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Bankruptcy significantly impacts your credit rating, making it difficult to obtain credit in the future.;The record of bankruptcy remains on your credit report for up to five years or longer in some cases.

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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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Documents that often require notarization include powers of attorney, affidavits, statutory declarations, and international legal documents.;Notarization is also needed for documents related to property transactions,...

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Landlords must ensure the property is safe and habitable, and carry out repairs promptly.;They are also responsible for maintaining common areas and complying with health and safety regulations.

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A contract can be modified legally by mutual agreement of the parties involved.;The modification should be documented in writing and signed by both parties to ensure it is enforceable.

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The agreement provides reduced tariffs and enhanced market access for Australian exporters to the U.S. market.;It also includes provisions for the protection of intellectual property and the removal of certain non-tar...

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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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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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Costs of arbitration include arbitrator fees, administrative fees, and legal costs.;These costs can vary based on the complexity and duration of the arbitration.

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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...