Commercial Law

ASIC Investigations

What is an ASIC investigation? Why and how are they conducted? The Australian Securities and Investments Commission (ASIC) investigates and prosecutes breaches of corporate law by corporations, directors and officers. Their work is carried out under the Commonwealth Corporations Act 2001. Breaches of corporate law can have some serious consequences for a business and the…

Commercial Law

Dissolving a Partnership

A partnership is a relatively simple type of business structure that many people take on. It involves two or more people, or companies working together to make a profit. However, since it is one of the most informal and simple business structures to set up, often partnership agreements are neglected, resulting in issues when conflicts…

Commercial Law

Business Insolvency – QLD

One of the harsh realities of starting your own company is that it may not survive. In fact, the Small Business Association (SBA) believes that approximately 30% of new businesses fail during the first two years of being open and 50% during the first five years. If a company is unable to pay its debts as…