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, […]
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 […]
Want American Netflix? The Government Is On Your Side.
‘Watch Game of Thrones Free – We’re sorry, this video is not available in your region.’ Geoblocking, a technological process frequently used by foreign online streaming services such as US Netflix or HBO to prevent people overseas from accessing their content. Whilst there are a number of ways to get around geoblocks, such as using […]
Employee Equity Schemes
Employee equity schemes are a fantastic way to align employees’ interests with the financial performance of a business and incentivise high performance levels. Employee share schemes come in a variety of forms including employee share schemes (ESS) which allow employees to purchase shares, or employee share option plans (ESOP), which involve employees being given the […]
Top 6 Mistakes Made By Start Ups
Starting up a new business can be difficult. There are lots of traps for new comers. We have compiled a list of the most common mistakes we see being made by start-up businesses. 1. Business plan You should not start your business until you have a written business plan which includes detailed cash flow forecasts. […]