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Related Parties purchasing property from one another

You must tell us if you have a business or personal relationship with the seller or if the consideration for the sale is less than market value.If so, this will have duty implications and we will require for duty assessment purposes a valuation of th...


How does the PPSR affect your property transaction

The Personal Property Securities Act 2009 (Cth) (“PPSA”) applies to security interests in personal property, including goods and chattels, financial property, shares and intellectual property (personal property).PPSA doesn’t apply to land, buildings...


Small Business and the Competition and Consumer Act - your rights and responsibilities

Under the CCA and ACL, you have obligations as a supplier, as well as rights in your capacity as a purchaser of goods and services. You can seek to have an unfair standard form contract declared void by the Courts. You can collectively bargain with...


Costs of Buying a Business in Australia

There are several costs you need to budget for when purchasing a business in Australia, in addition to the purchase price of the actual business. Let’s take a look at them:(1) Transfer Duty on Business Assets – this applies in Queensland, Western Au...


General exceptions to Transfer Duty

Your transaction may also be exempt from transfer duty if:(1) the contract is terminated or comes to an end;(2) it is a transfer pursuant to a Family Court order, maintenance agreement or binding financial agreement;(3) it is a transfer between de fa...


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