to Discharge Liabilities when Selling Your Business In our earlier article we discussed the assessment of the liabilities of business prior to sale. In this article, we look at your obligations as a seller with respect to these liabilities. It is an essential condition of any business sale that the seller discharge all …
Selling your Business ‘Doing the Deal’ – Discharging Liabilities Read More »
Before you take your business to market for sale, there are a number of things you should do to “get your house in order” in particular, to ensure you have secured your good will. Employees form a large part of the goodwill being transferred to the purchaser of a business, primarily because employees have a …
Why it is important to secure your brand prior to selling your business Intellectual Property refers to a few different types of intangible property including, logos, images and descriptions used to describe goods, business names and trademarks. These things comprise the “look and feel” of a business and are what we generally refer to as …
Preparing Your Business for Sale – Intellectual Property Read More »
What You Need to Know About Taking Leave to Care for Others What is Personal/Carer’s Leave? Fair Work Act 2009 (Cth) (the Act) confers an entitlement of 10 days paid Personal/Carer’s Leave per annum for a full-time employee or a pro rata amount for part-time employees. Casual Employees do not have an entitlement to paid …
What are the National Employment Standards? Do they apply to me? What are the National Employment Standards (NES)? The National Employment Standards or “NES” came into effect on 1 January 2010 and were intended as “safety net” provisions to apply to all National System Employees. There are currently a total of 11 NES or …
What does the Fair Work Commission have to say about this? Terminating an employee is never easy and can be an uncomfortable experience for both employer and employee. With the rise in the use of technology and working from home arrangements largely required in response to the COVID-19 lockdowns, many employers have taken to using …
Termination by TXT – Navigating Employee Terminations in the Electronic Age Read More »
