Business and Law in Australia 3rd Edition assists students to understand the concepts and principles of business law in the current Australian commercial law environment. This work contains a concise outline of the components that make up the historical and modern Australian legal system, a plain language explanation of contract law, and an overview of the different business organisations and their means of operation, to help students understand the legal framework which underpins business law. Also included are summaries of some of the diverse areas of law that have an impact on the conduct of business, including criminal law, the law of torts and business ethics. An update on new legislation applying to company law, such as the Corporations Amendment (Phoenixing and Other Measures) Act 2012 (Cth), and proposed legislation on Similar Names companies that re-register with a similar name after being liquidated. Commentary on the Competition Policy Review Final Report (the Harper Review) and recommended changes to competition law. Discussion of the amended general provisions of the Competition and Consumer Act 2010 (Cth) relating to unconscionability and the speci? c provisions on price signalling. Updated commentary on the laws relating to intellectual property as a result of the Intellectual Property Laws Amendment (Raising the Bar) Act 2012 (Cth). Amendments to the Insurance Contracts Act 1984 (Cth) by the Insurance Contracts Amendment Act 2013 (Cth), including changes to the duty of disclosure and new remedies for non-disclosure with respect to life insurance contracts. Flowcharts and tables, guides to problem solving and practice questions throughout the work map out complex concepts and aid student learning, ensuring that Business and Law in Australia is an excellent learning tool for LLB and commercial or business law students.