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When positioning and preparing your business for sale, whether you are a privately-owned growing business or a listed corporate, there can be many strategic options which need to be considered at any one time including options such as divestments, capital raisings, takeovers, mergers and acquisitions in order to maximise your value. Prior to considering these options it is crucial the...

Whether you call it an MOU (or memorandum of understanding), a Heads of Agreement or something else, form can never be the victor over substance in the world of "Contract". Entering a Heads can give you comfort, but at what risk and with what effect? The answer lies in whether the Heads agreed records a deal that has been done...

Leading law firm Russell Kennedy Lawyers' commitment to the ACT with the opening of an office in Canberra has been reinforced by the appointment of Canberra based Special Counsel Andrew Klein to its Government Legal Services Team. Russell Kennedy Lawyers provides expert legal services across its sectors of focus, including Government (Federal, State and Local), Aged Care and Retirement Living,...

Do you own a heavy vehicle that is used to power auxiliary equipment on that vehicle? You may be entitled to previously unclaimed fuel tax credits. The recent Practice Statement Law Administration 2013/4 ('the Practice Statement'), released 23rd December 2013, outlines the 'fair and reasonable' apportionment for taxable fuel used in a vehicle for powering the auxiliary equipment of that...

At HorizonOne, we see a wide range of approaches to recruitment. Wherever possible we focus our client's attention on talent, key motivators and attitude above all else. While there is no set formula to creating a great team, we wanted to share two unique approaches to sourcing talent that make great business sense. Recruiting for planned turnover CFO Rob Hanlon...

It is often said that the best time to put in place a business exit strategy is when you are first entering into business. At that time everyone is generally agreeable and looking forward to a prosperous business relationship. The same sentiment applies to estate planning and business succession and getting things right at the start usually makes the transition...

The recent announcement by the Canberra Business Council (Council) and the ACT & Region Chamber of Commerce and Industry (Chamber) that they would work together to create one body to represent business in the region - is a no brainer and well overdue. The history of the split from the Chamber of a number of heavy hitters about 30 years...

Canberra's business sector is known for its innovation and so it is no surprise that several of our success stories have received national and international attention recently. It was announced in January that Canberra-based company Lithicon had been sold to US company FEI for $AU76 million. Lithicon, a world-leading digital imaging and analysis company, was a result of the integration...

As we swing into Autumn, so do our deliberations for the Federal Budget. The government's main economic document won't be announced until 13 May, but right now the Treasurer and his colleagues on the Expenditure Review Committee are deep in consultation deciding spending and policy priorities across all government portfolios. Make no mistake - this document will play a very...

The New Year is a time of renewal and new beginning I recently joined the Canberra Business Council as the Export Development Manager/ACT Exporters Network Manager. Prior to joining the Council, I worked as a Business Development Manager at Austrade Jakarta for 12 years. During my time with Austrade, I assisted many Australian companies grow their export business in various...

Canberra Business Council partnered with representatives of Canberra's major industry groups involved in the property and construction industry (MBA, Property Council Aust ACT, Consult Australia and the Planning Institute of Australia ACT) to present a joint industry submission titled 'Call to Action' to the ACT Government. Beyond both the Commonwealth and ACT Governments, the property, building and construction sector is...

A memorandum of understanding (MOU) can be a useful mechanism to facilitate a comforting commitment between two parties to either informally agree, or to agree to negotiate an agreement. While for some this may inspire confidence and assist in speeding up negotiations, for others, in light of the supposedly non-binding legal nature of such agreements, the MOU is nothing more...

Personal Properties Securities Act 2009 (PPSA) which came into force on 31 January 2014 fundamentally changes the way security interests in personal property are regulated across Australia. If your business borrows or lends money; purchases or sells goods on agreement, assignment or credit; grows crops or livestock; owns or leases machinery or vehicles, then this Act affects you. The legislation...

Nearly every small business owner can benefit from using various mobile and web applications to improve productivity, save costs and make life easy for themselves. Try out the following apps to make a difference in your business today. Most of these apps are free to use with limited features, so you can try before you buy. File sharing and storage...

There's little doubt the last six months have been a fascinating and challenging time in the Canberra recruitment market. Whilst conditions in the market have been better, there are still plenty of opportunities if you know how to find them. The hidden job market is very active in Australia and there are many vacant positions that are never advertised. These...

Based on recent trends and commentary, it would appear that the Canberra residential property investment market short to possibly midterm prospects for solid capital growth and 'secure' positive investment return on new purchases are not particularly bright. In my view, even though interest rates are very attractive at the present time and continue to attract buyers, the combination of the...