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Cryptocurrency is treated as property for tax purposes, subject to capital gains tax.;Gains from cryptocurrency transactions are taxable, while losses may be claimed as deductions.

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Australian Consumer Law protects consumers from unfair contract terms in standard form contracts, particularly those that create a significant imbalance in rights and obligations.;Unfair contract terms can be declared...

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Property and assets are divided in a divorce based on principles of fairness and equity, considering factors such as the contributions of each party and their future needs.;The Family Law Act 1975 provides guidelines...

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A building contract outlines the terms, responsibilities, and obligations of each party involved in a construction project.;It helps ensure that both parties have clear expectations and provides legal recourse in case...

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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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Arbitration decisions are generally final, but parties can appeal on specific grounds such as procedural unfairness.;Appeals are limited and must comply with the conditions set out in the arbitration agreement or appl...

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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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Defaulting on a mortgage in Australia can lead to the lender taking legal action to repossess and sell the property to recover the debt.;Borrowers may also face a negative impact on their credit rating, making it more...

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Adopting a child in Australia requires prospective parents to undergo assessments, attend training, and meet eligibility criteria set by state and territory adoption laws.;The adoption process includes home visits, in...

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Victims can claim compensation for medical expenses, lost wages, pain and suffering, and loss of enjoyment of life.;In some cases, victims may also be eligible for future care costs and rehabilitation expenses.