When a business trades as a Company, it must be registered with ASIC and all changes must be notified:
Change to Director/Company details:
Change to Director/Company details:
Change to Director/Company details:
Due within 28 days of date of change
Late fee:
$87.00 (one month late)
$362.00 (over one month late)
Lodging Financial Reports
(Form 388):
Due within four months of end of financial year
Late fee:
$87.00 (one month late)
$362.00 (over one month late)
Common Fees
Registration of Proprietary Company
Change of Company Name
$538.00
$443.00
$87.00
$44.00
Change of Company Type
Change of Company Type
Voluntary Deregistration
When a business trades under a business name, it must be registered on the National Business Names Register and all changes must be notified to ASIC.
Common Fees
New Registration or Renewal
One Year: $39.00 Three Years: $92.00
Search for government grants and assistance that might be available for your business: business.vic.gov.au/grants-and-programs
All franchisors and franchise businesses must comply with the Franchising Code of Conduct which can be found at www.legislation.gov.au/Details/F2022C00463
What is it?
What is it for?
A national register of security interests over assets. It replaces various state-based registers and company charges
It recognises and protects the interests of people who hold security over other people’s assets
Where are more details?
When a Company conducts a business, neither the Company nor its Director can breach the Australian Consumer Law (Schedule 2 of the Competition and Consumer Act), failing which prosecution may ensue with significant penalties.
Change to Director/Company details:
Prohibited Conduct
Sections 20-22
Sections 29-31, 33-34
Section 35
Unconscionable conduct
Harassment and coercion
Offering gifts and prizes with no intention to providing them
Misleading and deceptive conduct
Australian Consumer Law Reference
False or misleading representations
Bait advertising
Referral selling
Section 18
Section 49
Section 32
Section 50
If you purchase goods of up to $100,000 value for use within your business, your rights are protected to ensure the goods are safe, durable, free from defects, fit for purpose, acceptable in appearance, match their description and match any sample or demonstration model.
Standard form contracts for goods and services with consumers and small businesses (i.e. businesses with <20 employees where the contract value is <$300K or <$1m if the contract is for more than 12 months) must comply with the Australian Consumer Law.
Change to Director/Company details:
When is a term unfair?
If it causes a significant imbalance in the rights and obligations of the business and its customers and is not reasonably necessary to protect the legitimate interests of the business. This could include terms permitting the business to unilaterally:
An unfair contract term may become void, although the rest of the contract may remain valid. The Court may also make other Orders, such as injunctions or monetary penalties.
What are the consequences?
The information contained in this app is intended to be of a general nature only and should not be relied upon as legal advice. Any legal matters should be discussed specifically with one of our lawyers.
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