Fairness Opinions vs Independent Expert’s Reports in Australia

Fairness opinions and Independent Expert’s Reports (IERs) are both used in Australian corporate transactions, but they serve different purposes and carry very different weights in a business valuation context. For business owners, investors, and advisers, the key distinction is that a fairness opinion often provides a commercial view on whether a transaction outcome is reasonable, […]

Independent Expert’s Reports for Related-Party Transactions (Chapter 2E)

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. […]

Independent Expert’s Reports in Australia: When ASIC Requires One

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, […]

Voluntary Administration vs Liquidation: A Guide for Australian Directors

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 […]