Archive for August, 2011

29
Aug

Facebook Fan Page Liability

Businesses With Facebook “Fan” Pages Beware – It is Possible You Can Become Liable For Comments by Others In Social Media… FacebookWith a recent publication stating that an average internet user spends more time on Facebook than on Google, Yahoo, YouTube, Microsoft, Wikipedia and Amazon combined, it is hardly surprising that Facebook has become a

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29
Aug

Personal Property Securities Register online from October 2011. Are you ready?

What is PPSA? The Personal Property Securities Act (PPSA) is due to commence on 10 October 2011. It essentially replaces all current law applicable to the taking of security over personal property, including replacement of ASIC charges register and REVS (vehicles). A key feature of the new legislation is the creation of the Register of

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29
Aug

Personal Liability for Directors – Federal Budget 2011

The 2011 Federal Budget may have been relatively mild with few surprises or major changes for average Australians but for all Australian company directors it was very significant. The Budget announced its plan to counter “fraudulent phoenix activities” by increasing personal liability for directors. What are “phoenix activities”? ASIC defines phoenix activities as those when

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