News Centre
February 3, 2022 · Mingqiang
A Serious Guide to the Process of Making a Binding Financial Agreement | How Far in Advance? Is the Procedure Complicated? Can It Be Done Privately?
Preparing a binding financial agreement requires both parties’ consent and full financial disclosure, followed by lawyers drafting, reviewing and assisting with signing. Signing privately between the parties alone has no legal effect. Amendment or termination requires mutual agreement, and the agreement may also be set aside in particular circumstances.
February 2, 2022 · Mingqiang
Retail Small Business Owners: Is Your Lease Agreement “Unlawful”? Some Lease Traps and Misrepresentations Could Cost You…
When signing or renewing a NSW retail lease, check the landlord’s disclosure. If it is not provided at least 7 days before the lease takes effect, or is seriously false, incomplete or misleading, tenants can give written notice to terminate within the first 6 months and claim reasonable leasing costs.
February 1, 2022 · Mingqiang
Australia’s Most Tragic Homebuyer: One Misread Email During Purchase Left Them Bankrupt!
When buying property in Australia, scam emails may contain correct names, law firm and contract details. If asked to transfer funds or provide sensitive personal information, first contact your lawyer by phone or in person to verify the content and sender. Never make a large transfer without verification.
January 28, 2022 · Mingqiang
Buying Company Shares in Australia: The Essential Document Checklist You Must Keep
Buying company shares in Australia involves more than a share sale agreement: conduct due diligence and prepare share transfer and director change documents. Buying all shares means taking on past trading risks. After completion, the company must notify ASIC of changes within 28 days.
January 27, 2022 · Mingqiang
My boss suddenly told me not to come in tomorrow and fired me on the spot — is this legal in Australia?
If you are suddenly told to stop coming to work, consider the unfair dismissal criteria and complaint process. Cases may settle through conciliation; unresolved cases proceed to a hearing. If dismissal is found unfair, remedies may include reinstatement or compensation for lost wages capped at 26 weeks’ pay.
January 25, 2022 · Mingqiang
Sudden Death Without a Will: How Will My Estate Be Divided Among Spouse / Children / Parents / Siblings?
In New South Wales, intestate estates pay funeral costs, administration expenses and debts before the remainder is distributed by family priority. Spouse and child circumstances affect shares. Multiple spouses without children need not inherit equally; the court may determine shares on principles of fairness and equity.
January 20, 2022 · Mingqiang
Injured on an Activity in Australia After Signing a Waiver — Can I Still Claim Compensation?
Signing a waiver for a recreational activity may still leave you able to claim compensation for injury. The key is proving that the provider breached its duty of care and its negligence caused your injury; success is much less likely if only normal activity risks caused it.
January 19, 2022 · Mingqiang
Restaurant Business Hit Hard by the Pandemic! Thinking of Selling? Here’s the Legal Knowledge You Must Know Before Selling!
When selling a business in Australia, have a lawyer prepare the sale contract and gather financial, lease, staffing and related contract documents. Buyers should also check financial records, assets, licences and leases. Both buyers and sellers should conduct due diligence.
January 18, 2022 · Mingqiang
Without a property agreement, how is property divided on divorce or separation?
Without a property agreement, property settlement after divorce weighs financial and non-financial contributions, future needs and marriage length. Where the conditions for a de facto relationship or legal marriage are met, overseas assets are included. The court first establishes net assets, then determines each party’s share.
January 14, 2022 · Mingqiang
NSW Official Announcement: Rent Deferral and Waiver Period Extended for Commercial Tenants, Easing COVID-19 Impact on SMEs!
NSW’s 13 January 2022 amendment extends rent deferrals and waivers to 13 March 2022. Small and medium businesses with annual turnover below AUD 5 million, affected by COVID-19 and holding commercial leases, can negotiate rent relief with their lessors.