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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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The key environmental laws in Australia include the Environment Protection and Biodiversity Conservation Act 1999, which provides a framework for protecting the environment and biodiversity.;Other significant regulati...

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Liquidating a company in Australia involves appointing a liquidator to wind up the company's affairs, settle debts, and distribute any remaining assets to shareholders.;The process is governed by the Corporations Act...

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Businesses should understand the Australian Consumer Law (ACL) and ensure their practices comply with fair trading regulations.;They should also have clear refund and returns policies and provide accurate product info...

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An agreement is a mutual understanding between parties, while a contract is a legally binding agreement enforceable by law.;Contracts must contain all essential elements, whereas agreements may lack enforceability.

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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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Tariff rates vary depending on the product category and country of origin, with specific rates available on the Australian Border Force website.;Australia has free trade agreements with several countries that may redu...

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A will can be updated through a codicil, which is an amendment to the original will, or by creating a new will that revokes the previous one.;To revoke a will, the testator can destroy the original document or include...

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Advertising restrictions include prohibitions on targeting minors and misleading advertising practices.;Gambling advertisements must also include responsible gambling messages and contact information for support servi...

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Employee entitlements such as leave and overtime are regulated by the National Employment Standards (NES) and modern awards, which set out minimum requirements for leave entitlements, working hours, and overtime pay.;...