Our articles are published by Sarah Stoddart. Sarah writes our articles on changes to legislation, relevant case law and other topics of interest to keep clients informed and up to date.
There is a lot to think about when purchasing a business. Combined with the emotion of the experience, it can be easy to overlook some of the practical steps that need to be taken to ensure a smooth transition to ownership. Here is a checklist of items to remember or action when purchasing a business.
A recent decision of the Federal Court of Australia is likely to significantly impact on applications made under Rule 136 of the Pharmacy Location Rules (large medical centre). It is a requirement of Rule 136 that a large medical centre operate for at least 70 hours...
Regardless of whether you are working with a lawyer as a one-off or on a regular basis, there are some key steps which can be taken to make the most of working with your lawyer and to ensure a positive professional working relationship.
Under the Pharmacy Business Ownership Act 2001 (Qld) ("Act"), pharmacists are required to notify the Queensland Department of Health ("Queensland Health") of changes of ownerships of a pharmacy business and of changes of ownership particulars of a pharmacy business. ...
A sale of business results in all employees being terminated by the seller with effect from close of business on the day before the settlement date. All employees must be given prior notice of termination and either required to work out the notice period or paid in lieu of notice.
A set of frequently asked questions about the process of applying to the ACPA, and our answers based on our experience.
Clients often ask us whether they are need to attend settlement and what actually happens on settlement day. Below is a snapshot of how a settlement unfolds. Location Irrespective of whether the settlement is the sale or purchase of a business or property, the...
The Pharmacy Location Rules will change on 3 October 2018.
Deciding whether to purchase a business is not an easy decision. It is daunting and there are a number of stages to be fulfilled before achieving completion. One of the first stages is completing due diligence investigations.
Employees are one of the most important and valuable assets of any business. However, when the business is transferred to a new owner, it is common that not all employees are retained or, if retained, not retained on the same terms. If a decision is made to change the number of employees or any terms of employment, it is important that it is dealt with, and documented, correctly.
On 5 September 2017, the Federal Parliament passed amendments to the Fair Work Act 2009 (Cth) which, among other things, have the effect of making franchisors responsible for underpayment of wages to the employees of their franchisees in certain circumstances.
On 17 August 2017, the Fair Work Commission made its determination in respect of the 4 yearly review of the Pharmacy Industry Award 2919. The determination comes into operation from 11 September 2017 and takes effect at the start of the fully pay period that starts on or after 11 September.