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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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Misleading and deceptive conduct is prohibited under the ACL, and businesses engaging in such practices can face penalties and legal action.;Consumers can report misleading conduct to the ACCC or seek remedies through...

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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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Common defenses to defamation include truth, absolute privilege, qualified privilege, and fair comment or honest opinion.;The defendant can also argue that the statement was made in a context that provides legal immun...

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The main human rights include the right to life, freedom from torture, and the right to equality.;These rights are protected by both domestic laws and international treaties ratified by Australia.

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Salary sacrificing allows employees to allocate a portion of their pre-tax income to benefits like superannuation, reducing their taxable income.;Common benefits include additional superannuation contributions, car le...

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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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Options for raising capital include bootstrapping, seeking investors, applying for grants, and taking out loans.;Crowdfunding and venture capital are also viable options for startups looking for substantial funding.

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Insider trading in Australia is a criminal offense under the Corporations Act 2001, and individuals can face substantial fines and imprisonment.;ASIC (Australian Securities and Investments Commission) actively monitor...

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Indigenous rights are recognized under the Native Title Act and various human rights instruments.;These rights aim to protect Indigenous culture, land, and social justice in Australia.