116 – Monthly Legal Updater August 2018

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In Show 116 – Fast Fix Monday Monthly Legal Updater August 2018 broadcast on Facebook Live on Monday 6 August 2018 we explore this interesting topic.

Show Notes

It’s time to check-in on the most important legal news from Australia and around the world.

Colleen McCullough Will

The Australian author became world famous when her novel The Thorn Birds sold over 30 million copies.  When she died she left the entirety of her $2.1 million estate to her husband of three decades.  The executor of the will, however, said that McCullough wanted to leave the money to the University of Oklahoma. The judge said that it was a most unusual case but decided to give the money to her husband.

Modern Slavery Law

The new Australian law demands that companies ensure that their supply chains are slavery-free.  Human rights activists have criticized the law for not including any penalties if they breach the law.

Parents throw son out

30 year old Michael Rotondo was still living at home despite being given multiple eviction notices by his parents.  They took him to court and the judge decided that he had to leave the premises immediately.

ACCC data protection law

Earlier this year the EU brought in tough new data protection laws that levied harsh penalties on companies that don’t adequately secure customer data.  The Australian Competition and Commission Chair has said that he is considering bringing in similar regulations in this country.

Cryosite cartel allegation

Cryosite is one of the biggest suppliers of cord blood in the country.  During its acquisition of competitor Cell Care customers were instructed to take all their business to Cryosite.  The ACCC has ruled this amounts to cartel conduct.

ASIC bans bank manager

The regulator has banned a former regional bank manager for fraud.  He is alleged to have accepted false documents for loans.

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.

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