On 1 May 2020 the Victorian Government introduced the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Regulations), bringing welcome relief to financially stressed commercial tenants as well as guidance for landlords. These regulations will apply to leases that exist on 29 March 2020 and will have effect until September 2020. These regulations [...]
What is a Business Valuation? A Business valuation refers to the process undertaken to determine the economic value of a business. These valuations are obtained for a variety of reasons such as sale or taxation purposes, and are often required for family law property settlements. In some cases, a business value can be a sizeable [...]
The Australian Government, in response to the ever-changing COVID-19 pandemic, has passed the Coronavirus Economic Response Package Omnibus Bill which became law on 24 March 2020. The changes made by the Australian Government impact on the Corporations Act 2001 (Cth) and the Bankruptcy Act 1966 (Cth) as follows: Statutory demandThis is a common way that [...]
Are you constantly being contacted by debt collectors? Have your debts become unmanageable? If so, the worst thing you can do is put your head in the sand. There are a number of resources available to assist people who are having trouble with unmanageable debt. In Victoria, organisations that can assist include: Money Help on [...]
