Crowd Sourced Funding Equity Raising

Crowd Sourced Funding launched 19 October 2018

Crowd Sourced Funding Equity Raising for small proprietary companies is now available in Australia without requiring a proprietary company to convert to an unlisted public company.

crowdThe UK, Europe, USA, Canada and New Zealand have been allowing their private companies to utilise crowd source funding equity raising for around six years. Australia has now caught up.

This is great news for company directors and shareholders of small medium enterprises who would like to expand their businesses, achieve new heights and achieve their dreams.

Eligible companies will have group annual turnover of less than $25 million and will have group assets valued at less than $25 million and will not be listed on a stock exchange or a financial market anywhere in the world.

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Your business growth

Making the most of business growth opportunities?

Business owners are passionate about their businesses and, when we talk to our clients, they always have great ideas about how to grow their businesses.

growThe enthusiasm goes beyond owners. Surveys (with Australian small and medium business in Q1 2018) show more than half (53%) of business owners believe their team is engaged to grow their business.

But perhaps business owners are not making the most of their opportunities. Only 39% of those surveyed had made Growth Plans. 

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Board of Advice program

Managing your future business needs

Business owners, your wealth and well-being are inextricably linked to your business.

strategyIt is your source of income, your most important asset and, frequently, its sale will fund your retirement.

At Collins Hume, we want to support your goals so you can retire financially secure by providing you with independent and objective advice, tailored to meet your specific circumstances. 

The key objective of our Board of Advice program is to support you and maximise your opportunities to achieve your future growth, improvement, succession and estate planning aspirations.

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New rules for gift cards

New rules for gift cards – what you need to know

In Australia, around 34 million gift cards are sold each year with an estimated value of $2.5 billion. On average, an estimated $70 million is lost because of expiry dates.

gift cardUntil recently, there was no national regulation for the minimum length of time a gift card should last. In late 2017, New South Wales introduced laws* requiring a minimum three year expiry period for gift cards sold in that state and South Australia was in the process of enacting laws, but no uniform standard applied across Australia.

Applying from 1 November 2019, new laws are in effect that introduce a regime for the regulation of gift cards including:

Domestic violence leave entitlements

New domestic violence leave entitlements come into force

Fair Work Commission decision creates new entitlement for most Australian employees; unpaid family and domestic violence leave. 

familyThe Fair Work decision provides five days' unpaid leave per annum to all employees (including casuals) experiencing family and domestic violence. The leave will also be available in the event that an employee needs to do something to deal with the impact of the family and domestic violence such as attend court or access police services.

Applying from the first pay period from 1 August 2018, the entitlement covers all employees except some enterprise and State public sector award employees, and Award free employees. The leave does not accumulate from year to year and does not have to be taken all at once.

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