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Residential Retirement Village Contracts

If you or a loved one are considering entering into a retirement village contract, you need to be sure that you have all the information available to make a considered decision. Retirement village contracts are complex and deal with a multitude of issues including the...

Changes to Transition to Retirement Pension

A transition to retirement pension or income stream is where you are able to access part of your superannuation while you continue to work. Essentially, this pension income stream assist individuals who were cutting back on their hours, they are generally in their...

Vulnerable Beneficiaries

Providing for a vulnerable beneficiary under your Will can be difficult and requires careful consideration. What is a vulnerable beneficiary? There is no legislative definition for a vulnerable beneficiary. Examples of a vulnerable beneficiary would include: a...

Similar Business Test

Legislation was introduced into parliament proposing to relax the loss recoupment rules by introducing a more flexible Similar Business Test from 2017. Businesses that have changed ownership and fail the Continuity of Ownership Test (COT) can now access past year tax...

Budget Changes support a brighter retirement

With tax cuts grabbing most of the attention in the May 2018 Budget, some quiet tweaks to superannuation and retirement income were drowned out in all the noise. But these small changes could have a big effect on the amount of money that ends up in your nest egg when...

75% of employers not ready for Single Touch Payroll

Single Touch Payroll (STP) is an initiative being introduced by the Australian Tax Office (ATO) to provide real time visibility over the accuracy and timeliness of organisations’ payroll processes. STP proposes to streamline the administration of employee payroll, tax...

What is the Difference Between an Agreement and a Deed?

At its simplest, a deed is a promise that is not supported by consideration (payment). This means that to be valid, deeds must comply with much more specific requirements than contracts. You cannot simply infer the parties’ intentions to bound as you may be able to...