Talking Law

Here’s an inside scoop straight from the ACCC all about the changes to consumer law legislation that have significantly increased the penalties for infringement up to $1.1 million per contravention, or up to 10% of annual turnover. It's now getting serious! Listen in to hear all about how these recent changes apply and what you need to look out for.

On this episode of The Deal Room, Joanna Oakey talks once again to Simon Clatworthy - the founder of Start Your Earn-Out Now and take on the subject of selling a business that is not necessarily traditional asset based but instead, revolves around a team. They explore various cases in this area, innovative ways of structuring a sale in this type of environment and drill into the importance of early preparations in time of exit.

Building the right team is crucial to enhancing business productivity. But this often relies on the need to restructure, prioritise skills and, consequently introduce workforce redundancies. When contemplating changes of this nature, it is critically important to consider the potential legal pitfalls and the significant financial costs that can flow from getting this wrong. In this episode, we offer a helpful guide for employers as we discuss this thorny issue with our resident expert in employment law, Jayne Qorraj.

Believe it or not, it pays to think about your exit strategy early in the business cycle. Listen in and learn all about the most common mistakes owners make in this area from author and strategic accountant Craig West, the CEO and Founder of Succession Plus.

Great things almost always start small. When choosing a business idea, it's smart to look at your strengths, skill set, and things you're already passionate about. Join us in this episode as we speak to the co-founder and non-executive chairman of the accounting practice Chan and Naylor - Edward Chan who takes us through some tips in achieving a successful business.

Mergers and acquisitions are a popular growth strategy for companies looking to expand into new markets or territories, gain a competitive edge, or acquire new technologies and skill sets. This approach to growing a business does not come without challenges. Join us on this episode as we discuss this hot topic with Phillip Teudt of Business Buying Services.

There are more than 120 modern awards that are currently in place in Australia, which can be overwhelming (to say the least) for the uninitiated! This episode takes us through some of the complexities associated with modern awards, as well as some of the hard hitting issues, modern cases, biggest risks and some helpful tips when it comes to awards and underpayments.

Although earn-outs are a common part of many acquisitions, there can be a lot of confusion (and concern) about their operation. In this episode Joanna talks to Simon Clatworthy – the founder of Start Your Earn-Out Now. Tune in as they drill into earn-outs – When should they be used? Whats the real benefit for both parties? And what are the traps to look out for? All of that and more here in The Deal Room.

You might think setting up a management board is just for larger businesses, but in this episode with Michael McGrath of Oasis M&A, we drill into the many ways SMEs can benefit from implementing this approach.

In Australia, we are used to Sellers engaging a professional to help them sell the business and source a pool of buyers. But increasingly, we’re now also seeing buyers looks for professional assistance in sourcing an acquisition target. So when should a buyer use a business buying service? Join us as we talk to Phillip Teudt – the man behind Australia’s largest exclusive business buying agency, Business Buying Services, who helps run us through how a buyer’s agent really adds value and what they are looking for in a target business.