“We don’t have to worry, the Consumer Law doesn’t apply to us”- From July 2021, it just might!

On 9 July 2020, the Treasury Laws Amendment (Acquisition as Consumer—Financial Thresholds) Regulations 2020 were approved, meaning that from 1 July 2021 the current consumer price threshold of $40,000 under the Australian Consumer Law (ACL) will be increased to $100,000. The result of this change is that many businesses whose goods and services were previously [...]

2020-07-30T23:33:26+00:00July 28th, 2020|Business Advice, Compliance, Corporate Advisory|Comments Off on “We don’t have to worry, the Consumer Law doesn’t apply to us”- From July 2021, it just might!

Accounting for IP in a Sale of Business: Know what you’re giving away (and charge for it!)

Gaining a thorough understanding of what your business is worth is a tricky process. Regardless of past investments and future potential, ultimately it will only be worth what somebody is (currently) willing to pay for it. Too often however, in formulating a sale price, many business owners will neglect to take proper account of (or [...]

2020-05-12T04:23:53+00:00May 21st, 2019|Business Advice, Contracts, Corporate Advisory, Intellectual Property|Comments Off on Accounting for IP in a Sale of Business: Know what you’re giving away (and charge for it!)