Foreign person trust amendments in NSW: What about land owned by a unit trust or company?

Do you have residential property held in a company or a unit trust and you don't want to pay the foreign person land tax or duty surcharges? - read on…

While there has been a lot of focus from law firms on the need to amend trust deeds for discretionary trusts that own residential land in NSW, little attention has been paid to the impact of the measures on a company or unit trust where a discretionary trust owns shares or units in the company or unit trust.

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Defamation law reform – protecting the public interest and a new requirement of 'serious harm'

Managing the balance between freedom of expression and the right to protect a person's reputation has been an ongoing battle for centuries, with many varied approaches having been taken across different jurisdictions. The digital age has raised new and complex issues – can an emoji be defamatory, for example.

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The legacy lingers on: "Legacy employers" to retain access to flexibility measures under JobKeeper 2.0

The Coronavirus Economic Response Package (JobKeeper Payments) Amendments Bill 2020, dubbed "JobKeeper 2.0", is set to drastically cut the number of businesses eligible for the JobKeeper wage subsidy, when it takes effect from 28 September 2020. After last minute changes to the JobKeeper 2.0 legislation, passed last week, newly-ineligible employers will maintain access to some workplace flexibility measures.

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Hey Director! What’s your DIN?

On 12 June 2020 the Federal Government passed the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Bill). This Bill establishes a new lifetime registration regime for directors, under which every director is assigned a unique identifier known as a Director Identification Number (DIN) that will remain with that individual for all directorships.

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