202003.24
0

Changes to Employment Terms

Any employer who wants to make changes to the terms of the employment contract between the employer and the employee, including changes to the working hours, must ensure that they comply with the relevant laws first and do not breach any of their obligations under their employment contract, and the relevant award or enterprise agreement….

202003.23
0

Statutory demands and how you can utilise them to recover a debt

Statutory demands are one of the options available to creditors to recover any outstanding money they are owed. If you are faced with a situation where a company has failed to pay you for your goods and/or services, you may be able to rely on a statutory demand to recover the debt. What is a…

202003.23
0

Winding Up Applications

Winding up refers to the process of dissolving a company by selling its stock and assets in order to pay off creditors. Usually, a liquidator is appointed to manage the winding up process. A creditor is entitled to apply to the court to wind up the debtor company under section 459P of the Corporations Act…

202003.23
0

Responding to a Statutory Demand (and the COVID-19 temporary changes)

A statutory demand is a document issued by a creditor that allows a creditor to demand payment from a debtor company. If you have been served with a statutory demand, it is crucial you act quickly as you only have 21 days to respond (subject to COVID-19 temporary changes specified below) You have two options…

202001.20
0

Cultivation of Medicinal Cannabis

In February 2016, Australia legalised medicinal cannabis. The regulation of production and cultivation of cannabis is the responsibility of the Australian Government. The cultivation of medicinal cannabis includes all the steps that are taken until the cannabis plant is harvested. Cultivation includes all activities associated with production from the soil, including ‘preparing the soil, sowing,…

202001.18
0

Importation of Medical Cannabis

The importation of medicinal cannabis is strictly regulated and is subject to international drug conventions. For such a product to be imported, it must be approved by both governments of the importing and exporting countries before shipment can occur. The importer must also hold a licence and a permit from the Office of Drug Control…

201911.02
0

Manufacturing of Medicinal Cannabis

To manufacture medicinal cannabis, the manufacturer must hold both an Office of Drug Control (ODC) licence and a permit. The licence is applied for under section 11G of the Narcotic Drugs Act 1967 (Cth), which authorises the manufacture of medicinal cannabis. Evidence of the ODC licence must be provided when applying for a permit. A…

201903.02
0

Hemp Cultivation

Hemp is a cannabis plant species that contains tetrahydrocannabinol (THC) and when the seed is used at high concentration, the ingredient has mind-altering and psycho-active effects. It may also be referred to as low-THC cannabis or industry hemp. It can be in either seed, oil or fibre form. Currently, it is legal in Australia to…

201805.02
0

Exportation of Medical Cannabis

The ability to export medicinal cannabis was legalised in February 2018. There are certain requirements that must be complied with and only certain types of medicinal cannabis products can be exported. An export licence and permit must also be held by the exporter. Preliminary Requirements In order to export medicinal cannabis, there are specific requirements…

201804.01
4

Sophisticated and Professional Investors – What are they?

The Corporations Act 2001 (Cth) (“The Act”) in s708(8) states that an offer of shares does not need a disclosure statement if the investor is a sophisticated investor. The Corporations Regulations 2001 (“The Regs”), Reg 6D.2.03 goes on to advise that a sophisticated investor is one with assets of $2.5m, gross income of $250,000 and…