Backdating a contract should not be done lightly because it easily can be considered a criminal offense that carries quite hefty consequences. Backdating contracts is a somewhat common practice. However, backdating a contract should not be done lightly because it easily can be considered a criminal offense that carries quite hefty consequences.

Backdating contractual documents can be one of the most complex issues that legal professionals have to navigate.

from a partnership and then backdated the contract of sale to March 31, , provides it shall be effective ‘as of’ an earlier date, it generally is retroactive to.

In January last year, ASIC issued a warning to financial advisers about incorrectly witnessing or backdating binding death benefit nomination forms. In a press release, ASIC stated that the practice was concerningly widespread and warned of a crackdown. Whilst a date may seem harmless, backdating, predating, or failing to correctly witness a signature can have far reaching unintended consequences that go beyond risking a financial services licence.

Backdating any legal document can at best put your clients at risk of facing consequences for having an invalid or incorrectly executed document, and at worst, may constitute criminal fraud. Similar consequences may apply where documents have been incorrectly witnessed. For more information about how the Morrows Legal team can help you, contact us at legal morrows. In what is a welcome move for many businesses, the Federal Government has announced an expansion of the employee eligibility.

The new Victorian workplace manslaughter laws which came into effect on 1 July , ensure that employers will face more. Pay invoice now.