What is a subsidiary company?
It is often helpful for a business to divide up their assets and liabilities by creating new companies. This can be an effective way of limiting financial liability. The businessRead More
What is a unit trust?
A unit trust is a type of trust whereby the trustee holds trust funds or capital for the benefit of the beneficiaries.The interests of the beneficiaries are appropriated into fractionsRead More
What is the National Construction Code?
There are various laws and regulations that specifically apply to the construction industry in Australia. The National Construction Code (NCC) is Australia’s primary set of design and construction provisions forRead More
What is a Bootstrapped Startup?
An important decision to be made when starting a business is whether to bootstrap or attempt to raise capital investment. Capital investment grows a startup through funding from external sources.Read More
What are costs on an indemnity basis?
Indemnity costs previously known as ‘Solicitor and Client costs’ are payments or compensation for damages that are incurred by a party during proceedings that may include but not limited toRead More
What is the Difference Between Subletting and Assigning a Lease ?
Where a tenant decides they no longer wish to be bound by a lease, they may either sublet the premises or assign the lease. Both require the consent of theRead More
What is turnover rent?
Turnover rent is a method by which a business may pay rent to its landlord. It is typically calculated based on the tenants’ retail sales. The rent is determined asRead More
What are Lease Incentives?
Lease incentives are benefits that a landlord may offer to encourage a tenant to sign or renew their lease. They are predominantly considered during lease negotiations, with the value ofRead More