159 – Monthly Legal Updater

In Show 159 originally broadcast on Facebook Live on Friday, Dec 14, 2018 we explore this interesting topic.

Show Notes

Royal Commision Called

There was some explosive news this week after the High Court lifted a suppression order involving the Victoria Police and a barrister.  The barrister’s name has not been released but we know that while she was representing clients involved in organized crime she was at the same time informing on those clients to the police.  The Victorian Premier announced a Royal Commision to investigate what some have called an “appalling breach of lawyer-client privilege.”

Encryption Laws

The Australian Government has passed a new law that will allow law enforcement to access some encrypted messages.  There has been a lot of criticisms of the law which some believe gives far too much power to the government to invade individual  privacy.

Modern Slavery Laws

A new law recently passed by the Australian Parliament is targeting what’s called modern slavery.  Companies with revenues over $100 million will have to report on the risk of slavery in their supply chains.

ASIC and ACCC News

  • Former company director John Falconer was sentenced to 4 ½ years in prison for making illegal payments from a company account.
  • UBS Security has paid  a $120 thousand fine for accidents related to breaching the ASC unfair conduct rules
  • Westpac and ASIC had previously reached an agreement where the company would pay a $35 million fine for unfair lending practices.  A judge has now rejected that deal.

More about this Show

We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms.  Most importantly we want to help you to develop a plan to take your business successfully into the future.  There’s a startling statistic the underscores the importance of developing a solid plan.  The majority of business owners are just seven months away from losing everything.  A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly.   Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients.  We want to close that gap once and for all.  We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.

Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV.  We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with.  Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.