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Provisions in the Competition and Consumer Act 2010 (Cth) which prohibited large businesses from charging excessive surcharges for processing credit card, debit card or EFTPOS transactions have been extended to apply to any business that is either located in Australia or uses an Australian bank. This change came into effect on 1 September 2017. The…Read More
The ipso facto reforms, which are expected to come into effect on 1 January 2018, are likely to have a substantial impact on the way in which businesses manage their insolvency risk. Insolvency risk is the risk that the party you are transacting with goes insolvent and is unable to pay the debts that are…Read More