Voluntary Administration
Non-liquidation step to survival
If you think that your company is insolvent or likely to become insolvent, and you are concerned to avoid giving rise to a director’s liability for insolvent trading (i.e. personal liability for the debts of the company), then you may consider placing your company into voluntary administration
Irresponsible Lending
Compensation Claims against the Banks
If you have defaulted on your bank loans or are experiencing hardship in making your principal and/or interest loan repayments, then you may be entitled to compensation and other relief from the bank that advanced you the loan if the bank ought to have denied you
Buying a Business
A Few Things You Should Know
If you are buying a business, these are the matters that you should (at the very least) consider right at the outset of your business purchase so as to avoid creating unnecessary (and potentially costly) issues for yourself in the course of or following your
Retail shop lease costs
Lessee’s liability for costs associated with the retail shop lease
A lessee under a retail shop lease is not liable to pay any amount for the lessor’s legal or other expenses in relation to the following:
preparing, renewing or extending the retail shop lease; obtaining the consent of a mortgageeRetail shop lease outgoings
Meaning of ‘outgoings’
Under the Retail Shop Leases Act 1994 (Qld) (the ‘Act’), a lessor’s outgoings for a retail shopping centre or leased building are:
the lessor’s reasonable expenses directly attributable to the operation, maintenance or repair of the centre or building and areasRetail shop lease report
Legal Advice Report
Section 22D of the Retail Shop Leases Act 1994 (Qld) (the ‘Act‘) requires a ‘prospective lessee’ of a retail shop, or a ‘prospective assignee’ of a ‘retail shop lease’, to give to the lessor prior to entering into a retail shop lease