Peters Linnette Lawyers - Establishing a business in Australia presentation

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Douglas Linnette from Peters Linnette Lawyers participated in a webinar hosted by UK Trade & Investment Australia on the ins and outs of establishing a business in Australia.

Douglas Linnette from Peters Linnette Lawyers participated in a webinar hosted by UK Trade & Investment Australia on the ins and outs of establishing a business in Australia.

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  • 1. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012UK Businesses in AustraliaPhoto by Flickr user Alex E. Proimos
  • 2. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Australian Legal SystemPhoto by Flickr user mikecogh
  • 3. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Similar to UK• Common law system• Courts operate similarly to UK• Solicitor/Barrister system Photo by Flickr user Canned Muffins
  • 4. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 …but not always• System of Federal laws & State laws• Federal law prevails if there is conflict Photo by Flickr user L. Marie
  • 5. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Corporate StructuresPhoto by Flickr user ardonik
  • 6. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Registered Foreign Companies• UK companies may carry on business in Australia• Requires registration & local agent and office• Most foreign companies set up an Australian subsidiary Photo by Flickr user mtl2tky
  • 7. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 UK Owned Australian Companies• No capitalisation required ($2)• One director minimum• Name availability – check conflicts• Can be established in one day• ASIC compliance straightforward• Resident director requirement Photo by Flickr user mtl2tky
  • 8. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Partnerships• State-based jurisdiction• No separate legal personality• Ease of formation• Partners’ liability• Taxation planning Photo by Flickr user Gideon Tsang
  • 9. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Other Structures• Contractual Joint Venture • Shorter term• Sole trader • Cheap and quick • Personally liable
  • 10. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Business Banking• The big 4 • ANZ • Westpac • National Australia Bank • Commonwealth Plus HSBC• Requirements to open an account • ID for each director • Certificate of incorporation
  • 11. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Commercial TransactionsPhoto by Flickr user Steve Snodgrass
  • 12. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Business Practices• Similar to UK • Regulation of Anti-competitive conduct • Unfair Trade Practices • Strong consumer protection • Product Liability (European Directive on defective goods incorporated into Australian law) • Privacy Law Photo by Flickr user o5com
  • 13. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Use of UK Style Agreements• Most UK business transactional documents have direct Australian equivalents• Straightforward to wrap Australian flag around a UK Agreement Photo by Flickr user o5com
  • 14. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Commercial PropertyPhoto by Flickr user woodleywonderworks
  • 15. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Commercial Property• State-based legislation governs leases• FIRB notification generally not required Photo by Flickr user S Baker
  • 16. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012Typical commercial lease• Office • Full-form leases usual • 3-month deposit / guarantees • Options to renew are usual• Retail • Special disclosures • Minimum 5-year term Photo by Flickr user S Baker
  • 17. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Employment LawPhoto by Flickr user wildxplorer
  • 18. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Fair Work Act• National system • Common law agreements • Awards • Collective agreements• National minimum standards for employees Photo by Flickr user o5com
  • 19. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 National Employment Standards1. Maximum hours2. Flexible work3. Parental lease4. Annual leave5. Personal/carer’s leave & compassionate leave6. Community service leave7. Long service leave8. Public holidays9. Notice of termination & redundancy10. Provision of Fair Work Information Statement
  • 20. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Unfair Dismissal• Fewer than 15 employees • 1 year bar • simplified system to dismiss employees without risk Photo by Flickr user o5com
  • 21. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Intellectual PropertyPhoto by Flickr user SomeDriftwood
  • 22. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Copyright• Automatic• 70 years’ protection (same as UK)• UK & Australia signatories to Berne Convention Photo by Flickr user Horia Varlan
  • 23. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Trademarks• 10 years – renewable• Early assessment available• Inexpensive• ‘First to use’ system• Madrid Protocol Photo by Flickr user Sydney Heritage
  • 24. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Patents• ‘First to file’ system• Patent Cooperation Treaty (PCT)• Types • Provisional patent – 12 months • Standard patent – up to 20 years • Innovation patent – up to 8 years • Pharmaceutical patents can last up to 25 years Photo by Flickr user o5com
  • 25. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Business VisasPhoto by Flickr user FrancoisRoche
  • 26. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Business Visits – up to 3 months• Electronic Travel Authority (ETA) – subclass 977 & 956• UK citizens – apply through service providers• Limitations • Preliminary meetings and appointments only • No work (limited exceptions) Photo by Flickr user James Cridland
  • 27. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Long Stay Business Visas• Temporary Work (Skilled) visa (subclass 457)• Three step application process • Sponsorship • Nomination • Visa• Sponsor training obligations• New companies can apply to be sponsors
  • 28. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 457 – Ongoing Obligations• Continuing obligations include • Training • Record-keeping • Health insurance• Liability for return travel costs• Reportable events include • New director • Resignation of worker • Change of circumstances Photo by Flickr user BriYYZ
  • 29. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 Questions?Photo by Flickr user Milos Milosevic
  • 30. UKTI WEBINAR 9:30am (GMT) Wednesday 12 December 2012 ContactDouglas LinnettePartnerPeters Linnette LawyersTel: +61 (0)2 9241 6677www.peterslinnette.com.au @PLL_LawPhoto by Kozzi