Insights Categories: Corporate & Commercial

Jun 4, 2017

INSIGHT: How long must you retain child care records in Victoria?

Are you aware that there are stringent requirements to retain child care records and also to implement supporting policies? The regulations relating to the retention of child care records are reflected in the Education and Care Services National Regulations Regulation 177 and 183, which are adopted in Victoria under the Education and Care Services National […]

May 15, 2017

INSIGHT: Impact of Federal Budget on the financial services sector

Overview: The Commonwealth Government’s 2017–2018 Budget initiatives released on 9 May will target three principal regulatory components in the financial services sector over the short and longer term, in particular: reforms to dispute resolution capturing financial services, superannuation, trustee services, banking, finance and insurance expanding the powers of the Australian Prudential Regulation Authority (APRA) relating […]

May 15, 2017

INSIGHT: Amendment of service approvals – your options if you are refused

Child care services may wish to apply for an amendment to their service approval for example, to increase the number of children that can be cared for at any one time. Applications to amend service approvals must be in writing and contain prescribed information. Child care services are encouraged to submit the application online using the […]

May 15, 2017

INSIGHT: Proposed changes to National Quality Framework

Proposed changes to the National Quality Framework (NQF) have been agreed and will be introduced from October 2017. The changes include: A revised National Quality Standard to strengthen quality in education and care by reducing the number of standards and elements from 18 standards to 15, and 58 to 40 elements. Changes aimed to achieve greater […]

May 15, 2017

INSIGHT: Choosing the right business structure for your child care service

Whether you are entering into an existing child care business, intending to set up a new structure or restructuring an existing business there are a range of legal structures which may apply in your circumstances. Different legal risks and liabilities associated with each business structure may apply: Sole Trader Appropriate for sole owners who intend to […]

May 3, 2017

INSIGHT: Family Day Care Law: avoiding breaches of the National Law and Regulations

Meridian Lawyers acts for a wide range of childcare providers including family day care services who may on occasion need to respond to a complaint or regulatory investigation concerning compliance with the Education and Care Services National Law and Regulations (‘National Law’). The National Law was enacted with specific objectives including to: ensure the safety, […]

Apr 5, 2017

INSIGHT: New client money reforms for OTC derivatives

New reforms regulating the application of client monies in retail over-the-counter derivatives transactions will restrict the use of client funds for hedging purposes. The Treasury Laws Amendment (2016 Measures No.1) Bill contains the proposed retail client money reforms in the OTC derivatives sector. The House of Representatives passed the Bill on 13 February 2017. What […]

Feb 23, 2017

INSIGHT: Pharmacy sale and purchase trends during 2016: assignment of leases

During 2016 Meridian Lawyers acted for many pharmacists in the successful sale or purchase of their pharmacies. Where a pharmacy occupies premises under a lease, the lessor may not always be pleased to learn that their tried and trusted tenant wishes to sell the business to a new owner. The lessor may try to oppose […]

Feb 21, 2017

INSIGHT: Abolition of stamp duty on purchase of business assets in New South Wales

On 1 July 2016 certain duties were abolished in New South Wales, including stamp duty on the purchase of certain business assets. A business’s purchase price can be, and often is, apportioned between a number of items including goodwill and plant and equipment, and often the most significant portion of the business’s purchase price is related […]

Dec 23, 2016

INSIGHT: Selling a veterinary practice

Aim for a pain free goodbye: Meridian Lawyers acts for vets in the sale and purchase of veterinary practices. Here is a brief overview of the legal process, together with tips on how to make the process as pain free as possible. Step 1: Gather information about your practice The vet selling the business (vendor) will be expected […]

Dec 19, 2016

INSIGHT: Succession planning for your partnership

At Meridian Lawyers we are frequently asked to advise on succession planning for business owners, especially those in partnerships (whether in the traditional sense or shareholders via a corporate structure). Many partnerships continue over lengthy periods with little emphasis on exit arrangements in their formal partnership or shareholders agreement. In our experience, carefully considered exit […]

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