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Telstra Discloses Volume Of Law Enforcement Requests

March 11, 2014 by cl-admin

transparency reportTelstra has come up with a transparency report, the first of its kind from the company, aiming to furnish the type and volume of customer data requested by the Australian law enforcement regulators. A pdf upload on the website exchange.telstra.com.au discusses the report.

Between June-December 2013, law enforcement agencies have submitted in excess of 40,000 requests. Nearly 90% of such requests are pertaining to customer information and records. Telstra has categorically explained that the company only submits those information to the agencies which are in keeping with the law. It is worth noting that Telstra did not furnish any details about requests made by the Australian Intelligence Agencies.

You can take a look at the contents of the transparency report here.

Filed Under: Summary Tagged With: business law

Why a Franchise Agreement is Indispensable

March 6, 2014 by cl-admin

franchise agreementA conscientiously drafted franchise agreement can go a long way towards boosting the relationship of a franchisor and a franchisee. We will all agree that there have been many cases where franchisors have motored along without any semblance of a moral stand.
[Read more…]

Filed Under: Feature Tagged With: business law

The Many Ways Bankruptcy Can Impact You

March 5, 2014 by cl-admin

bankruptcyThe bankruptcy tag can mean a lot many things and most such things have a dismal theme attached to them. While the social stigma can be stifling, the financial loop you fall into can become tiring after a little while. Let us not even begin on how it blunts our emotional edges.
[Read more…]

Filed Under: Feature Tagged With: business law

Bankruptcy Implications on Employment

March 4, 2014 by cl-admin

declared bankruptWhile companies go into liquidation individuals are declared bankrupt. The bankruptcy tag has various implications. Apart from the financial repercussions and social stigma that it places, you need to follow a few employment protocols, too, once you file for voluntary bankruptcy or are declared bankrupt.
[Read more…]

Filed Under: Feature Tagged With: business law

Public Liability Injury Claims Can Bite You Hard

February 28, 2014 by cl-admin

third party injuryWhen an organisation hosts an event, it is usually diligent about ticking all the safety boxes. It does not want its name to be tarnished in the business fraternity. “Oh! You know they had a slippery floor” or “Gosh! Their elevator bolted”.
[Read more…]

Filed Under: Feature Tagged With: business law

Company Going into Liquidation

February 27, 2014 by cl-admin

going into liquidationWhen a company becomes insolvent or unable to square off its debts, it cannot be declared bankrupt. This is because bankruptcy is a term strictly restricted to individuals. The alternative parlance used in the context of companies is “going into liquidation”.   In other words, this is when a company has to wind itself up and look towards the final formalities of deregistration.
[Read more…]

Filed Under: Feature Tagged With: business law

Points To Remember About the Arbitration Agreement

February 21, 2014 by cl-admin

arbitrationDo arbitration provisions extend beyond the termination of their founding contracts? At any place where arbitration is deemed as the desired avenue for dispute resolution, standard clauses must be diligently inserted into the agreements and the drafting bit should not be undertaken at the wee hours of the midnight, as if it were a casual affair.
[Read more…]

Filed Under: Feature Tagged With: business law

AUSTRAC’s Guides for Controlling Money Laundering

February 19, 2014 by cl-admin

online gamblingAustralian Transaction Reports and Analysis Centre (AUSTRAC) has released two separate guides for hotels and clubs using electronic gaming equipment. This is to help them from accidentally facilitating money laundering and terrorism financing. The Compliance and Risk Assessment Guide can be perused on AUSTRAC’s official website.

The guides clearly delineate what may be referred to as suspicious customer behaviour and also puts a step-by-step process in place for identifying risks at a gaming venue, developing a risk-management plan and encouraging methodical bookkeeping and reporting.

You can take a look at the guides here.

Filed Under: Summary Tagged With: business law

Companies Made to Pay Penalty By ACCC

February 18, 2014 by cl-admin

court injunctionOver the last 15 years, the ACCC has successfully litigated 20 times, sending tremors to franchisors who cast a fraudulent net over their franchisees. ACCC has added another plume to its feather, albeit in a different niche, by profitably litigating in the field of “fake testimonials”.
[Read more…]

Filed Under: Feature Tagged With: business law

Australian Government prepares to update Franchising Code in 2014

February 17, 2014 by cl-admin

franchising codeAn updated framework of regulations that will keep Australia right at the top of franchising conduct. I am sure you can figure out by now what I am about to discuss. Yes, the franchising code, obviously! A release on Franchise Council of Australia’s (FCA) website talks about the expected updates on the franchising code in the year 2014. [Read more…]

Filed Under: Commentary Tagged With: business law

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