Updates to director resignation provisions under the Corporations Act

Section 203A of the Corporations Act 2001 (Cth) (a replaceable rule) provides that a director may resign by giving written notice of the resignation to the company at its registered office. For companies with a Constitution, most ...

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Insolvency law reforms: simplifying matters for eligible small businesses

Following the end of temporary measures to protect businesses financially impacted by the COVID-19 pandemic on 31 December 2020,  the new Corporations Amendment (Corporation Insolvency Reforms) Act 2020 (Cth) ("Act") and associat...

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Paper necessity or data vulnerability?

The Sydney Morning Herald reports that over 186,000 people were affected by a phishing attack on Service NSW back in March 2020 and has suggested that a large amount of the personal information that was obtained was in the form of...

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Insolvency Reforms: for better or for worse?

On 24 September 2020, the Australian Federal Government announced what it called the most significant reforms to Australia's insolvency framework in over 30 years. "The reforms, which draw on key features from Chapter 11 of the...

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Shareholders’ Agreements – Why do you need one?

It's always a question of priority when setting up a private business – every dollar is precious. If a dollar is to be re-invested, it needs to be well invested. We often hear business owners wondering why they should invest ...

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Shareholders’ Agreements – What are they and what are they for?

As the name suggests, a Shareholders' Agreement is an agreement between the shareholders of a company, which sets out the rules and processes that will apply to shareholders investing in and participating in the decision making of...

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