ASIC’s Regulatory Guides 111 and 112 matter because they shape how Independent Expert’s Reports are prepared, tested and trusted in Australia. For business owners, the practical issue is not just compliance, it is valuation quality. These guides influence who can act as an independent valuer, what assumptions must be examined, how conflicts are managed, and […]
An independent expert’s report in a takeover or scheme of arrangement is, at its core, a valuation opinion designed to protect shareholders who are being asked to approve a change of control. For Australian business owners, the specialist valuer’s role is to assess whether the proposed consideration is fair and reasonable, or fair if the […]
Independent expert reports for related-party transactions under Chapter 2E of the Corporations Act are not simply a governance formality. For a business owner, they are often the point at which valuation discipline becomes critical, because the report must support whether the transaction is fair and reasonable to members, and whether the price reflects market value. […]
In Australian transactions, the phrase “fair and reasonable” is not a slogan, it is a valuation conclusion reached by an independent expert after assessing whether a proposed deal is fair to shareholders as a group and reasonable for each class of security holder. For business owners, directors, advisers, and investors, understanding how a valuer reaches […]
An Independent Expert’s Report is more than a compliance document. In many Australian transactions, it is a formal valuation opinion that helps directors, shareholders, regulators, and courts assess whether a proposed deal is fair and reasonable. Under the Corporations Act, ASIC may require an Independent Expert’s Report for takeovers, schemes of arrangement, related party transactions, […]
When an Australian business is under financial stress, pre-insolvency advisory is not just a legal or funding exercise, it is a valuation issue. The value of a distressed business can change quickly as liquidity tightens, suppliers retract terms, and customer confidence weakens. For owners, directors, financiers and advisors, the central question is whether the business […]
For Australian directors facing financial distress, the choice between voluntary administration and liquidation is not only a legal and insolvency decision, it is also a valuation question. Each pathway affects what a business is worth, what a potential purchaser may pay, and whether value can be preserved for creditors, shareholders, and any continuing stakeholders. In […]
A solvency assessment is not just an accounting exercise, it is a valuation issue that can affect how a director, lender, buyer, or court interprets the strength of a privately held business. In an Australian business valuation context, solvency evidence helps support whether a company can pay its debts as and when they fall due, […]
Safe Harbour is often discussed as a legal protection for directors, but its practical value is closely tied to financial evidence. When a reviewing party, lender, investor, liquidator, or accountant asks whether a company was genuinely being managed through a course reasonably likely to lead to a better outcome, the quality of the underlying valuation […]
Insolvency and turnaround advisory matters are not just legal or accounting events, they are critical valuation events. When an Australian business enters voluntary administration, undertakes formal restructuring, or relies on Safe Harbour protections, the question for owners, directors, lenders, and potential buyers becomes immediate and practical, what is the business really worth now, and how […]