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HIRE AND RENTAL NEWS • FEBRUARY 2017
ASSOCIATION
HRIA offering great value services for members
president's
message
Jeff Bernard, National President
Happy New Year! I hope you’ve had
a wonderful holiday season. We’re on
our way into an exciting year and I’m
looking forward to working with the
HRIA to provide the best solutions to the
challenges we will face as an industry.
Being a member of the HRIA offers a
wide range of services and benefits
and we are continuing to build on the
activities identified as being ‘great value
to members’.
I wanted to share a few of the resources
provided to all HRIA members our
company (Cool Breeze Rentals) has
utilised as a HRIA member.
Fordham Business Advisors
We are in the process of restructuring our
business into a company from a Trust.
Our corporate structure was no longer
appropriate for a number of reasons
which included our growth over 15 years,
changes in corporate legislation and the
need for asset protection.
We were well aware from the outset
this was a complex undertaking and we
needed to do this once, and do it right.
We turned to Fordham Business
Advisors for its expert advice. It was
overwhelming at first to comprehend
all the considerations such as Capital
Gains Tax, Stamp Duty, depreciation and
the list went on, but over the course of
several months and with careful planning,
Fordham navigated us through this maze
to an outcome we anticipate will provide
our business with the capital, cashflow,
stability and protections to make us
stronger and
enduring in these
uncertain times.
This restructure has
been particularly
reassuring for an
owner of a seasonal
business such as
ours.
Fordham has been
a valued partner
to Cool Breeze and
we recommend
taking advantage
of the one hour free
structure review
the company has
offered exclusively
to HRIA members.
Mason Sier
Turnball (MST)
MST’s HRNet has been an integral
resource to our workplace relations
queries relating to our nationwide staff.
Over the years, Chao, James and the
friendly MST team have been ready
to provide professional advice to our
business ranging from immediate
answers to one-off queries relating to
seasonal casual staff, parental leave and
allowances.
MST has also provided us with invaluable
support for those rare, on-going complex
issues that can arise. This type of issue
can be very stressful and distracting for
a business owner while trying to keep
the wheels turning. MST recently held
our hand through a difficult employment
issue relating to a general protections
issue and provided the calming,
professional advice we needed to make
the right choices for our situation. MST
understands the hire industry and
provides timely, affordable solutions to
allow us to get on with
our real business.
Arthur J Gallagher
Tied into the
abovementioned
General Protections
issue were the costs to
have our matter heard
in court. In a review of
our insurance policies
we were fortunate to
have been given sound
advice fromArthur J
Gallagher. There has
been a growing rate
of claims relating to
this in the insurance
industry and our
Arthur J Gallagher
representative encouraged us to take
out an extension on our Management
Liability Insurance policy to include
coverage for this type of claim. We took
their advice but only truly understood
how valuable that decision was when
our claim arose at a later time. We were
quoted approximately $45,000 to take
what we considered our very strong
case to Court, just to get our side of
the story heard. This expense would
have undermined our seasonal cash
"MST recently held
our hand through a
difficult employment
issue relating to a
general protections
issue and provided
the calming,
professional advice
we needed to make
the right choices for
our situation...."