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What is happening? The Tobacco Amendment (Tobacco Retailer and Wholesaler Licensing Scheme) Bill 2024 (the Bill) was passed in November 2024 by the Victorian Parliament, amending the Tobacco Act 1987 (the Act) to establish a tobacco business licensing scheme for both retailers and wholesalers (the Scheme). Prior to the Bill, retail or wholesale sellers of tobacco products have not required a licence. The Scheme includes cigarettes, cigars, and other tobacco products designed for human consumption. E-cigarettes and vapes are not includ...

Social media platforms are the playgrounds where businesses are actively connecting with their loyal customers and attracting new ones in a flash. So, what are the Australian laws around running an online promotion or giveaway? At Sanicki, we understand how important it is to seamlessly integrate marketing with legal compliance. Our Trade Promotion services provide the perfect balance, ensuring your promotions are both captivating and legally sound. Trade promotions go beyond marketing—they’re key to enhancing your brand’s v...

Franchisors have numerous obligations under the Franchising Code of Conduct (‘The Code’) and a failure to comply with them can risk fines and penalties under The Code by the ACCC. Here are key issues for Franchisors to be aware of to avoid compliance risk. End of Term Notice Clause 18 of the Franchising Code requires franchisors to give written notice at least 6 months prior to the end of the franchise term to franchisees as to whether the franchisor will agree to: Extend the existing franchise agreement, or Renew the agreement,...

Confused about valuing a business? Read on for some top tips and advice on different methods from our Special Counsel Robert Toth. Tangible v Intangible Assets It’s important to understand the distinction between tangible and intangible assets to accurately value a business. Tangible assets such as property, office equipment, machinery or stock-in-hand can be readily valued. Intangible assets such as a brand, goodwill, intellectual property and future potential are more difficult to value. The longer the business has been ...

Ever heard a sweeping statement about contract law, and been not quite sure if it was true? We’re here to help. Here’s a list of some common misconceptions about contracts that we hear all the time at Sanicki. 1. A contract has to be in writing Contrary to popular belief, contracts don’t have to be written to be legally binding. They can be made orally, via text messages, or even through conduct, as long as some basic elements are satisfied:  Offer and Acceptance: One party must make an offer, and the other party ...