Small businesses, like all
businesses, operate in an increasingly regulated environment. Increasing business regulation is being driven by public desire for
greater protection of consumers, workers and the physical environment. These developments are
occurring in a rapidly changing and increasingly complex society. Being in business, you need to comply with all
relevant laws and regulations. Legal compliance avoids regulators imposing
penalties and others suing for damages.
and Risk Management in Small Businessoutlines the necessary
steps for small businesses to take in order to prevent breaches of the law. It enables
new businesses,firstly, to identify and implement all relevant
regulatory requirements. It then delves into the intricacies of contracts, the
legally enforceable agreements that create rights and obligations. Specific
chapters focus on the need to negotiate and arrange contracts applying to work
relationships, insurance cover, commercial leasing and other land dealings. It
concludes by covering ongoing business compliance with legislative requirements
relating to consumer protection, work health and safety, taxation procedures
and business records.
Simultaneously, this book
recognises the integral role that risk management plays in ensuring legal
compliance. Aspects of risk management include structuring your business,
managing daily operating risks, conducting periodic workplace health and safety
audits, and arranging appropriate insurance cover.
and Risk Management in Small Business also includes short-answer exercises at the end of sections
and quick quizzes at the end of chapters to test your understanding. The book also
includes a comprehensive glossary of terms and answers to the quick quizzes.
Chapter 1: The regulatory environment; Business regulation generally, Sources of law, Resolving legal disputes, Alternative resolution processes, Getting legal advice, Sources of legal information
Chapter 2: Business ownership structures; Types of business structures , Sole trader, Partnership, Joint venture, Private company, Cooperative, Trading trust, Which business structure?
Chapter 3: Business regulation; Forms of regulation, Business name registration, Domain name registration, Taxation registrations,
Occupational licences, Permits and approvals, Industry codes of practice, Getting information.
Chapter 4: Ideas protection; Forms of business ideas, Copyright works, Designs, Trademarks, Inventions, Confidential information,
Part B: Negotiating and Arranging Contracts.
Chapter 5: Contracts generally; What are contracts?, Elements of a contract, Breaches of contract, Exclusion clauses, Discharge of contract,
Chapter 6: Work relationships; The workplace relations system, Status of workers, Engaging workers, Vicarious liability of employers, Regulation of employment, Equal opportunity in employment, Terminating employment, Appointing agents ,
Chapter 7: Insurance cover, Insurance regulation, Insurance principles, Compulsory insurance , Optional general insurance, Optional personal insurance, Negligence and risk, Managing operating risks.
Chapter 8: Leasing and ownership; Dealings with land , Leasing business premises, Buying business premises, Borrowing to buy, Operating from home.
Part C: Complying with Legislative Requirements; Chapter 9: Consumer legislation, Consumer protection, Sale of goods acts, Australian consumer law – consumer guarantees, Australian consumer law – product safety, Australian consumer law – unfair trading practices,
Australian consumer law – other provisions, Unsolicited marketing practices, Anti-competitive conduct, Chapter 10: Work health and safety , Work health and safety laws, Work health and safety duties, Reporting workplace incidents, Consulting with workers, WHS codes of practice, WHS audits,
Chapter 11: Taxation procedures; Taxation generally, Income tax, PAYG instalments, PAYG withholdings, Fringe benefits tax (FBT), Superannuation guarantee, Goods and services tax (GST), Activity statements.
Chapter 12: Business records, Record requirements overview, Employee records, Work health and safety records, Records for income tax,
GST records, Legal documents, Privacy protection.
190 x 245
BSBSMB401 Establish legal and risk management requirements of small business
About the authors
Ian Birt is an accountant and registered tax agent. He has degrees in accounting and law, as well as postgraduate diplomas in education and psychology. He has worked extensively in small business, at every level, and for an accounting firm specialising in small business clients.
an has taught small business financial management and taxation over many years in the vocational training system, and has written several successful books covering all aspects of small business management. The following books by Ian Birt are published by Tilde Publishing: Manage Finances and Develop Financial Plans: Running Your Business Better, Fifth Edition; and Marketing and Promoting Your Business: Products and Services, Second Edition; and Be Your Own Boss: The Practical Self-Employment Handbook.