All publications relating to ‘Corporate’
How to sell your business, tax effectively
Too often business owners fail to take advantage of the generous capital gains tax (CGT) concessions available when selling a business. It takes hard work and dedication to build and manage a successful business, but all that effort could amount to very little if you end up being hit with high CGT…
Abolition of certain taxes in NSW
In Brief After years of delays, it seems that the New South Wales Government will on 1 July 2016 finally make good on its promises to abolish a raft of duties. Marketable Securities Duty, Business Assets Duty and Mortgage Duty, all previously collected by the Office of State Revenue, will no longer…
Australian Consumer Law trumps Choice of Law Clause
In March 2016, the Federal Court found that the refund policy of American on-line gaming company Valve Corporation (Valve) (incorporated in Washington State, having no Australian office or presence) violated the Australian Consumer Law (ACL). Valve’s website stated (in all caps) “ALL STEAM FEES ARE PAYABLE IN ADVANCE AND ARE…
How about a refresh on a Reverse Takeover?
In Brief Who knows what opportunities are ahead of us for the 2016 year, but being prepared is a very good place to start! How about a Reverse Takeover? What is a reverse takeover? Put simply, a reverse takeover (RTO) is the acquisition of a public company by shareholders in a (usually smaller) private company. An RTO…
New law gives a much needed boost to Employee Share Schemes
What is an ESS? An employee share scheme (ESS) is a scheme under which shares or rights to acquire shares (options) in a company are provided to an employee or their associates. Why have an ESS? An ESS is a way of attracting, retaining and motivating staff because they align employees’ interests with shareholders’ interests. Employees…
Socially responsible business: Let ethics drive you to new success
In brief You should be driven to success by your industry, business skills, creativity and ethics, and not conflicted by them. You can still run a profitable business and benefit society at the same time. Euge Power, solicitor at Swaab Attorneys, sets out some of the ways that a business can be…
Social Responsibility Series — B Corps: The “B” is for “Benefit”
In brief Benefit Corporations are a relatively new and exciting expression of social responsibility mixing with competitive edge in business. In this first of the Social Responsibility Series, Euge Power, solicitor at Swaab Attorneys, shows you how business can be geared towards social responsibility for real, not just for PR. Benefit Corporations…
Recent M&A trends in the food distribution industry
In Brief From their experience working on a number of recent M&A transactions in the food distribution sector, Alistair Jaque, Partner, Andrew Draper, Senior Associate, and Euge Power, Solicitor, highlight some recent trends which have become common themes in M&A transactions in this industry. The Facts 1. Succession planning and staged exits The food distribution industry…
Proposed new rules for paying dividends
In Brief If passed in Parliament, the Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014 may simplify the process of declaring and paying dividends and reduce compliance costs for SME businesses. In this article we take a look at the current and proposed new rules for paying dividends. Introduction If passed in…
Strange Bedfellows — Minimising risks in Post Merger Integration
In Brief Recent studies have shown that close to 50% of post merger integrations fare poorly. While there are no hard and fast rules that will guarantee a successful merger, in this article we look at the risks involved and some of the ways to minimise those risks and ensure a greater likelihood…