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Capital gains tax in Australia is calculated based on the profit from the sale of an asset, with discounts available for assets held longer than 12 months.;Individuals must report capital gains in their tax returns, a...

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Bankruptcy significantly impacts your credit rating, making it difficult to obtain credit in the future.;The record of bankruptcy remains on your credit report for up to five years or longer in some cases.

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Small businesses must register for an ABN and possibly GST, and they need to comply with payroll tax and superannuation requirements.;Income tax returns must be filed annually, and businesses should keep accurate fina...

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Enforcing intellectual property rights in Australia can involve legal actions such as cease and desist letters, court injunctions, and damages claims.;Alternative dispute resolution methods, such as mediation and arbi...

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The ACCC enforces the Franchising Code of Conduct, investigates complaints, and ensures that franchisors and franchisees comply with legal obligations.;It also provides guidance and information to help both parties un...

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Businesses must comply with the Export Control Act 1982, which regulates the export of certain goods, especially agricultural and defense-related products.;They must also ensure that their goods meet the standards and...

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Off-the-plan property purchases are regulated to protect buyers, requiring developers to provide detailed disclosure statements and adhere to building timelines.;Buyers have the right to a cooling-off period and can s...

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Parties can settle civil disputes out of court through negotiation, mediation, or arbitration, which are often faster and less costly than litigation.;These methods provide a confidential and flexible approach to reso...

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Referendums in Australia are used to approve changes to the Constitution, requiring a double majority: a majority of voters nationwide and a majority of voters in a majority of states.;This process ensures that consti...

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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...