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Buyer Beware – Solicitor Not Negligent Giving Conveyancing Advice
key takeawaysLawyers have a duty of care to examine all documents (including building reports) for issues that might impact the suitability of a property being purchased by the client, e.g. if the...
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Why Aren’t We Using Rectification in BDBN Matters?
For those not familiar with the superannuation laws, it can seem almost overwhelming the extent to which members must go to ensure that their binding death benefit nominations (BDBNs) are effective....
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Transferring Shares, Cancelling Shares or Varying Shares? Landholder Duty,...
key takeawaysThree cases have been recently decided on landholder duty in Queensland, Victoria and South Australia.The Queensland Revenue Office has been active in conducting reviews and...
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New Register of Foreign Ownership – Investment in Australia just got more...
key takeawaysThe new Register of Foreign Ownership of Australian Assets (New Register), which commenced on 1 July 2023, replaces and expands a number of existing reporting frameworks. The compliance...
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The SRC Report: In the Course of Employment Examining Intervals and Interludes
Yas TiryWelcome everybody to the SRC Report. My name is Yas Tiry. I'm a senior associate at McInnes Wilson in our Melbourne office, and I'm joined here by Chloe Callus, an associate in our Sydney...
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Significant NSW Duty Amendments in the Budget to Broaden the Duty Regime
The 2023-24 NSW State Budget released by Treasurer, Daniel Mookhey, on Tuesday, 19 September 2023 contained a number of undesirable, unpleasant surprises for taxpayers in the State. For taxpayers that...
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Be Aware of Essential Public Transport Infrastructure Declarations
key takeawaysBus depots and entire fleets of vehicles in Queensland can be declared by government to be essential public transport infrastructure.Directions for essential infrastructure can affect the...
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Tougher Penalties For Unfair Contract terms From November 2023
key takeawaysIt is a contravention of the Australian Consumer Law (ACL) to include, apply or rely on an unfair contract term (UCT) in a standard form consumer business contract - as of 9 November...
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Property Developers Beware: Tougher Penalties for Unfair Contract Terms
key takeawaysIt is a contravention of the Australian Consumer Law (ACL) to include, apply or rely on an unfair contract term (UCT) in a standard form consumer business contract - as of 9 November...
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Navigating Property Acquisition through Self-Managed Superannuation Funds
key takeawaysSMSF Property Investment involves complex strategic decisions.The diversification method in SMSF Property Investment should align with the SMSF's financial situation, investment...
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FIRB Update: Significant Changes to Application and Vacancy Fees for...
key takeawaysOn 10 December 2023, the Federal Government announced it would be amending the foreign investment fee regime in an attempt to boost Australia's housing stock.FIRB application fees for...
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High Stakes: Advertising Risks for Businesses Involved with Medical Cannabis
key takeawaysIt's unlawful to advertise medicinal cannabis to consumers.Complying with therapeutic goods advertising requirements is complex but essential.Whether material is 'advertising' depends on...
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Solving Division 7A Interest Rate Doom
key takeawaysOn 1 July 2024, the Division 7A interest rate almost doubled to 8.27%Clients should review their structure and consider restructuring or refinancing options to alleviate the increased...
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Is it Time for a Company Structure?
key takeawaysThere are a number of advantages and disadvantages to operating a business through a trust or company.As taxation and compliance issues increase for trusts, a company structure may be...
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AI Notetaker Tools – Time Saver or Ticking Time Bomb?
key takeawaysAI tools can be useful to streamline basic business functionsAdvisers need to be careful about complying with surveillance, privacy and confidentiality lawsConsent should be obtained from...
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Higher Standards for ‘Sophisticated Investors’: What This Means for Your...
key takeawaysThe Corporations Act 2001 (Cth) (Corporations Act), requires that a person be issued a regulated disclosure document such as a prospectus or product disclosure statement before that...
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Lenders Beware: FIRB Approval May Be Required for Your Lending Transaction
key takeawaysAustralia’s foreign investment rules include a broad exemption for interests granted to foreign lenders under moneylending arrangements. However, there are circumstances when the...
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Gender Pay Gap Reporting: What Does It Mean and What Should You Be Doing
key takeawaysThe Workplace Gender Equality Agency (WGEA) will publish gender pay gap information for private sector employers (with 100 or more employees) on 27 February 2024 for the period 1 April...
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Mandatory Climate Reporting in Australia. Are You Ready for the Shift?
key takeawaysAustralia is looking forward with the introduction of draft legislation to establish mandatory climate related reporting for large entities from 1 July 2024;Mandatory reporting will...
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Proposed Amendments to the Fair Work Act 2009 (Cth) Under the Fair Work...
key takeaways Introduction of a new federal criminal offence of ‘wage theft’. An employer would be guilty of this offence for deliberately underpaying workers. Employees will enjoy a new ‘right to...
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