Mage Advisory

Successfully facilitated the de-merger of two businesses founded by the same group. The complexity here was the numerous investor holdings and various related party loans which had to be separated for the de-merger to occur. We provided guidance and advice on the impact of the proposed de-merger for the stakeholders in terms of income tax and capital gains tax. Different options produced different tax outcomes for various stakeholders. We were able to work through the options with the stakeholders and map out the path that provided the fairest outcome for all.

Mage Advisory supported a small cap ASX listed company with a consolidated group of six companies across five countries in their migration to Dynamics BC.

This business has a primary production and manufacturing element in Fiji, with distribution centres in Australia, NZ, US and Singapore.

Acting on behalf of the vendors in the sale of a large primary production business to foreign investors. This involved providing tax advice on deal structure and exit, while handling various tax due diligence matters with the purchasers.

Merging of a national group of contracting businesses, with international operations, into a single entity with a view to equalising the equity holding for all shareholders, facilitate the long-term growth of the business and simpler succession and sale by shareholders.

Assistance with negotiations, valuation and shareholders agreements.

Provision of specialist QBCC financial requirement advice to Queensland and Interstate businesses to deal with threatened licence suspension.

Solved by restructure of their businesses to better meet the QBCC requirements. Under similar time pressures also resolving licence suspensions in the QCAT tribunal.

Provide advice to a large national project builder and large local builders in relation to the ability to meet the QBCC financial requirements. Consideration of the whole group financial position including inter-group loans was key. We utilised our experience with the QBCC and other state regulators to form a position and provide guidance on next steps and possible outcomes working with all advisors to ensure the best outcome.

Drawing on our long experience and specialist knowledge, we successfully facilitated the development of a succession model for a number of professional services firms. This involved modelling of different financial scenarios from the point of view of existing equity holders and new equity holders, through to the facilitation of shareholders agreements and optimisation of business structure.

Delivery of professional training to accounting firms. The QBCC financial requirements have been a popular topic due to the regulator being active in pursuing non-compliance. The use of Tax Consolidations in an SME environment has also been of interest due to its considerable benefits in certain situations.

We provided tax advice regarding the merging of two separate shareholder bases into one Corporate Group to undertake an online sports gambling business in the US. This involved working through a range of different commercial and legal issues to ensure the business was ready to raise capital once merged.

Provision of tax audit advice and support to small and mid-size accounting firms with matters reviewed by the ATO.

Assistance with interpretation of the issues under scrutiny and development of strategy to manage the matter efficiently with the ATO.

Provision of structuring advice to property developer with the advice encompassing asset protection, finance arrangements, long term holdings, future plans to develop, GST, income tax, land tax, stamp duty, as well as the cost of changing and maintaining structures.

Recently, Mage Advisory completed a review of a logistics business with succession issues on behalf of a potential investor/purchaser.

Providing a report on the status of the business, including their business activities, financial strength, people, assets, systems and compliance.