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Mergers and acquisitions – what do lawyers do?
Choosing to buy, sell, acquire, or merge a business is a big financial decision, and it comes with a lot of responsibility. It’s important to have an experienced business and commercial lawyer to help you through the process. But what exactly does a solicitor do during the merger and acquisition process? Due diligence – your...
What to consider when entering a joint venture
Joint ventures are a great way to start a business, as you’re combining resources, expertise and risk. However, there are several important considerations to consider when entering a joint venture. The joint venture agreement should cover every aspect of the business, including who is responsible for what, who owns any intellectual property, what is the...
GLG Legal advises ASX-listed Mining Company Cannindah Resources...
GLG Legal has advised Cannindah Resources’ (ASX:CAE) on its latest successful capital raising; marking both a milestone for Cannindah Resources and a demonstration of continued investor support for Queensland’s resource sector. The fully underwritten $4.5 million entitlement offer sets the foundation for expansion drilling and broader exploration of high-value copper-gold targets. This article unpacks the...
Franchise costs and fees
How much does it cost to start a franchise Starting a franchise is a great way to get into running your own business, with an established brand that your customers are already familiar with. As part of the deal, the franchisor grants the franchisee certain rights, including using the brand name or trademark and the...
Why hiring a commercial leasing lawyer is what every business needs
Entering a commercial lease agreement is quite a big step for anyone, especially those who have no experience with the complexities of a commercial lease and negotiating their terms. whether you’re opening a restaurant, a car wash, or an office, you need to understand everything there is to know about a commercial lease. This is...
Building allowance – what is it and how does it work?
The building allowance is a deduction that allows property investors to offset construction costs of their investment property against their tax assessable income. The deduction is available for: buildings or extensions, alterations, or improvements to a building alterations and improvements to a leased building, including shop fit outs and leasehold improvements structural improvements such as...
Sun Sets on Sunset Clauses
The Queensland State Government has brought in changes to strengthen protection for buyers involved in “off-the-plan” property contracts. Off-the-plan land contracts often include a clause that allows for the contract to be terminated if a certain event does not happen by the “sunset date”, known generally in the industry as a sunset clause. Previously, a...
Collaboration: the key to managing complex legal matters
How we manage complex legal matters At Galleon Law Group, we offer a curated selection of legal services that are intended to protect your interests across multiple areas of the law. Our highly regarded team of skilled and accredited professionals works to ensure every aspect of your legal needs are met with the utmost attention...
How to reduce the risk of litigation
Understanding your legal risk is essential When you’re in business, it’s important to understand your levels of legal risk and how to avoid them. One of the most common areas of risk for any company is contracts. It can be a failure to review a contract properly, or to meet a deadline outlined in the...
Introduction to SMSF borrowing funds and loans
Self-Managed Superannuation Funds (SMSFs) are a cornerstone of Australian superannuation, empowering individuals with the autonomy to manage their retirement savings directly. A critical evolution in this domain was the amendment to the Superannuation Industry (Supervision) Act 1993 (SIS Act) in 2007, which facilitated SMSFs to engage in Limited Recourse Borrowing (LRB) arrangements. This innovative financial...
Changes to the Foreign Resident Capital Gains Withholding (FRCGW)...
From 1 January 2025, the Australian Government introduced significant updates to the Foreign Resident Capital Gains Withholding (FRCGW) regime. These changes to FRCGW aim to enhance the Australian Taxation Office’s (ATO) ability to collect Capital Gains Tax (CGT) liabilities from foreign residents selling Australian property. These updates will impact both sellers and buyers, making it...
Unlocking the commercial potential of long-held properties
For property owners in Australia, particularly those who have retained ownership since before 1985, there are significant opportunities to unlock the full potential of their assets. These opportunities stem from capital gains tax (CGT) laws, which introduced sweeping changes in 1985. For properties classified as pre-CGT assets, strategic planning can result in tax-effective realisation of...