Buying or selling a business – What is a Section 52 Statement?
If you’re buying or selling a business in Victoria you may have been asked about or heard the term ‘Section 52 statement’. In this article we answer your questions: What is a Section 52 statement?; Who prepares the Section 52?; When is a Section 52 required?; What information does a Section 52 contain?; and; What happens if it’s not provided or is false or inaccurate?