New Era Lawyers has recently advised Investors Central Limited on its public offer prospectus which is expected to raise $75 million. The funds raised by Investors Central from this offer will be deployed to its lending and debt collection businesses which are valued at over $260 million. With this most recent transaction, the aggregate value of funds raised on transactions we have advised on exceeds $400 million (AUD). New Era Lawyers act for public companies in a variety of industries. Aside from assisting these clients in capital raising work, we also advise them on matters such as business acquisitions, director’s duties, commercial litigation, legal compliance and corporate governance. New Era Lawyers is proud of its long-standing relationship with Investors Central and wishes...

This update covers:  How you can access the Federal Government COVID 19 Stimulus Package  What to do if your business becomes financially distressed and the emergency measures that the Federal Government has put in place to protect business owners  What relief the major banks are offering for business and home loans How can I access the Federal Government COVID 19 Stimulus Package? Whilst the Federal Government has released Fact Sheets and legislation to implement its stimulus package in response to COVID 19, it remains unclear how certain aspects of the stimulus program are to be administered. Set out below is a summary of policy objectives the Federal Government is seeking to achieve. Cashflow assistance SME criteria to be met To access this relief you must qualify...

Financial distress It is anticipated that many business will suffer financial distress over the next 6 – 12 months (perhaps even over a longer period). Government reforms The Government has implemented some measures to reduce the risk of companies being placed into external administration by creditors and to protect individuals from bankruptcy.  The threshold for a creditor issuing a statutory demand being filed has increased from $2,000 - $20,000;  The timeframe for a debtor responding to a statutory demand has increased from 21 days to six months;  The threshold for a creditor initiating bankruptcy proceedings has increased from $5,000 to $20,000  The timeframe for a debtor responding to bankruptcy notice has increased from 21 days to six months;  If a debtor voluntary enters...

Quick Summary   What do I do if an employee is infected?   What are employee's entitlements whilst working from home?   Can I change or reduce my employee's hours?   Can I stand down employees?   Can I dismiss employees? Managing COVID-19 in the workplace Employers must have measures in place to eliminate or manage the risks arising from COVID-19.  This includes implementing good hygiene practices in the workplace. An employer can direct an employee to work from home if:     the employee is infected or has come into contact with someone who has been infected;     the employee has cold or flu symptoms; or     any of the above applies to other employees. Also an employee can direct all employees to work...

How healthy is your business? Why you need a legal health check… It’s simple really – you can’t fix what you don’t know. Too often people come to us when a legal issue has already surfaced, such as, being sued, insolvency, an unforeseen tax liability or an investigation being commenced by a Government regulator. These issues can be costly distractions and often could have been avoided if preventative steps were taken at an earlier stage. What is involved? First, we will get in contact with you to gain an understanding of your business objectives and risks. We will then provide you with a detailed report which identifies potential legal risks and areas which could be improved. Just a few of the key areas we...