Business & Commercial Law

Are You Buying or Selling Property? Here’s What the New Anti-Money Laundering Reforms Mean for You

Australia’s property market is undergoing a significant regulatory shift. From 1 July 2026, new anti-money laundering (AML) laws will expand into the property sector. This will directly impact buyers, sellers, and the professionals who assist them. For anyone involved in property transactions, understanding these changes is crucial. Why are these changes being introduced? Australia’s real […]

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Have you reviewed your contracts for fairness? Here’s why all businesses need to act now!

The scope of the unfair contract terms (‘UCT’) regime has recently expanded. Businesses, including small business, are now potentially exposed to substantial penalties for any failure to comply with these regulations. These amendments take effect from 9 November 2023, under the Australian Consumer Law (‘ACL’) and the Australian Securities and Investments Commission Act 2001 (Cth).

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Incorporated Limited Partnerships

Introduction An incorporated limited partnership (“ILP”) is a type of partnership structured around the traditional model with some important differences.   Set out below are the various ILP structures, what they are, the legislation with which they must comply and their use in Australia. Partnerships A partnership is a common business structure that involves two or more persons

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