Common Pitfalls in Selling a Business (Part 1)

March 2, 2020General News No Comments

Avoiding the major pitfalls in selling a business   Selling a business is something that most business owners will only attempt once in their career.  With an estimated 70% – 90% of their total net worth tied up in their business, they can’t afford to make a costly mistake, but their success in running their… Read More →

New Trade Mark Risks When Manufacturing in China

February 13, 2020Industry News No Comments

While the south east is Melbourne’s manufacturing hub, many Australian manufacturing businesses nevertheless utilise Chinese manufacturers for some products or components.  A recent decision of the Supreme Court of the People’s Republic of China is likely to significantly affect those arrangements in the future. China is a country with an unusual trade mark law.  Most… Read More →

New Industrial Manslaughter Laws Introduced in Victoria

February 13, 2020Industry News No Comments

Victoria’s industrial manslaughter laws will come into effect no later than 1 July 2020 (unless the government proclaims that it will come into effect earlier). The implications of the amendments are that significant penalties, including imprisonment, will apply to corporations or persons who engage in negligent conduct that breaches OHS obligations causing the death of… Read More →

Workers Compensation Premium Reviews

November 14, 2019Industry News No Comments

Workers compensation is a complex and often costly part of running a business. Ever changing legislation in this area can make it difficult for employers to manage, and subject them to harsh penalties for non-compliance.  What affects my workers compensation premium?   Workers compensation premiums, and how they are calculated, are complex. Many businesses don’t… Read More →

Certification vs Legal Compliance

November 8, 2019Industry News No Comments

Achieving certification to the Australian or international standards for occupational health and safety or environmental management systems does not mean that a business is automatically compliant with its legal duties under OHS or environmental law.   Over the years, we have provided advice to businesses of all sizes. When we ask business owners or directors… Read More →

Future Planning Opportunity

November 8, 2019Industry News No Comments

Owners who ponders over selling their business does not always do so out of financial desperation or trouble, often because they are looking for the next opportunity or are future planning. Current climate conditions are producing a “sellers market”, read on for the contributing factors:   Investors are facing extremely low or negative interest rates and… Read More →

Updates to the SEMMA Website

September 12, 2019General News No Comments

Feature video on your Member Directory page Showcase a company video on your page in the Member Directory. This will be visible to viewers of your individual page. Follow these steps to add a video: Visit www.semma.com.au and log-in Please contact Justine@semma.com.au if you require log-in credentials Click Member Dashboard Click Edit Directory Listing You… Read More →

Media Release: Victorian manufacturing continues to grow

April 12, 2018Industry News No Comments

Victorian manufacturing continues to grow – supporting jobs, exports and economic growth across the state. The Australian Industry Group’s monthly Performance of Manufacturing Index, released today, shows that Victoria’s manufacturing index has grown for a 14th consecutive month – the longest run of expansion since 2003. This growth builds on the latest Australian Bureau of… Read More →