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Contract Performance in a COVID-19 Economy

The novel Coronavirus (COVID-19) has become an economic threat in which organisations are facing great challenges and preparing to respond quickly not only nationally, but globally.  The Australian Government has provided temporary regulatory relief for financially distressed businesses including the statutory demand threshold of $2,000 being raised to $20,000 under the Corporations Act 2001 –…

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Changes to Corporations and Bankruptcy Laws in Response to COVID-19

With COVID-19 affecting the economic viability of businesses across Australia, recent changes have been announced by the Federal Government to help affected businesses.  The Government has stressed the importance of implementing a temporary safety net for otherwise profitable and viable businesses that now face temporarily financial distress. Some of the key changes are outlined below.…

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New Mandatory Code for Commercial Leases During COVID-19

On 7 April 2020, the Government released the much-anticipated Mandatory Code of Conduct (the Code) to apply to certain commercial and retail leases during the COVID-19 crisis.  The Code imposes a set of good faith leasing principles for landlords and tenants.  The overarching principles are to share, in a proportionate, measured manner, the financial risk…

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Managing wages and employment risk during COVID-19 (and other crises)

Family Business Legal Advice

Since the outbreak of COVID-19 and the resulting government intervention including restrictions on gatherings and movement, many businesses are confronted with the question of how they decrease their business expenses to combat their falling turnover. Although COVID-19 is primarily a social and health issue, the reality is it has become an issue of economic life…

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Special Disability Trusts

Providing long term for a disabled person also involves considering social security implications. A Special Disability Trust can enable a considerable financial provision to be made for a disabled person without impacting social security entitlements What is a special disability trust? A Special Disability Trust (SDT) is a trust established primarily for the current and…

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