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Bankruptcy usually lasts for three years and one day from the date it is declared.;In some cases, the bankruptcy period can be extended up to eight years if the trustee determines misconduct.

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Consideration refers to something of value exchanged between the parties, which is essential for a contract to be binding.;It can be in the form of money, services, or a promise to perform (or not perform) certain act...

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Communities affected by environmental damage in Australia have legal rights to seek compensation, remediation, and enforcement of environmental laws.;They can also participate in public consultations and environmental...

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Tax evasion in Australia can lead to severe penalties, including fines, interest on unpaid taxes, and imprisonment for serious offences.;The ATO conducts audits and investigations to detect and prevent tax evasion, an...

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Government procurement in Australia is governed by the Commonwealth Procurement Rules (CPRs), which set out the principles and processes to be followed.;These rules ensure transparency, accountability, and value for m...

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ASIC regulates cryptocurrency exchanges and initial coin offerings (ICOs) to protect investors.;They provide guidelines on compliance and monitor the market for illegal activities.

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Landlords must ensure the property is safe and habitable, and carry out repairs promptly.;They are also responsible for maintaining common areas and complying with health and safety regulations.

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The arbitration process typically involves the selection of an arbitrator, submission of evidence, hearings, and the issuance of an award.;Parties may agree on specific rules and procedures to be followed during arbit...

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In Australia, the legal ground for divorce is the irretrievable breakdown of the marriage, evidenced by 12 months of separation.;No-fault divorce is practiced, meaning that neither spouse has to prove wrongdoing by th...

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Victims can seek remedies such as compensation, policy changes, and apologies.;Legal remedies aim to restore victims and prevent future discrimination.