Our Blog

The Megalot Trend

Bang for your buck There has been an emerging trend over the past two years where neighbours are getting together to sell their properties in a single lot (often called a ‘megalot’) to developers. This trend has been attributed to the government’s infrastructure...

Working out your Tax Residency

In order to understand the tax obligations associated with your investments in Australia, the first step is to determine your residency status. It is important to remember that the standards used to determine your tax residency are different from those used by the...

Unreasonable Director-related Transactions Provisions

What are Director related Transaction Provisions? The unreasonable director related transactions provisions under the Corporations Act 2001 enables a liquidator to attack unreasonable transactions entered into by a company where there has been a payment, disposition,...

ATO Data Matching – eBay

Making over $10,000 on eBay? The Australian Tax Office (ATO) has announced that they will be obtaining the online selling database of eBay customers who sold goods or services in excess of $10,000 between 1 July 2014 to 30 June 2015. It is estimated that 15,000 to...

How does a section 73 proposal work?

A section 73 proposal is a formal proposal presented to a creditor under section 73 of the Bankruptcy Act 1966. This mechanism provides bankrupt individuals with an opportunity to end their bankruptcy early. If the section 73 proposal is accepted by the creditor, the...

Corporate Governance and Technology

Is your business tech savvy? Commentators have suggested that Companies with boards that not only have an understanding but also embrace technology in their corporate governance roles will have a great advantage over those that do not. However, Australian boardrooms...