Executive summary The Principal & Agent Agreement (or ‘P&A product’) is a well known credit creation technique which has been used in Australian business finance for many years. It is in essence a ‘flow-through’ lending technique. Utilising the flexible nature of the law of agency, the P&A product enables the rights and obligations of the… Read More
The recent publicity surrounding allegedly fraudulent equipment leasing transactions substantially funded by one of Australia’s major banks has echoes of a similar scandal thirty years ago involving a leading State government owned bank. In the recent case, many of the same sharp financial practices present in the previous scandal may be observed. Despite the monumental… Read More
Most people recognise the importance of having a Will to determine how their property is distributed when they pass. If you are self-employed, a partner or co-director, having a ‘Will’ or succession plan for your business is equally important.
When it is a Deed of Cross-Guarantee Introduction A Deed of Cross Guarantee is ASIC’s standard form document intended to free a corporate group from the chore of filing separate accounts for each wholly owned subsidiary. Provided relevant group companies have signed the Deed, they are exempt from filing. The Deed can easily be confused… Read More
This article sets out the steps involved when selling your business and some of the important factors to consider. At the beginning of the process, you wish to know what you want to sell, and why. Once you’ve made the decision to go forward, you should be (if not already) talking to your accountant, and… Read More