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A sole trader is an individual running a business, while a company is a separate legal entity owned by shareholders.;Sole traders have unlimited liability, whereas companies provide limited liability protection to the...

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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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Essential documentation includes medical reports, employment records, and incident reports.;Having clear evidence significantly increases the chances of a successful claim.

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The primary regulations include the Customs Act 1901, Export Control Act 1982, and various free trade agreements Australia has signed.;Businesses must also comply with the Biosecurity Act 2015 and the Imported Food Co...

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If a debt is not paid, creditors can pursue legal action, which may result in a court judgment against the debtor.;Failure to pay can also lead to additional costs and damage to the debtor's credit rating.

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Businesses must comply with the Export Control Act 1982, which regulates the export of certain goods, especially agricultural and defense-related products.;They must also ensure that their goods meet the standards and...

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Cryptocurrency is treated as property for tax purposes, subject to capital gains tax.;Gains from cryptocurrency transactions are taxable, while losses may be claimed as deductions.

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To register a business name, you need to apply through the Australian Securities and Investments Commission (ASIC) website.;You will need an ABN to register a business name, and the name must not be identical to an ex...

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Common defenses against personal injury claims include contributory negligence, where the plaintiff's actions contributed to their injury.;Defendants may also argue that the claimant assumed the risk of injury or that...

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In Australia, the legal ground for divorce is the irretrievable breakdown of the marriage, evidenced by 12 months of separation.;No-fault divorce is practiced, meaning that neither spouse has to prove wrongdoing by th...