Updates to director resignation provisions under the Corporations Act

Section 203A of the Corporations Act 2001 (Cth) (a replaceable rule) provides that a director may resign by giving written notice of the resignation to the company at its registered office. For companies with a Constitution, most ...

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Insolvency Reforms: for better or for worse?

On 24 September 2020, the Australian Federal Government announced what it called the most significant reforms to Australia's insolvency framework in over 30 years. "The reforms, which draw on key features from Chapter 11 of the...

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Shareholders’ Agreements – Why do you need one?

It's always a question of priority when setting up a private business – every dollar is precious. If a dollar is to be re-invested, it needs to be well invested. We often hear business owners wondering why they should invest ...

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Shareholders’ Agreements – What are they and what are they for?

As the name suggests, a Shareholders' Agreement is an agreement between the shareholders of a company, which sets out the rules and processes that will apply to shareholders investing in and participating in the decision making of...

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Using your super powers: Why you should register your interests to obtain PMSI super priority

Introduction In March 2020, the Federal Government introduced measures to reduce financial pressure on businesses and individuals caused by COVID-19, including Job Keeper and extensions of time to comply with statutory demands a...

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Private Business Exits

In this four part video series, Principal Nick Miller provides practical advice for private business owners looking to exit. Watch now...

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