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Recently married? Its time to update your Will

Avoiding a Invalid Will If you have recently tied the knot, it is important that you update your Will. Failure to update your Will after marriage may result in your Will becoming invalid. If you fail to update your Will after marriage, the laws of intestacy may apply...

Uber drivers provide taxi travel services

In a recent case the Federal Court of Australia has handed down its decision that ride-sourcing is taxi travel. What is ride-sourcing? Ride-sourcing is an ongoing arrangement where: you (a driver) make a car available for public hire a passenger uses, for example, a...

Director Loan Accounts – The Issues

What is a Director Loan Account? A Director Loan Account is when you withdraw money from your company that is not a part of your salary, an expense or a dividend and the amount is more than you have invested into the company. You must keep a record of all the funds...

Foreign buyers forced to sell Australian real estate

Non-resident foreign persons generally need to apply for and receive foreign investment approval before purchasing any residential property in Australia. Forced to sell Australian residential properties Recently the Treasurer has ordered the forced sale of a further...

Indirect Taxes in Estate Planning

Effective estate planning is crucial to ensuring that a deceased person’s hard earned wealth is distributed effectively to the intended beneficiaries in a tax efficient manner.  A testator’s failure to plan in advance may mean that a significant portion of their...

Natural Disaster and Personal Leave

An employer needs to ascertain their obligations to their employees in the event that a business has to temporarily close as a result of a natural disaster or emergency. Employers need to be aware of the industrial instrument their employees fall under (i.e. award,...

Will you outlive your retirement savings?

Retirement Savings With the changes to the superannuation laws from 1 July 2017 most pre retirees are concerned that they will outlive their retirement and investment assets in retirement. Others are concerned that they only will have two choices. they either downsize...