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If a debt is not paid, creditors can pursue legal action, which may result in a court judgment against the debtor.;Failure to pay can also lead to additional costs and damage to the debtor's credit rating.

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Child custody in Australia is determined based on the best interests of the child, considering factors like the child's needs, the parents' ability to provide care, and any history of family violence.;Courts aim to en...

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Arbitration awards are generally binding and enforceable under the law.;They can be enforced in the same manner as court judgments, with limited grounds for challenge.

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A sole trader is an individual running a business, while a company is a separate legal entity owned by shareholders.;Sole traders have unlimited liability, whereas companies provide limited liability protection to the...

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Payday loans in Australia are regulated by the National Consumer Credit Protection Act 2009, which caps fees and interest rates that lenders can charge.;Lenders are also required to assess the borrower's ability to re...

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Cryptocurrency is challenging traditional banking by offering decentralized financial solutions.;Banks are increasingly adapting to the rise of cryptocurrency through partnerships and services.

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The cooling-off period in real estate transactions varies by state but typically lasts between 2 to 5 business days, allowing the buyer to withdraw from the contract.;Conditions of the cooling-off period, including an...

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Organizations can face penalties under the Privacy Act 1988, including fines and regulatory actions, for failing to protect personal data.;Affected individuals may also seek compensation for damages resulting from dat...

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To apply for a skilled migration visa, you must submit an expression of interest through SkillSelect and be invited to apply based on your skills and qualifications.;The process involves obtaining a skills assessment,...

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The Fair Work Commission assists by resolving disputes through mediation, conciliation, and arbitration. It also sets minimum wages and employment conditions through modern awards.;The Commission ensures compliance wi...