How healthy is your business?
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 […]
Property Vine raises $2.5 million
In July 2019, New Era Lawyers assisted Property Vine Ltd (PVL) in successfully raising $2.5 million under its capital raising offer. PVL is an unlisted public company that combines over 10 years of property services business experience through its 3 directors, to provide investors with investment in a suite of businesses including property, management rights […]
New Era Lawyers advises Sanad Capital $30 million capital raising for Adventure Park
Based in our hometown, Mooloolaba, Sanad Capital have unveiled their $450M integrated tourism resort and active leisure park on the Sunshine Coast, ACTVENTURE. New Era Lawyers advised Sanad Capital on its recent $30 million underwriting agreement with an Asian investment group for the development of ACTVENTURE. Sanad Capital, a homegrown, privately owned development and investment […]
New Era Lawyers advises on $70 million capital raising
New Era Lawyers recently advised public company, Investors Central on a $70 million capital raising. The capital raising involved the offer of $70 million of debt securities to investors under two separate prospectuses. This is the largest capital raising completed by an Australian law firm which is not based in a capital city and demonstrates […]
Let the crowd follow you – the future of crowd sourced equity funding.
Let the crowd follow you – the future of crowd sourced equity funding (CSEF) in Australia Are you looking for new pathways to raise funds for your business? After much anticipation, regulations have been implemented to facilitate crowd-sourced equity funding (known as ‘CSEF’) in Australia. What is crowd funding? CSEF is an innovative approach to […]
New Era Lawyers advises on $50 million capital raising
New Era Lawyers have advised Investors Central on its recent $50 million capital raising subsequent to their successful $30 million capital raising in 2016. Investors Central is an Australian-owned, unlisted public company that raises capital to invest in secured consumer and commercial loans. Since 2010, Investors Central has achieved steady growth in both revenue and […]
Unfair contract terms
The Federal Treasurer Dr Jim Chalmers presented his first federal budget on Tuesday 25th October 2022. We outline some key points below:
Superannuation
Eligibility for downsizer contributions to superannuation will expand to those aged 55+ years (reduced from 60 years). This will allow more people to make an additional non-concessional contribution of up to $300,000 per contributor from proceeds of selling their main residence (on top of the existing contribution caps). Other eligibility criteria will apply
Proposed measures relating to self-managed super fund (SMSF) residency changes (delayed) and SMSF audits (won’t proceed)
Statutory Demands
Does a company owe you money? If a company owes you money, you can recover your debt by issuing the company with a creditor’s statutory demand. To be eligible to issue a statutory demand, the debt must be equal to or greater than $4,000. You cannot serve an individual with a creditor’s statutory demand. Additionally, […]
New Era Lawyers assists Naturo in raising $5 million
New Era Lawyers assisted Naturo Pty Ltd in successfully raising $5 million in July 2019. Naturo is an Australian-owned, food innovation company that focuses on developing ‘world-first’ technology to expand the shelf life of food without the use of chemicals and additives. This capital raising will assist the company to build a pilot factory in […]
Incentive for innovation and risk-taking – the ESIC tax incentives
The Federal Government recently implemented attractive tax incentives for investors in qualifying early stage innovation companies (ESIC). The tax incentives provide eligible investors with: A 20% non-refundable carry-forward tax offset on amounts invested in qualifying ESICs. The offset is capped at $200,000 for each income year; and A 10 year exemption on capital gains tax […]