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 September 2020.
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.
Prior to the onset of the global coronavirus (COVID-19) pandemic, Australia was among the fastest-growing economies in the Organisation for Economic Co-operation and Development (OECD). Compared to other OECD countries, Australia has navigated the health and economic impacts of coronavirus well, and remains a strong economy to conduct business and invest in. 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,
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