key legal requirements

Question 1

registering a business name

Answer 1

Australia Securities and Investments Commission (ASIC)
Businesses need to register a business name expect when it is that of the owner, then it is optional.
If something is added to personal name (‘pty ltd’, ‘motors’, ‘and associates’, or ‘and co’) then it will need to be registered.
Owners must have ABN (Australian business number) to apply for a business name.

Question 2

trade mark business name

Answer 2

allows you to have full rights over it + can distinguish you from competitors.

Question 3

trade practices

Answer 3

OHS Act 2004 - main legislation that protects employees in the workplace.

Question 4

work safe

Answer 4

Provides WorkCover insurance (compulsory expense for Vic Employers). Covers:
Replacement of lost income.
Medical + rehabilitation treatment costs
Legal costs
Lump sum compensation in event of serious injury