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The Business Bill of Sale is a fundamental legal document used in Australian business transactions to facilitate and document the transfer of business ownership. It is essential when selling or purchasing any type of business, whether it's a small retail shop, a professional practice, or a large commercial enterprise. This document comprehensively details all aspects of the business sale, including the assets being transferred, purchase price, payment terms, warranties, and conditions of sale. It ensures compliance with Australian federal and state legislation, including the Competition and Consumer Act, various state Fair Trading Acts, and tax regulations. The document provides legal protection for both parties and serves as official evidence of the transaction. It should be prepared with professional legal assistance to ensure all necessary elements are properly addressed and the interests of all parties are protected under Australian law.

1. Parties: Identification of the seller and purchaser, including full legal names, ACN/ABN, and registered addresses

2. Background: Context of the sale, brief description of the business, and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the document

4. Sale and Purchase: Core agreement to sell and purchase the business, including the basic terms

5. Purchase Price: Total consideration and payment terms, including deposit and balance payment details

6. Completion: Details of when and how the sale will be completed, including timing and location

7. Assets Included: Comprehensive description of all assets included in the sale

8. Seller's Obligations: Pre-completion and completion obligations of the seller

9. Purchaser's Obligations: Pre-completion and completion obligations of the purchaser

10. Warranties and Representations: Standard warranties about the business, assets, and authority to sell

11. Restraint of Trade: Restrictions on the seller's future business activities

12. Employees: Treatment of existing employees and related liabilities

13. Handover: Process for transitioning the business operations

14. GST: GST treatment of the sale and tax obligations

15. Confidentiality: Obligations regarding confidential information

16. Notices: How formal notices under the agreement must be given

17. General Provisions: Standard boilerplate clauses including governing law, entire agreement, etc.

18. Execution: Signing provisions and execution blocks