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2023 Changes to the ACT tenancy laws

The ACT Tenancy Laws

The Australian Capital Territory (ACT) Government introduced new tenancy laws on November 1, 2019, which were designed to provide more security for tenants and to ensure that landlords could not take advantage of a tight rental market to extract higher rents or evict tenants without cause. These changes included limiting rent increases, establishing minimum standards for rental properties, and limiting the amount of rental bonds that could be charged.

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The Hidden Pitfalls in Your Commercial Lease: Get Protected by Sydney’s Leading Lawyers

Unquestionably, in the corporate corridors and boardrooms of Australia, commercial leases often take center stage in long-term business planning. Whether you are an entrepreneur, part of a well-established corporation, or an executive at a financial institution—no matter your role, a commercial lease will likely influence your professional journey. This is where a commercial lease lawyer in Sydney, like Boettcher Law, comes into play as Sydney’s foremost authority in commercial leasing. This article aims to unravel the hidden pitfalls in commercial leases, pitfalls that could significantly affect your bottom line.

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Australian Businesses and European Privacy Law

Picture of a legal document, the European Privacy Law Compliance for Australian Companies

European Privacy Law Compliance for Australian Business

Why would an Australian firm need to achieve European Privacy Law Compliance? The General Data Protection Regulation (GDPR) is the European Union’s overarching privacy law. It imposes strict obligations on organisations that handle the personal data of EU citizens. The privacy rights under the GDPR attach to the EU citizens’ data and apply anywhere in the world. This means, that if your business holds/processes the personal information of EU citizens, you are subject to the GDPR. You must take steps to comply with its obligations or risk significant fines.

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Research commercialization: translating our nation’s ingenuity into capital

Research commercialization is the process of transforming ideas or research into marketable products, income from licenses and/or revenue from sale of a product. Commercialisation of research is key for our nation’s growth and enhancing the lives of future generations.
Australia’s world class universities are hubs for quality research and are gaining attention for valuable commercialization. However, universities are struggling to resurface from COVID-induced crises of insecure employment, falling international student revenue and sliding research funding. Even before COVID, Australia’s funding of research and development (R&D) has been in the lower half of OECD nations for the past 20 years. The question remains whether Morrison Government’s $2.2 billion University Research Commercialisation Package (URCP) will quench our university’s R&D fund double-decade thirst.
The URCP aims to improve the translation of Australian university research into breakthrough products. The package hopes to see universities, industry, and government partner to drive commercial returns. Preliminary areas of research include medical products, food and beverage, recycling and clean energy, resources and technology, critical mineral processing, defense, and space. URCP has five success factors: scaled investments over long-term horizon, commercialisation directed towards national priorities, industry-led innovation, established collaboration between universities and industry, and engaged research institutions. Only time will tell whether the URCP will have any significant impact on our nation’s economy, but for now, we can put faith in our nation’s academia for innovative change.