Australian business law can be tricky, so we’ve put together this comprehensive article to answer five questions about Australian business law. We’ll cover what you need to do if your company is publicly listed, how Australian businesses are taxed, and many other topics that Australian businesses face today. This article will go over five business laws in Australia.
Consumer Laws
These laws are designed to protect Australian consumers from being scammed or mislead. It is a set of rules that govern how businesses can operate and what they have to disclose about their products, services, and practices to potential customers.
Australian Tax Laws
Because Australia operates under a “broad-based” taxation system, all companies operating in Australia must pay tax on the goods and services provided by those companies and any income generated through capital gains made from business transactions.
Business Registration Laws
These laws are relevant for every Australian-based business owner, especially if you’re looking at employing staff or selling goods online, as you’ll be required to register with ASIC (Australian Securities Investments Commission). If this isn’t done correctly, you can face some serious consequences.
Australian Work Health & Safety Laws
The Australian Work Health and Safety Act of 2011 is the main legislation that governs safety in workplaces across Australia. It’s designed to keep employees safe while they’re on the clock and during any work-related activities outside of their normal business hours. It also applies to all workplace visitors, which means anyone who comes onto your property for business purposes must abide by these regulations too! These laws are heavily enforced with heavy fines if broken, so make sure you get familiar with them before taking on new staff or running a trade show at your place of business.
Employee Rights
All Australian workers (including part-time and contract workers) have access to certain rights under the law. These include the right to be paid for their work at a higher rate than minimum wage (unless otherwise agreed upon). Protection of pay if an employee’s job description changes or they are asked to perform different tasks by their employer. A limit on how many hours an employee can legally work each week and breaks required during long shifts must be taken within certain timeframes after the shift has ended. Breaks may also need to occur between consecutive shifts depending on what kind of industry you’re in. This also regulates annual leave, sick leave, parental leave, and compassionate/carer’s leave. This allows employees to receive payment while they take leaves.
To conclude, Australian business law must follow Australian laws and regulations, regardless of their industry.
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