The following Commercial practice note Produced in partnership with Andrew Lumsden of Corrs Chambers Westgarth provides comprehensive and up to date legal information covering:
Updated in March 2019.
The business environment
Forming a company
Financing a company
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties (business contracts)
Protecting key assets and employees
Australia’s strong economy, skilled and multilingual workforce, competitive tax structure and stable political environment make it an ideal location for foreign investment. The Australian market also enjoys the benefits of relatively low set-up costs, easy access to the Asia-Pacific region, a vibrant financial services sector and a time zone which accesses both the close of business in the United States and trading opening in Europe.
Being among the fastest-growing economies in the Organisation for Economic Co-operation and Development (OECD), Australia’s economy comprises primary industries such as resources, energy and agriculture, as well as rapidly expanding secondary industries in goods and services, information technology, tourism and education.
Australia has established bilateral trade relationships with Japan, Indonesia, Malaysia, China and the United Arab Emirates over many years. It is party to a number of Free Trade Agreements (FTA), notably with the United States, Chile, Thailand, New Zealand, Singapore, Malaysia, and most recently, China, Japan and Korea. Australia is also party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. FTAs with India, the EU and the Gulf Cooperation Council are currently under negotiation.
Australia has low barriers
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