legal obligations when training staff.Before dismissing a staff member you must ensure you've followed due process and are not breaching the Anti-Discrimination Act 19914
Supplier agreementsGetting your agreements with suppliersin writing will minimise misunderstandings and disagreements. Agreements may include creditor terms, supply conditions and any marketing and promotion support.Risk managementManage risks by avoiding them, minimising their negative effects, transferringthem to another party, or deciding to accept some of the possible consequences should they arise.Several forms of insurance can help with risk management. Read more about risk management.Learn more about managing risk when starting up.Privacy and informationSafeguard your customers privacy by complying with state and national privacy laws. Read more about privacy and information management.ContractsContract law is complex. Your solicitor can develop standard agreements for your business to reduce confusion and costs.All parties must have the legal capacity to enter into a contract.A contract of sale involves an exchange of goods, services, or property from the seller to the buyer for an agreed amount. It refers to a specific type of legal contract.Health, safety and the environment (HSE)Your business must have a responsible attitude to HSE issues.You have a duty of care to the health and safety of your staff, customers and the general public as per the Work Health and Safety Act 2011 5
You also have a responsibility to address environmental issues. Learn more about the environment and your business.Health, safety and environment issues include workers' compensation, food handling and safety, safety related to construction sites, ergonomic requirements and security issues.Learn more about keeping your workplace safe.Legal requirements checklistBefore you start your business, seek legal advicefrom your solicitor and otherspecialist advisers.Review your legal requirements on a regular basis. Your business may change over the years, and so may legislation. 3. other processes the client will need to undertake in order to achieve their financial goals, such as: - Personal investment strategies Actuaries make careers out of managing enterprise risk. It is a broad concept and encompasses many facets. In the context of a personal investment portfolio, risk is a much narrower concept. However, it is crucial that investors have a basic understanding of the nature of risk in their portfolios and its implications on their ability to meet their financial planning objectives. Consequently, we will begin with a discussion of risk as an introduction into the development of a personal investment portfolio. Risk can and should be viewed differently during the portfolio's accumulation phase and distribution phase. During the accumulation phase, volatility doesn't translate into losses, but rather reduces wealth accumulation potential.
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