legal requirements

Question 1

What’s a trademark and what are the uses of it? and is it legal to have it?

Answer 1

Trademark – an exclusive
right granted over a unique aspect
of a business, such as a symbol,
word, sound or number that is
used to distinguish the business or
its products.
The use of it is to protect a business name, owners should apply for a trademark.
it is legal requirements for all businesses to register a business with ASIC (Australian Securities and Investments Commission).

Question 2

Introduction to legal requirements

what is important when thinking about legal requirements

Answer 2

A business must stay up to date with and follow all relevant laws during its establishment and operation.

There are legal bodies which monitor, govern and assist businesses in fulfilling legal requirements.

Question 3

Registering a domain name

what is a website domain

Answer 3

an website domain is a website
address which is typed in during
web searches to visit an online site.

A necessary step for businesses operating online is to create a website domain.
Cost can depend on the popularity of the domain name, and registration usually has to be renewed each year, whether the domain is being used to host a website or not.

Question 4

what is a trade practices legislation and what is it used for?

Answer 4

Trade practices legislation are laws which govern how a business interacts with customers and competitors.
Specific industry-related legislation is created to ensure businesses treat customers fairly.

Question 5

what are some of the obligations stated within the cca

Answer 5

Commit to guarantee and warranties
Explanation - Businesses are expected to uphold promises to customer when there is an issue with a good service

Do not collude
Businesses within the same industry must not unlawfully work together. For example, collectively increasing prices for goods or services

Do not falsely advertise goods or services
Business are expected to be honest when advertising the price and function of a good or service

Question 6

what does work safe insurance mean

Answer 6

WorkSafe Victoria is an
independent government
body which governs how
businesses maintain

The Work Health and Safety Act 2011 outlines a large area of law called occupational health and safety.

The Work Health and Safety Act 2011 outlines a large area of law called occupational health and safety.

Question 7

Key ideas

What are some legal requirements

Answer 7

Legal requirements include:
Registering a business name enables a business to operate under a certain name.

Registering a website domain is a necessary step when a business establishes an online presence

Trade practices legislation promotes businesses to fairly interact with competitors and customers.

Business tax compliance is a necessary requirement that all businesses must follow.

Work safe insurance provides employers with insurance if one of their workers is injured at work.

Before a business is established and ready to operate, it is expected to comply with a number of legal requirements and expectations.