What Laws Must Businesses in Melbourne Follow?

Navigating business law in Australia requires more than just compliance - it requires strategic foresight. A Velocity Legal commercial solicitor provides tailored guidance specific to your business, workforce, and operational risks, ensuring your business is structured for success while minimising exposure to disputes.

Whether you’re navigating complex commercial agreements, structuring a high-value transaction, or dealing with a commercial dispute, our team will be able to advise you on certain laws that your business is required to follow.

• To comply with tax regulations, you’ll need to set up with:
  • An Australian Business Number (ABN), choosing the right structure (e.g., company, trust, or partnership).
  • Goods and Service Tax (GST) if you have a turnover of $75,000 plus or $150,000 if you’re a not-for-profit organisation.
  • A tax file number.
  • Pay-as-you-go withholding to pay mandatory government taxes on behalf of your employees, directors, and some contractors.
• You must adhere to fair trading practices with your customers. This means that your products or services shouldn’t cause physical or mental harm to your customers, and you need to comply with rules regarding returns and refunds.
• Ensure you abide by verbal and written contracts.
• Protect your customers, employees, directors, contractors, and suppliers’ personal details.
• Pay your employees and contractors correctly.
• Don’t engage in workplace bullying or any behaviour that could jeopardise the health and safety of customers and staff.

What Support Can I Expect from Velocity Legal's Business Lawyers?

If you are starting out or you’ve been running your business for years or even decades, you can benefit from working with our commercial lawyers in Melbourne. They will support you in ensuring that you remain compliant with the law and you’re well prepared in the event of any legal challenges you might be or get involved in. Some of the ways we can support you include:

• Preparing and assessing legal documentation.
• Identifying any potential liabilities or risks that could threaten your business.
• Carrying out risk assessments.
• Drafting, reviewing, and negotiating contractual agreements between your business and its staff, suppliers, partners, and any other relevant parties.
• Advising on your legal risk and potential liability in relation to data breaches.
• Advising on procedures regarding the employment and termination of employees.
• Advising and providing representation during dispute cases.
• Putting licensing and copyright clauses in place to protect your intellectual property.

Having the support of our commercial solicitors would put you in a prime position to minimise the risks of costly legal disputes and protect your business from potential lawsuits.

If you want to enjoy running a successful and profitable business with as little stress as possible, contact our team at Velocity Legal today to get the best legal support available in Melbourne. Read Less