From 1 January 2025, all Sellers, whether an individual or non-individual company or trust, must provide an Australian Taxation Office Clearance Certificate to the Buyer, failing which, the Buyer is responsible to ensure that 15% of the purchase price is paid to the Australian Taxation Office at settlement.
Doing Business with Council – Guide to supplying goods and services Read More »
The Government extended the operation of the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (“Regulations”) until 31 December, 2020 and has amended some of the Regulations for the current extended period. There are key differences between the initial response period to 30 September 2020 and the period 1 October 2020
COVID-19 relief for commercial tenants – important update Read More »
As you may have seen recently in the media, the PM has announced the introduction of a mandatory New Industry Code for Commercial and Retail Leasing as another policy implementation to deal with the financial fall-out of Covid19. Whilst the finer details of what the roll out of the Code in Queensland will look like
NEW COVID-19 INDUSTRY CODE FOR COMMERCIAL AND RETAIL LEASING Read More »
If you have ever purchased anything by contract, be it your home, an investment property or a business, you will probably be familiar with due diligence conditions (“DD Conditions”) . In basic terms, a DD Condition gives a buyer a certain amount of time (usually a period of say 14 days after the contract
Deeming Conditions – why they’re best avoided! Read More »
Copyright laws in Australia protect a range of ‘works’ such as literary, dramatic, artistic and musical works. However, a problem arises when you pay an advertising agency to create an advertisement for your business. Whilst most would assume if they have paid for an advertisement to be created, they own the copyright in that work,
Who owns copyright in advertisements that you pay for? Read More »
Benjamin Franklin said, “In this world nothing can be said to be certain, except death and taxes”. It seems that tax reform is on the agenda for government at both State and Federal level. It is certainly something that is never far from the lips of people in business, whether big or small. It is
Consequences for Directors Shirking Responsibilities Read More »
Is your business able to pays its debts as and when they are due and payable? It is with interest that I note that the Australian Securities and Investment Commission (ASIC) has published details of corporate insolvency activity for 2013/2014. The rate of company insolvency has dropped from the previous year, which is promising for business
Corporate Insolvency Read More »
The company structure has existed in law for centuries, but it wasn’t until relatively recent times that the company was considered a separate legal ‘entity’, that is, separate from those members who may own the company. It is common, to say the least, that people establish companies to run businesses. The creation of a company,
Companies and Directors Duties Read More »
Success – According to the Collins English dictionary, success is “the favourable outcome of something attempted”. If you were to ask twenty random people what success meant to them I am in no doubt you would get twenty very different answers. If you were to ask those same twenty people if they would celebrate success,
