Beware! Rise in dodgy insolvency providers ahead of surge in personal and corporate insolvencies
The personal insolvency regulator, the Australian Financial Security Authority (AFSA) has recently issued a warning around dodgy insolvency providers. It is anticipated that there will be a wave of business failures when the temporary insolvency [...]
Virtual Meetings & e-Signing: Bringing the Corporations Act into the 21st Century
Australian businesses have no-doubt benefited from the convenience afforded by temporary changes to the Corporations Act allowing virtual meetings and e-signing of documents during the pandemic. Unfortunately, these temporary measures are set to expire in March [...]
Amendments to Commercial Tenancy Relief Scheme gives Small Business Commission the power to make binding determinations
The new Regulations that extend (and amend) the Commercial Tenancy Relief Scheme in Victoria have now been passed and are in force. Apart from widely publicised amendments to the regulations and enabling legislation (such as [...]
Do you value the value of your IP?
Intellectual property (IP) is a business asset. It can and should be valued and make sure you speak to your accountant about claiming as a tax deduction. It is important to know the market you [...]
Like buying a 1999 Saab convertible: The importance of understanding the commercial lease obligations when buying a bargain business
Like in other times of economic turmoil, bargain businesses are now increasingly on the market. However, just like buying an old car, sometimes the alluringly low upfront price of a business obscures the painful reality [...]
Beware the new laws tackling Phoenix activity
Illegal Phoenix activity is when a new company is created to continue the business of an existing company that has deliberately liquidated to avoid paying outstanding debts, including creditors, taxes and employee entitlements. Throughout February [...]
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