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Michael Bishop2018-06-19T01:39:43+10:00

AMP Changes to BOLR Policy

We are very aware that the changes to the BOLR Policy announced by AMP on 8 August 2019 have created considerable uncertainty for AMP financial planners.  Those changes consist of reducing the 4x multiple of recurring revenue to 2.5x and also reducing and ultimately phasing [...]

October 24th, 2019|Categories: Commercial|Tags: , |

Gym Operators Hiring Personal Trainers – Make Sure You Consider the Options and Understand the Legal Consequences of Getting it Wrong

Gym operators hiring personal trainers –make sure you consider the options and understand the legal consequences of getting it wrongCommercial gyms may engage personal trainers to work with their clientele and add value to the overall membership experience. Gym operators need to consider their approach to [...]

August 14th, 2019|Categories: Commercial, Employment Law|Tags: , |

Time is running out for labour hire providers to apply for a licence – Victorian Labour Hire Authority to manage new licensing regime

Following the introduction of the Labour Hire Licensing Act 2018 (“Act”) providers and hosts in the Victorian labour hire industry will be subjected to greater scrutiny and regulation, beginning with the requirement to obtain a licence on or before 29 October 2019. Under the threat [...]

July 4th, 2019|Categories: Employment Law|Tags: , |

Obtaining Biometric & Health data of employees. It is now more difficult than you think – implications of recent Fair Work decision

Lee v Superior Wood Pty Ltd (2019) FWCFB 95 The employer in question had announced the introduction of finger scanning. There were approximately 80 employees at the worksite in question and Mr Lee was the only employee not to register his fingerprints. He continued to [...]

May 17th, 2019|Categories: Employment Law|Tags: , |

Banking Royal Commission Final Report – Implications for the Financial Planning Industry

The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was handed down on 4 February 2019. The Commissioner, the Honourable Kenneth Madison Hayne AC QC, outlined a number of key recommendations to address the issues identified by [...]

February 11th, 2019|Categories: Commercial|Tags: |

Casual Employment – New amendment to mitigate against ‘double dipping’ outcomes for employees

Employers have recently received some legislative support with regards to casual employees who successfully claim for accrued annual leave and other permanent benefits. As discussed in our recent article on the decision of WorkPac Pty Ltd v Skene [2018] FCAFC 131, an employee may successfully [...]

February 4th, 2019|Categories: Employment Law|Tags: , , |

Employer ordered to disgorge the total capital value of its business as a result of employees’ breach of duties they owed to their former employer

Employees owe certain duties to their employer known as fiduciary duties. These are, put broadly, the duty of loyalty and the duty not to profit. One who knowingly assists another to breach their fiduciary duties may also be held to account for gains made as [...]

December 5th, 2018|Categories: Employment Law, Litigation|Tags: , |