Risk minimisation is necessary for any successful business. Indemnity clauses, liquidated damages, warranties, exclusions and limitation of liability clauses are all mechanisms of risk allocation [...]
Consumer credit industry, beware! ASIC is targeting the responsible lending laws across the credit industry. Recently, payday lender Nimble Australia Pty Ltd (Nimble) failed to meet its [...]
The Personal Property Securities Act 2009 (Cth) (PPSA) commenced on 30 January 2012. However, many financiers and lessors are still unaware of its importance or have simply decided to ignore its [...]
If you’re in the building and construction industry, debts are particularly bad for business. Without the timely payment of payment claims, a business’ cash flow may take a dive. This can be [...]
Small businesses, like consumers, can be vulnerable when it comes to standard form contracts. These contracts usually get offered on a ‘take it or leave it’ basis, and for those who lack the [...]
For many businesses, the Personal Property Securities Act 2009 (Cth) (PPSA) is a complex web of cumbersome regulatory measures and difficult to manage compliance requirements. Businesses in the [...]
