Chapter 3 of the Building Industry Fairness (Security of Payment) Act 2017 (Qld) was amended on 1 October 2020. The main changes are: Head contractors’ payment claims must be accompanied by a supporting statement declaring that…
Should I Get That in Writing?
Business owners will be aware that entering into an agreement is an essential and inevitable part of running any business, no matter what size. Whether it is a contract of sale or an agreement to provide…
Now is the time to Restructure
The COVID-19 pandemic has presented enormous challenges for businesses, both big and small. Federal and State Governments have tried to meet those challenges through the introduction of various stimulus packages aimed at assisting businesses that are…
Can I get out this contract due to COVID-19?
The pandemic of COVID-19 has caused major disruption to the global economy at an unprecedented pace. As a result, businesses are struggling to meet contractual obligations, causing a harmful domino effect. You do not need to…
Retail shop leases – tenants beware!
In today’s volatile retail environment, it is becoming increasingly common that retailers are finding themselves in financial difficulty and unable to meet their obligations to landlords and suppliers. This is often driven by decreased sales due…