Our experienced legal team regularly publishes updates on a wide range of topics - you can find all our recent news articles below.
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ASIC has provided a stark reminder to directors and officers that they can be held personally liable for company conduct after ASIC commenced proceedings in the Federal Court against 11 current and formers directors and officers of The Star Entertainment Group Limited (Star).
ASIC is seeking penalties which attract a maximum fine of $1.05 million per breach as well as declarations and disqualification orders against the Star directors and officers.
Read MorePeople are coming increasingly aware and concerned about the protection of their personal information. Given the latest cybercrime attacks on Optus and Medibank, the Federal Government is seeking to increase penalties for privacy breaches. Do you know your privacy obligations and do you have the appropriate privacy protections in place?
Read MoreIt is often necessary to vary a trust deed for various reasons. The problem is that sometimes, particularly with older trusts, the deed does not provide the trustee with the power to vary the deed or the power is not sufficiently broad to make the necessary amendment.
Fortunately the Trustee Act 1925 (NSW) now provides trustees facing such a situation with an alternative option."
Read MoreParliament has now passed the much anticipated changes to competition and consumer laws which means businesses will now face higher penalties for beach of competition and consumer laws and new penalties for unfair contract terms.
Read MoreA common asset protection strategy for professionals and "at risk" individuals is to put the family home in the sole name of their "non-at-risk" spouse to protect the property from creditors.
This relies on an ancient principle known as the 'presumption of advancement'. In a bygone era, any amount paid by a husband to or for the benefit of his wife, was presumed to be a gift (unless there was evidence of a contrary intention).
Read MoreEmployee Share Schemes are about to be simpler to administer as regulations announced in the Federal Budget for 2022-23 come into effect. These changes include changes to disclosure requirements and removal of a taxing point for leaving employees.
Read MoreDoes your business provide goods or services to consumers? Or do you receive a commission when you refer a customer to a third party?
Suppliers and intermediaries need to be aware of disclosure obligations aimed at improving transparency for consumers.
Read MoreIn the NSW Budget handed down on 21 June 2022, the State Government has announced plans to make some transfer duty optional from January 2023. Although these changes could be the beginning of the most significant reform to stamp duty law in NSW in over 150 years, media reports about the imminent abolition of stamp duty in favour of a broad based property tax are greatly exaggerated. In reality, a complex web of duty traps remains to ensnare the unwary for the foreseeable future.
Read MoreCan the Court claw your Superannuation back notwithstanding a Binding Death Nomination under the Succession Act?
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