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Privacy
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Small businesses have until 21 December to comply with the Privacy Act.
For helpful resources go to the Privacy Commissioner's website

Privacy issues in buying and selling a business

How does the Privacy Act apply to personal information handled in the due diligence process when buying and selling a business?

The Act applies both to information a prospective purchaser is given as well as information a purchaser keeps after completion.

Information sheet 16 on the Office of the Federal Privacy Commissioner's website provides helpful advice on the issue. 

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How to make sure you buy the right property
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Recent publicity was given to a purchaser who paid for a different unit from the one she intended to buy.
Download our tips to avoid buying wrong property.

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Prudential Regulation of Superannuation
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On 28 October 2002 the Minister for Revenue and Assistant Treasurer, Senator Coonan,
announced a package of reforms designed to strengthen the prudential regulation of superannuation in Australia.

The reforms include a requirement for all trustees of APRA-regulated superannuation funds to obtain a superannuation trustee licence (STL), and for all superannuation funds to be registered with APRA prior to accepting contributions.

The Australian Prudential Regulation Authority (APRA) has outlined the criteria superannuation funds have to satisfy to gain a license under its compulsory new standards for industry.

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Unregistered business names
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Queensland traders operating without a registered business name face fines of up to $3000 under a Bill introduced to Parliament by the Fair Trading Minister .

Other changes include:
Protections for consumers against shonky door-to-door traders carrying out emergency repairs; and
Increasing the monetary threshold at which a door-to-door salesman must provide a written contract from $50 to $75.

Emergency repairers will be required to:
provide consumers with written contracts;
produce identification and state the purpose of their call; and
not engage in harassing or coercive behaviour.

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Delisted companies
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The website at http://www.delisted.com.au/ tells you what has happened to
delisted public companies you had shares in and whether you will ever get any money back.