(Australian business law reforms.)(Editorial)

Article Abstract:

Business law reform in Australia has slowed toward the end of 1995, but some activity is evident in trade practices, tax simplification and bank charges. The tax simplification debate has become particularly divisive, but the corporations law First Simplification Bill has received all needed approvals. Contract law remedies may be expanded to address economic duress as a basis for unconscionability claims. The Prices Surveillance Authority has not yet acted to address complaints regarding charges that banks are requiring for access to certain account information.

Unfair competition (Commerce), Unfair competition

---

(Australian company and tax law reforms focus on return of capital, one person companies, competition policy and related party transactions.)(Editorial)

Article Abstract:

The tax and company law reform process has encountered complications regarding capital rules, one person companies, competition law and related party transactions. Reforms allowing small businesses to use a simplified method of incorporation are currently being scrutinized. The legislature has yet to consider proposals to change the way returns of capital are authorized. Other changes involve Australian Trade Practices Commission investigations and the restructuring of the Australian Competition and Consumer Commission.

Capital investments, One-person corporations, One person corporations, Related party transactions

---

Consumer Credit Code: the current Post-implementation Review

Article Abstract:

Australia's Consumer Credit Code went into effect on November 1, 1996. The Code provides protection for a broad range of products. The Ministerial Council of Consumer Affairs started a Post-implementation Review of enforcement in July 1998. The Review will inform the National Competition Policy process, inform the Council of the Code's effects, and recommend improvements. However, the impact of the Code on pre-contractual disclosure and the price of credit contracts must be clarified.

Australia, Consumer credit

Similar abstracts:

• Abstracts: 25 Thoughts on European company law in the EU of 25. The new version company law of PRC: introduction, comparison, analysis and criticism
• Abstracts: SEC staff refuses no-action letter permitting issuer to exclude compensation-related shareholder proposal. SEC staff refuses to allow omission of shareholder proposal on executive pay
• Abstracts: Mormons' impact on the law is singular; a coherent world view informs approach to lawmaking, lawsuits, the Constitution and lawyers
• Abstracts: Performance-based pay at James Paget Hospital. Harmonised pay bands at Royal Ordnance
• Abstracts: Eyeing foreign capital, Indonesia enacts changes; the bankruptcy law, the capital markets and investment rules are principal areas of reform

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.