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IP and your business

IP and your business

1 September 2012

Intellectual Property is the creation of something new or original that can be legally owned. Almost every business will have some form of IP, whether it is an invention, a new process, your logo or, a product name, appearance or packaging. 

Ideas, unique designs, concepts or processes are the things that set your business apart from its competitors and are important for long-term financial success in a competitive marketplace. It’s important to consider how you can protect this valuable asset from competitors who may wish to copy and to understand how to exploit your IP for further business success. 

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Record funds raised for burns victims and families

Record funds raised for burns victims and families

1 September 2012

Boyce fielded a record 60-strong team in last month’s City2Surf Challenge and with the generous support of our clients, colleagues, family and friends the final fundraising tally topped a massive $28,000.

This year the Boyce team elected to support the Burns Support Foundation (BSF), a non-profit organisation that provides assistance and support to burns victims and their families. All of the work they do is carried out by volunteers, without any government support. 

There was a special motivation behind the huge fundraising effort this year as Cooma director, Julie Schofield, was a burns victim as a child. 

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Protecting your personal property rights

Protecting your personal property rights

20 August 2012

Business owners are encouraged to register ownership of personal property assets to ensure your interests are protected under the new Personal Property Security Act (PPSA) that came into effect on 30 January this year. 

The existing concept of ‘title’ is irrelevant under the new Act, and is replaced by the concept of a ‘Security Interest’. 

Personal property becomes ‘security’ when a secured party takes an interest in personal property as security for a loan or other obligation, or enters into a transaction that involves the supply of secured finance. 

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Director penalty notice changes enacted

23 July 2012

It seems that every week there is news of another company in financial trouble, the latest being the iconic Australian confectionary manufacturer and retailer Darrell Lea. In such challenging economic times it is imperative to be aware of your obligations as a company director. 

The Tax Laws Amendment (2012 Measures No. 2) Bill containing significant changes to Director Penalty Notice (DPN) arrangements passed through Parliament and received Royal Assent in late June 2012, bringing these new laws into operation. 

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key workplace changes come into effect

23 July 2012

As we embark on a new financial year it is timely to consider the legislative changes that may affect your workplace practices.  

Award Increases 

Recently, Fair Work Australia (FWA), the Government’s industrial umpire, announced an increase of 2.9% to the minimum wage in modern awards, effective from the first pay period on or after 1 July 2012. This increase applies to the minimum wage entitlements of most employees covered by the national system.

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