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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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To obtain a patent in Australia, you must file an application with IP Australia, which examines the application for novelty and inventiveness.;Once granted, patent protection lasts up to 20 years, provided maintenance...

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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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The Australian Human Rights Commission investigates complaints and promotes human rights education.;It also advises the government on human rights issues and conducts inquiries into systemic issues.

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Disputes between shareholders and directors can be resolved through mediation, arbitration, or litigation, depending on the nature and severity of the conflict.;The Corporations Act 2001 provides legal avenues for sha...

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Breaching a domestic violence order is a criminal offense and can result in penalties such as fines, imprisonment, and further legal restrictions.;Repeated breaches can lead to more severe consequences, including long...

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The Australian government recognizes Aboriginal rights through policies, legislation, and land rights frameworks.;Recent initiatives include the establishment of reconciliation programs and support for Aboriginal comm...

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Bankruptcy can halt debt recovery efforts and result in the discharge of certain debts.;However, secured creditors may still recover their collateral despite bankruptcy proceedings.

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Superannuation in Australia is a mandatory system where employers contribute a percentage of an employee's earnings to a superannuation fund.;Employees can also make voluntary contributions, and the funds are typicall...

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A written contract provides clear evidence of the terms agreed upon and can help prevent misunderstandings.;It is also easier to enforce a written contract in court compared to a verbal agreement.