We can help you buy or sell a residential or commercial property anywhere in Australia. Leasing contract services included.
ForumLaw provides legal services and contract work for any type of business transaction from business registration to succession matters.
We'll help make your project a success, from setting up & revising contracts and agreements to tracking sales & leases in multiple-strata unit projects online!
Choose a package that suits your needs. We then maintain constant legal watch of your business.
Take control of your assets today. Contact ForumLaw to arrange a new Will or review any existing arragements in place.
Stay in touch with how the law affects you! Subscribe to our
The Insolvency Law Reform Bill 2015 [“Bill”] was introduced into Parliament by the Federal Government on 3 December 2015. The changes to insolvency laws in Australia which are proposed by the Bill suggest taking a less punitive approach to insolvency and providing greater incentives for companies facing financial stress to restructure themselves.
These proposed changes may assist more businesses to avoid closure and the subsequent losses to stakeholders which inevitably occur.
Some of the proposed changes include:
These proposed changes are of particular relevance given the current slowing economic climate and the promotion of innovation. Australian laws have often been referred to as creating a “nanny state” by overseas observers and have been criticised for stifling innovation and enterprise and the Federal Government's proposed changes to insolvency law appear to be a step in the right direction for entrepreneurs and innovative new markets. These changes may assist in the prevention of widespread business failure but this
could occur at the expense of encouraging unscrupulous directors, business operator
and "entrepreneurs", who see the changes as a means of exploiting the safe harbours
provided by the proposed changes to the law.