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Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law

   

Added on  2023-06-08

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ADVANTAGES OF DOING BUSINESS IN DIFFERENT
AUSTRALIAN STATES IN RESPECT OF DIFFERENT
CHANGING ASPECTS OF BUSINESS LAW
1
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_1

Acknowledgement
I would like to show my thankful to my professor for helping me to conduct this dissertation. I
am also very thankful to my professor for appending me the concept of business law and also in
the context of Australian change in business law. Furthermore, I shall be grateful to professor for
supporting me and giving motivation while conducting this dissertation. I would like to show my
gratefulness to my college as they have given me the opportunity for conducting such research,.
Along with this, I also want to thank to my principle to give me the scope of conducting the
systematic task with a proper guideline. As for this reason, I have able to complete the work with
less error and with more findings that help me to continue with my study in future. At the end, I
must thank to my friends and family for supporting me in my academic work and provide me
time for creating my future progress.
Heartfelt thanks and warmth wishes
Yours sincerely
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_2

Abstract
In the first chapter, an introduction to the study has provided with a background. This is followed
by the provision of research aim and objectives along with the research rationale. Therefore the
rationale helps to identify that the modified laws are even more impactful for the businessman
and consumers. Thus this study will try to establish more advantages of using business laws in
different parts of Australia.
In the second chapter, the review of literature has done. In that, the concept, necessity, and
impacts of existing and modified laws for the benefit of different organisations have discussed. It
has proceeded through a conceptual framework.
In the third chapter 3, research methodology has discussed. For the present study mainly the
secondary qualitative research has been used. Along with that different research approaches,
philosophy and data collection, sampling or other details have also discussed in brief. This is
ended with the provision of an overall summary of the chapter.
The fourth chapter is an important aspect of this study where case studies from a different
province of Australia regarding business laws have discussed. A detailed analysis has attempted
based on the study findings. The findings of this analysis help to identify Western Australia
changes of entitlement for casual and part-time employees, Origin of food labelling in Southern
Australia and Data Breach Changes. Along with that, it also helps to detect updates to the
National Privacy Act in Victoria, National Minimum wage in Tasmania and Single Touch
Payroll in Queensland with an analysis on Fees and gift card expiry dates in New South Wales.
Based on the overall discussion, in the last concluding fifth chapter, a SMART recommendation
has provided along with a future scope of the study and literature gap of the present study. Thus
as a concluding statement, it can be said that following of all the legal aspects from buyers and
sellers point of view could help them to protect each other's dignity.
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_3

Table of Contents
Chapter 1: Introduction....................................................................................................................6
1.1 Introduction............................................................................................................................6
1.2 Background of the Study........................................................................................................6
1.3 Research Aim.........................................................................................................................7
1.4 Research Objectives...............................................................................................................7
1.5Research Questions.................................................................................................................7
1.6 Research Rationale.................................................................................................................7
1.7 Structure of the dissertation...................................................................................................9
1.8 Summary..............................................................................................................................10
Chapter 2: Literature review..........................................................................................................11
2.1 Introduction..........................................................................................................................11
2.2 Conceptual Framework........................................................................................................11
2.3 Concept of business law in the business of Australia..........................................................12
2.4 Necessity of business law for running or starting business.................................................13
2.5 Adoption of changing law in the business...........................................................................15
Chapter 3: Research Methodology................................................................................................19
3.1 Introduction..........................................................................................................................19
3.2 Research Outline..................................................................................................................19
3.3 Methodology........................................................................................................................20
3.4 Gantt Chart...........................................................................................................................24
3.5 Summary..............................................................................................................................24
Chapter 4: Findings and Analysis..................................................................................................25
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_4

4.1 Introduction..........................................................................................................................25
4.2 Thematic interpretation in case examples............................................................................25
4.3 Summary..............................................................................................................................29
Chapter 5: Conclusion and Recommendation...............................................................................30
5.1 Conclusion...........................................................................................................................30
5.2 Linking with objectives........................................................................................................30
5.3 Recommendation.................................................................................................................31
5.4 Future Scope........................................................................................................................32
5.5 Research Limitations............................................................................................................32
References......................................................................................................................................33
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_5

Chapter 1: Introduction
1.1 Introduction
In this era, striking developments due to the changes in the business laws has created ample
innovative opportunities in the business sectors. The laws and ethics are changing in this era, is
making business operation smooth thereby restricting the illegitimate acts. Now, onto thrive on
this laws-ethics conception, business laws are important and have to be maintained by an
individual before starting an ongoing business process. Business law provides a framework
regarding the operation of business. There are certain laws, like; income tax, sales tax and so on,
these are the laws and regulation present that every businessperson has to maintain while leading
a business. All the business laws are declared by different countries government, the business
law varies from country to country. In this context, recently the Australian Government has
undertaken some metamorphosis in their previous business law, this new laws are mobilized and
implemented since 1st July 2018.
1.2 Background of the Study
The main area of this dissertation is to apprehend the advantages and the opportunities that the
Australian states are getting by a metamorphosis in business laws. Innovation always deals with
something new and distinctive. Protection against breaches and unfair trade practices due to
changing laws has made business proceedings easier which has been highlighted in the business.
The business the most significant and important change the Australian Government has made is
change in national minimum wages. It is been declared by the Fair Work Commission of
Australia that the minimum wages proliferates by 3.5%. Another significant law by Australian
Competition and Consumer Commission (ACCC) is that all the products, whether it is
manufactured in the homeland or imported goods, must display a proper label in all the products.
Therefore, it is evident that the change in business law can surely benefit the entrepreneur as well
as the customers also.
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_6

1.3 Research Aim
The main aim of this research is to investigate the advantages for doing business operations due
to changing laws in different states of Australia.
1.4 Research Objectives
To identify concept of business laws required for smooth operation of the business
To establish a direct impact with the changing business laws on the smooth operations of
the business in Australia
To critically evaluate the challenges faced due to un commonality in business laws seen
during business operations
To identify the relevant improvement in challenges faced by business organisation due to
un commonality in business laws
1.5 Research Questions
1. What is the nature of business laws that are required for simplifying the business
operations?
2. What is the impact of the changing business laws on the smooth operations of the
business?
3. What are the challenges faced challenges faced by business organisation due to un
commonality in business laws?
4. What improved steps can be introduced for overcoming the challenges faced due to un
commonality in business laws?
1.6 Research Rationale
Changing trade laws, unpredicted pricing, lack of commonality in standards and employee shift
time are considered as an issue for doing business in different countries. Globally, there has been
change in all business laws and ethics, therefore, according to a report; these countries are facing
different conundrums due to lack of one standard in different law. On the other hand, in this year
2018, Australia Government has gone through different change in their law (like; national
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_7

minimum wage, privacy, food labelling and so on). By the change in this laws and ethics,
Australian different organisation from different states are getting advantages by the change in
this law. Their ongoing business process of this state's business organisation has become more
lucid and effective. Furthermore, there was an issue regarding the breaching of personal
information of business organisation. Immediately, Australian Government has innovated their
privacy breach law in more secure and protective way. This laws and ethics are been effective
since 1st July 2018.
Australian Government has found that there is an increase in breach and hacking of personal
information among different business organisation. This has been further made serious harm to
the different states business organisation as well as to individuals also. Moreover, there were
issues regarding incentives and shift time of employees. Therefore, Fair Work Commission of
Australia has declared a change in this system. Hence, the business organisations have to
increase the award rate and restrict the working hours to their employees. This change has been
effective from the January 1st, 2018. Major change the Australia Government has brought in
their national minimum wages. The Fair Work Commission has announced that there will be an
increase of 3.5% to minimum wages. This change will be effective from 1st July 2018.
Previously, the minimum national wage in Australia was $694.90 per week or $ 18.29 per hour.
It is from the evidence that every year, Australian Government change their national minimum
wage. As mentioned above, globally there has been change in all business law across different
countries in this globe. This change in law has a negative impact on the different business
industries throughout the world. On the other, Australian has also undergone different change in
their law and ethics and the business organisation of different states of Australia are enjoying this
change in law. This can be challenge of Australian Government to manifest globally, that their
change in law does not creating any negative impact in business organisation. Moreover,
Australian Government convinced in changing the law because there were some issues who were
creating harm to business organisations.
First and fore mostly, breaching and hacking of personal information of different business
organisation is unethical. These were causing serious harm to the different business organisation
of Australia. The Office of Australian Information Commissioner (OAIC), immediately has
Advantages of Doing Business in Different Australian States in Respect of Different Changing Aspects of Business Law_8

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