PPSA Compliance - Retention of Title Suppliers
What is a sale on a 'retention of title' basis?
It is a conditional sale. The supplier remains the owner of the goods being sold until the goods are paid for in full by the purchaser. This transaction is now deemed to be a secured transaction.
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Have your say about changes to the Consumer Guarantees - Consultation closes 23 April 2018
The Australian Treasury recently reviewed the Australian Consumer Law (ACL) and is seeking feedback from businesses and consumers to have their say on proposed reforms to clarify, simplify and modernise the consumer guarantee framework in the ACL.
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Cyber Fraud
Cyber fraud is a global problem that is continuing to grow in volume and sophistication. The Law Society of NSW have advised that the legal industry is currently being targeted by hackers. These attacks generally involve gaining access to real email trails and then impersonating the client and/or solicitor and providing incorrect bank account and contact details.
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IRS announces its Offshore Voluntary Disclosure Program will be coming to an end
IRS announces its Offshore Voluntary Disclosure Program will be coming to an end
The IRS has announced that its Offshore Voluntary Disclosure Program (OVDP) will end on 28 September 2018.
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Your business and the PPSA - Don't Risk it!
The Personal Property Securities Act 2009 (Cth) (PPSA) has been in effect for over 6 years, yet many businesses are still unaware of the existence and the wide-reaching impact of the PPSA.
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Keep your options open: understanding put and call options over residential property
When buying or selling residential property, sometimes you also need to buy more time.
If you're a buyer looking to redevelop a property, you may need time to conduct due diligence or obtain development approval. You don't want to lock yourself in, but you also don't want to let other buyers swoop in and snaffle the property while you're still making inquiries.
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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).
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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).
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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.
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