From www.aicd.com.au: Almost 80% of Australians use social media daily, posing significant legal and psychosocial risks for companies, directors, and employees.
Employers must ensure employee safety and well-being in both physical and online work environments, adhering to legal obligations regarding harassment and consent for social media participation.… read more
From www.aicd.com.au: New Australian wage theft laws, effective January 1, 2025, impose significant penalties on employers and directors for intentional or unintentional underpayment of employees.… read more
From www.aicd.com.au: The Court of Appeal for the Fifth Circuit in the U.S. vacated the SEC’s approval of Nasdaq rules requiring board diversity, questioning the SEC’s authority and the relationship of the rules to the Exchange Act.… read more
From worrells.net.au: Liquidation is the process of closing a company and distributing its assets to creditors, overseen by a liquidator who resolves claims based on a defined priority order.… read more
From worrells.net.au: The importance of proper registration of security interests under the Personal Property Securities Act to prevent issues during voluntary administration.
A recent case involved Company A, where three vehicles became unsecured assets because the relevant securities were defectively registered, allowing Worrells to deal with them without honouring outstanding finance.… read more
From www.journalofaccountancy.com: Accounts receivable aging analysis is an important tool for managing customer invoices and cash flow, typically categorised based on due dates.
Using Excel, users can automate the creation of an AR aging schedule by applying formulas to calculate days past due and categorise invoices into aging buckets.… read more
From www.hcamag.com: A casual worker in the security industry claimed he was effectively dismissed after his shifts stopped due to concerns about pay and a mandatory mobile app he refused to install.… read more