Finance Definition Contract

Finance definition and what you need to know in relation to your Contract. You must be aware that a pre-approval of finance, does not constitute an unconditional offer from your Bank for finance. That is why it is important you understand the finance definition in your Contract, specifically in relation to pre-approval and unconditional finance.…

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Important Changes to Pool Safety Certificate in Qld.

Is your Pool Registered and do you need a Safety Certificate Qld?     As of 1 December 2015 it will not just a case of maintaining the pool by testing the water. New rules came into effect. If you own a property with a pool you should have your pool registered by 30 November 2015…

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When can a Landlord call up a Bank Guarantee?

Supreme Courts throughout Australia are divided in their opinion regarding the rights of a Landlord to call up a Bank Guarantee. In a 2013 decision (Otter Group Pty Ltd) the Victorian Court held that a Landlord can call up a Bank Guarantee immediately it claims in good faith that there has been a breach of…

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Statutory Demands and Debt Recovery

If a company has an outstanding debt a Statutory Demand for payment can be made under Section 459E of the Corporations Act 2001 (Cwth).  This is a powerful action as it can form the basis of winding up the company if the demand is not met.  Because the company insolvency will date back to the…

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Is a Letter of Intent a binding contract?

Prior to entry into a formal lease document, the Landlord and Tenant will often sign a preliminary document such as an “Offer to Lease”, “Agreement to Lease” or “Letter of Intent”.  If one party then pulls out of the leasing arrangement before the formal lease documents are signed, it raises the question of whether the…

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Carbon Price Claims – Guide for Businesses

The carbon price (commonly referred to as the carbon tax) will apply from 1 July 2012 and many businesses and consumers are concerned about the effect this will have on the price of goods and services. Under the Australian Consumer Law, businesses are prohibited from making misleading, deceptive or false claims about the price of…

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Debt recovery for businesses

Maintaining an effective system for recovering debts is essential to all businesses. Allowing unpaid debts to accumulate affects cash flow and can seriously impact the profitability of a business. The first step in controlling debts is ensuring that contacts and terms of a service are clear and stipulate the procedure for payment of accounts. The…

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