GL Insights
ASIC approves amended banking Code of Conduct
The Banking Code of Practice (the Code) outlines the standards of service and practice for banks in dealing with small business, guarantors and individual customers. The primary aim of the Code is to offer customers safeguards and protections beyond what is stipulated by law. It is designed to complement legal requirements and, in some instances, …
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Making strategic planning effective – fresh eyes and objectivity of an external facilitator
Spending time on developing the strategic direction of a company is one of the most important roles of the Board. Equally important is monitoring both how that strategy is being implemented, and how the operating environment might be changing to affect strategic direction and priorities.
The value of board surveys and board performance reviews
At the end of a board meeting do you feel flat, or energised? Taking note of your energy and whether you feel negative or flat after a meeting can be an indicator that the board is not working effectively and probably not creating value for the company.
Bullying v reasonable requests by supervisor
The Fair Work Act 2009 (Cth) (the Act) provides a process for employees to apply for stop bullying orders where they are being bullied at work. Section 789FD (2) of the Act makes it clear that “reasonable management action carried out in a reasonable manner” does not amount to bullying conduct.
Can I consider a criminal record during the hiring process?
A recent ACAT decision COMPLAINANT DT292023 v THE CANBERRA INSTITUTE OF TECHNOLOGY (Discrimination) [2024] ACAT 42 (the Decision) considered whether the Canberra Institute of Technology (CIT) withdrew an offer of employment to an applicant (the Applicant) based on an irrelevant criminal record that was disclosed as part of her application process.
Additional reporting requirements for certain not-for-profit organisations
From 1 July 2024 (for the previous financial year), certain not-for-profits will be required to lodge a self-review return regarding their income tax exempt status with the Australian Taxation Office.
Reminder: Charities to submit 2023 Annual Information Statement (AIS) by 30 June 2024
To meet their ACNC reporting obligations, charities whose financial year operates on a calendar year (1 January to 31 December) are required to submit their 2023 Annual Information Statement (AIS) by 30 June 2024.
New and amended employment laws from 1 July 2024
From 1 July 2024 a number of new laws and amendments to existing laws will come into effect.
Serious misconduct and working when mentally unwell
In a recent decision of Mr Oliver Doherty v Defend Fire Services Pty Ltd T/A Defend Fire – [2024] FWC 1444 | Fair Work Commission the Fair Work Commission considered whether a worker who attended work whilst mentally unfit to do so, was unfairly dismissed.
Can you identify a business’s intellectual property?
It is important to conduct due diligence before entering into an agreement to ensure that your organisation is actually getting what it paid for. This is particularly true when it comes to intellectual property which can be more difficult to “see”, “touch” and “hold”.