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The importance of dividends

The ASX 200 index at 31 May 2015 was 5,777 at 31 May 2017, two years later it was 5,724. So in two years the market has not improved, in fact it has declined by 53 points. Dividends Nonetheless, Blue Chip companies continue to pay healthy dividends, and those healthy...

Phoenix Companies under scrutiny

Phoenix companies are now the target of a coordinated interagency taskforce between the NSW Office of State Revenue and other state revenue bodies and the Australian Taxation Office. What is a Phoenix Company? A phoenix company is where a new company is created or...

Rights to See the Will

Will Rights Often people ask us to assist in accessing a copy of a Will of a deceased relative when the holder of the Will is refusing to provide it. In NSW, section 54 of the Succession Act 2006 details those who are legally able to inspect the Will of the deceased....

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...