July 2016

01 Jul

Posted at 00:00h in General

Written by Eugene Reinboth With the rise in property prices, one of the approaches for a person to enter the property market is to turn to family and friends to help buy a home or investment property jointly. There are obvious advantages – such as being able to buy into a desirable location or to get a better quality property than would otherwise be possible individually. As the acquisition and ongoing costs such as rates and taxes are split, each co-owner’s proportion is more affordable. To be successful, it is essential that the co-owners be compatible. That helps harmonious decision making with less downtime with arguments. Additionally, a co-ownership agreement prepared by a lawyer will go a long way to dealing with predictable and unforeseen events. Who is to pay what and when? What if one wishes to leave? What if there is no consensus as to a particular matter? These issues can be dealt with in a formal agreement at the beginning, rather than when an event is upon the participants. Charlie Belperio or Eugene Reinboth from our property team would be pleased to assist you in such matters and are available on (08) 8212 1322 during office hours....

01 Jul

Posted at 00:00h in General

Written by Eugene Reinboth eugene@bc-lawyers.com.au From 1 July 2016, there is new country of origin labelling requirements for most food sold in Australia. These are set out in the Country of Origin Food Labelling Information Standard 2016 made under the Australian Consumer Law (ACL). Businesses have two years to adopt the new labels before they become mandatory on 1 July 2018. Consumers have been confused about the country of origin food labelling for a long time. They have been calling for changes to simplify origin claims on foods and to make them clearer, more meaningful and easier to find. Businesses, though recognising the value of country of origin labelling, have often struggled to understand labelling requirements or to meet consumer expectations. It would appear likely that Suppliers who are prepared to adopt the Standard’s requirements before the 1 July 2018 deadline will be rewarded by Consumers’ custom. The Country of Origin Food Labelling Information Standard 2016 regulates the type and amount of information that businesses will have to provide to consumers about the food they buy. It will apply to most food offered for retail sale in Australia, including that sold in stores or markets, online or from a vending machine. The law does not apply to food sold in places like restaurants, cafes, takeaway shops, schools, or to...

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