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The removal of an Executor

Once probate has been granted by the Supreme Court of New South Wales, an executor will not be able to renounce their position or delegate their duties to another person. However, an executor may appoint the NSW Trustee and Guardian or a trustee company to be executor...

Long Service Leave (LSL) NSW

Long service leave applies to most NSW employees who are full-time, part-time or casuals. Employees who have been working for the same employer for 10 years  are entitled to 2 months (8.67 weeks) paid leave, to be paid at the employee’s ordinary gross weekly wage...

Ademption – What is it?

Ademption is a legal doctrine that applies where a gift made by a Will no longer exists at the Will maker’s (i.e. testator) date of death. Under this doctrine, such a gift will fail. Examples of specific gifts include identified property, motor vehicle, piece of...

Single Touch Payroll Extended to all Employees

What is Single Touch Payroll? Single Touch Payroll is the new way of completing employee’s wages, tax and super information to Australian Taxation Office from employer payroll or accounting software each time when the payroll is run, and employees receive their wages,...

Limitations of Enduring Power of Attorney

Facts of the Case In the case of Reilly v Reilly, the Reilly family operated farming properties. The husband granted an enduring Power of Attorney to his wife. The husband then lost capacity through Alzheimer’s. Prior to the husband’s death, the wife transferred one...

Your Rights to Review a Business?

With the rise of social media and product review websites, many businesses might be the subject of online comments, good and bad reviews. It is something businesses must contend with and manage effectively in the course of their business operations. In a recent...

What the Federal Budget 2019-20 means for you

Last night, the Treasurer Josh Freydenberg delivered pre-election Federal Budget announcing that Australia is in surplus for the first time in 12 years. Key small business announcements in 2019-20 budget include: Instant asset write-off The Government has announced...

Discretionary Family Trust: Family Trust Election

A trust may elect to be treated as a family discretionary trust and be able to enjoy numerous tax benefits such as the ease of distributing trust income freely to any beneficiaries listed in the trust, more relaxed tests for claiming tax losses, the ability to inject...