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Many businesses across Australia are bought and sold every year, and it is common for existing employees to continue working in the same role after the sale. There are several legal considerations to be aware of, for both employers and employees, when a change in ownership occurs. This also holds true in respect of many of the ordinary dealings of business, including outsourcing, that lead to a shift in businesses’ operational requirements. The obligations of past employers and new employers can shift depending on the relationship between the entities, and this can affect employee entitlements and service recognition.
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