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Special Tax Rules for Minor’s Income

Special tax rules are in place for income received by those less than 18 years of age (minors). The main intention of these rules is to discourage parents from diverting their income to their children. Minors who are residents of Australia but do not earn more than...

Administering a Will need not be a costly exercise

In the process of preparing or updating your Will – after agonising over how to keep your family members happy, who gets the important heirlooms and how much will be given to charity – it often happens that little thought is put into considering who is going to be...

Improvements to Family Law Services

Attorney-General Robert McClelland last week released a report and discussion paper on recommended improvements to current Federal Court Family Law services in Australia. Family Law Changes The report, entitled “Future Governance Options for Federal Family Law Courts...

Investors Moving Money To Greener Pastures

A few months ago the Federal Government announced that it would be introducing a guarantee on all deposits held in Australian banks, building societies and credit unions. For those who have their money invested in various bank deposit products, this was welcome news...