Data and Privacy: Are you prepared for the new laws commencing this week?
You will need to take extra care to safeguard the unauthorised access, loss or disclosure of personal information.
On 22 February 2018, the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) will take effect to introduce a new notifiable data breach scheme (NDB Scheme).
Read More
Protecting Tax File Numbers: Are you prepared for the new laws commencing this week?
You now need to take extra care to safeguard the unauthorised disclosure of a client's tax file number (TFN).
Read More
Update – Divorce, death & a determined ex-spouse – Court of Appeal says no!
In January of this year there was a decision in the Supreme Court regarding a family provision claim which shocked a lot people, especially those with ex-spouses! It was the decision of Justice Brereton in Lodin v Lodin [2017] NSWSC 10.
Read More
Warning: beware of the income tax implications of amending trust deeds to exclude foreign persons
It is now well known that where a discretionary trust is to acquire or own residential land in New South Wales it may be necessary to amend the trust deed for the trust to prevent foreign person duty and land tax surcharges being imposed on the trustee.
Read More
What you need to know about the recent changes in "fixed" trusts and unit trusts
It would be prudent to recommend to your clients that their "fixed" trusts and unit trusts be reviewed having regard to recent developments.
On 13 September 2017, the ATO issued a finalised Guideline (PCG 2016/16) which sets out the circumstances when the Commissioner will exercise his discretion to treat a trust as a fixed trust.
Read More
Top tips and tricks for tenants of commercial premises
About to enter into a commercial lease? Daunted by the whole process?
Entering into a commercial lease can be an overwhelming experience for many tenants, with typical lease agreements addressing an array of topics, riddled with complex legal terminology and in some cases, exceeding 50 pages.
Read More
Not as Ezy as 1,2,3 – Accountant found to have breached the Fair Work Act
If you're an accountant or professional adviser, take note. The recent decision in Fair Work Ombudsman v Blue Impression Pty Ltd & Ors [2017] FCCA 810 has put accountants and professional advisers on notice that they too can be found liable for their clients' breaches of the Fair Work Act 2009 (Cth) (FW Act).
Read More
Thinking of selling or buying in the near future? Some important changes are coming to keep in mind…
The 2017/2018 Budget includes a number of significant changes in the property sector that will have an impact on all property transactions and in particular for foreign investors, investors, developers and first home buyers. We have summarized a number of the changes that you should keep in mind when buying or selling from 1 July 2017.
Read More
Change is here for "PPS Leases" under the PPSA
On 19 May 2017, the Personal Property Securities Amendment (PPS Leases) Act 2017 (Cth) (Amendment Act) received Royal Assent and is now effective. The Amendment Act has changed the definition of a "PPS Lease" (PPS Lease) under the Personal Property Securities Act 2009 (Cth) (PPSA).
Read More