Shareholders Agreements

Why have a Shareholders Agreement?

A Shareholders Agreement is a formal contract which sets out the terms of ownership, funding, structure, management and direction of a company’s business, clarifies owners’ expectations, determines the powers, responsibilities and obligations of each shareholder and very importantly provides a method for resolving disputes or, if a resolution is not possible, a pre-determined mechanism for dissolving the relationship.

Competition and Consumer Act – Voluntary Compliance programs

Businesses operating in Australia must comply with the Competition and Consumer Act 2010 (CCA). The CCA is enforced by the Australian Competition and Consumer Commission (ACCC). The ACCC has broad investigative and enforcement powers to ensure compliance. Businesses therefore need to be proactive in ensuring that they comply with the CCA.

Stamp Duty – What One Hand Giveth, the Other Taketh Away

The Victorian Government announced this month that it was abolishing stamp duty for first home buyers signing contracts from 1 July 2017. The fine print revealed that stamp duty for first home buyers wasn’t really being abolished, but that a purchase by a first home buyer would be exempt from stamp duty where the property was valued at less than $600,000.