• LUXURY Furnishings lent CONCEPT Designs Pty Ltd $95,000 on 15 January 2021 to assist with cashflow shortages experienced as a result of the COVID 19 pandemic. Interest is charged at 5.25 per cent annum and paid in arrears on the 20^th of each month. The loan is repayable on 31 March 2022.
• On 31 March 2018, LUXURY Furnishings received legal notification that proceeding in relation to an unfair dismissal claim have commenced. The former employee is seeking $100,000 in damages plus costs. The companys lawyers have advised the likelihood of an unfavourable outcome for the company is seventy per cent with potential payout range of between $20,000 and $30,000. The company has booked a $100,000 provision in the financial records. The court date has been set at 5 July 2021.

This is transaction about LUXURY acqurisition (LUXURY is parent company and Concept is subsidiary company) and please do the joinery entry about this two transactions to eliminate intergroup's financial obligation(provision 100,000) and eliminate intergroup's loan fee and interest.