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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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To register a company in Australia, you must apply to the Australian Securities and Investments Commission (ASIC), providing necessary documents and details such as the company's name, address, and director informatio...

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Debts can be disputed by responding to the creditor with evidence that the debt is incorrect or not owed.;If the dispute is unresolved, it can be taken to the relevant ombudsman or tribunal for a decision.

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You can travel overseas while bankrupt, but you must obtain written permission from your trustee.;Failing to get permission can result in penalties, including extending your bankruptcy period.

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Verbal contracts can be enforceable in Australia, but proving the terms can be challenging without written evidence.;Certain types of contracts, such as those involving real estate, must be in writing to be enforceable.

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Parents in Australia are legally required to provide financial support for their children, with child support calculated based on income and the needs of the child.;The Department of Human Services oversees the child...

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The Madrid Protocol allows Australian businesses to apply for trademark protection in multiple countries through a single application.;This international system simplifies the process and reduces the cost of obtaining...

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Penalties for violating trade laws can include fines, imprisonment, and the revocation of export or import licenses.;Non-compliance can also result in seizure of goods and reputational damage for the business involved.

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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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Waste management and recycling regulations in Australia require businesses and individuals to comply with state and territory laws, which include provisions for proper waste disposal, recycling targets, and penalties...