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Succession Planning - Why Is It Necessary?

Issue 0004

It is complicated by the number of business owners, now described as ‘baby boomers’, who are contemplating disposing of their businesses. Succession planning is not just about someone who is 60 to 70 years of age. Succession planning can apply in a business, at any age of the owner. In fact, succession planning can also apply to virtually every position within the business. Who is going to...
The Personal Property Securities Act (PPSA), which was first introduced two years ago by the previous Labour government, is now fully operational. With the PPSA comes the Personal Property Securities Register (PPSR). This legislation represents a major change to commercial law in Australia. In fact, a number of people have made the comment ‘Title is no longer King’. The change in...

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