ICT302 – Entrepreneurship

and Innovation
Week 11
Webinar – Legal and Regulatory Challenges

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 Introductions

Director of Academic
Dr. Khimji Vaghjiani Program and Unit
Coordinator

Email: Consultation Time:

khimji.v@sistc.nsw.edu.au Monday 9am

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 Group presentations

We will have student services coming today at 12.40pm

Today : Lecture 11-12pm

Final breakout one-one’s 12-12.40pm
Student services 12.40pm
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 Group presentations

During week 12 class Thursday and Friday

Order from Group 1 – 9 each day.
5 min present + 5 min questions
Everyone to present with camera on ! – So, I can provide mark

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Topics for this week
After completing this chapter, you will be able to:
• Shareholder’s agreement
• Business registrations
• Fair trading
• Contracts
• Privacy laws
• Employment laws
• Anti-bullying laws
• Unfair dismissal
• Contractors
• Intellectual property
• Importing and exporting
• Environmental protections
• Marketing compliance
• Terms and conditions

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 Business Registration
• If you conduct a business, you may need to comply with tax obligations. These
could require you to register for:
• Australian business number (ABN)
• Goods and Services Tax (GST)
• Tax file number (TFN)
• Pay as you go (PAYG) withholding
• Other optional registrations include:
• Business name – if you want to trade under a particular name, you may need to
register it.
• Trade marks - if you want exclusive rights to a business name, you need to
register a trade mark.
• Website domains - if you set up a website, you need to register a domain name.

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 Registering a business name

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 Key terms

• Discuss with your groups the process of registering a business?

• What are ABN, TFN, GST and PAYG?

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Fair Trading
• Fair trading laws ensure your business operates fairly and competitively. These laws also ensure
that you inform and protect your customers.
• To make sure your business meets fair trading regulations, you need to consider:
• Fair trading laws
• Australian Consumer Law and your business
• Competition and Consumer Act
• Australian standards
• Codes of Conduct
• When you sell products or services, you need to
• understand:
• Australia's trade measurement laws
• displaying prices
• product labelling
• secure card payments
• warranties and refunds

Source: https://wfto-europe.org/the-10-principles-of-fair-trade-2/

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 Contracts

• When you agree to do a job in exchange for money or some

other benefit, you're probably entering a commercial
contract. This contract is legally enforceable regardless of
whether it is a ‘handshake deal’ or written agreement.
• Make sure you understand the contract before signing.

Source: https://www.mccabeandco.com/news/employment-contracts-day-one-obligations/

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 Privacy Laws
• If you collect and store your customers’ personal
information, you must comply with privacy laws. These
laws detail how a business must handle personal
information, especially as it relates to direct marketing
purposes.
• Use the Office of the Australian Information Commissioner 
checklist to help you determine whether you need to
comply with the Australian Privacy Principles.

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privacy-laws/
 Employment Laws

You have legal obligations when you employ people. Your

obligations require you to:
•pay your employees correct wages
•abide by work health and safety (WHS) regulations and
codes of practice
•ensure you have workers’ compensation insurance for
each employee
•not act in a way that may seriously damage an employee's
reputation or cause mental distress or humiliation
•comply with any working with vulnerable people or children
requirements

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 Anti-bullying Laws

• Bullying at work occurs when a

person or group of people,
repeatedly behave
unreasonably towards a worker
and put the worker's health or
safety at risk.
• Harassment and bullying in the
workplace has legal risks. If you
employ people, be aware of the
steps you can take to minimise
your potential liability. Source: https://www.handband.com.au/us/blog/tag/anti-bullying-bracelets/

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 Unfair Dismissal

• The Small Business Fair Dismissal Code provides small

businesses with a process to follow if they need to 
dismiss an employee. The Code applies to your business if
you have less than 15 employees.

Source: https://wagethieves.com.au/

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 Contractors
You need to comply with different legal obligations
when hiring a contractor or an employee. Make sure
you understand the difference between a contractor
and an employee.
Find out whether a worker is an employee or
contractor for tax and super purposes.

Source: https://www.umbrellaaccountants.com.au/employees-or-independent-contractors-business-
guide-to-hiring-labour/

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 Your business may have 
Intellectual Property intellectual property (IP) it
needs to protect. Before
applying for your intellectual
property right, you should do a
comprehensive 
search to make sure that it isn’
t already registered
.
You can register IP yourself or
seek advice from legal
professionals.

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 Importing and Exporting
• You must follow certain laws and permits before you import
or export products. Understand your legal requirements of 
importing or exporting  as part of your business
operations.

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 Environmental Protections

• Federal, state and local governments jointly administer the 

environmental protection laws in Australia. As a business
owner, you need to understand which laws apply to you.

Source: https://www.worldatlas.com/articles/top-5-environmental-concerns-in-the-21st-century.html

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 Marketing Compliance

• You must comply with relevant regulations when 

marketing your products or services. These regulations
ensure that you don’t mislead your customers.

These regulations include laws on:

• advertising
• signage
• spam
• pricing
• licensing for using music in your advertising or even playing
music in your business

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 Terms and Conditions
• If your business operates digitally, you may need to include
your policies on your website. The most common policies on
websites include: Terms and conditions
• Privacy policy
• Returns policy
• Terms and conditions help establish how visitors, users and
customers use your website. As your customers may not
interact with you directly before purchasing a product or
service, terms and conditions may act as a contract between
you and the customer.

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 Conclusion

• Business registrations
• Fair trading
• Contracts
• Privacy laws
• Employment laws
• Anti-bullying laws
• Unfair dismissal
• Contractors
• Intellectual property
• Importing and exporting
• Environmental protections
• Marketing compliance
• Terms and conditions
• When you start a business, you need to understand what laws apply to your new business.

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 Review Questions

• Discuss the different types of laws covered in this webinar?

• Discuss your understanding of Intellectual Property?

• What is the purpose of Environmental Protection?

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 Any questions?

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 References
• Swanson, L. (2017). Entrepreneurship and Innovation Toolkit. Open Textbook Library.
https://open.umn.edu/opentextbooks/textbooks/493

• https://business.gov.au/planning/new-businesses/legal-essentials-for-business

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