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Independence of Auditor

Under sections 301 of the Corporations Act 2001 all disclosing entities, public companies, large proprietary companies and managed investment schemes are required to have their financial reports audited and lodged with the Australian Securities & Investments...

Fair Entitlements Guarantee

The Fair Entitlements Guarantee Act 2012 (‘FEG’) replaced the General Employee Entitlements and Redundancy Scheme (‘GEERS’) when it commenced on 5 December 2012. FEG provides financial assistance to cover certain unpaid employment entitlements to eligible employee who...

Improving your online presence

Improving the online presence of your small business can provide various benefits. One of the key benefits is that can help you achieve better interaction with current and potential new customers. Many improvements which you could undertake are also not expensive. How...

What is a Reverse Mortgage?

A reverse mortgage allows individuals to borrow money using the equity in their home as security. The loan can be given as a lump sum, a line of credit or a regular income stream. However, this type of loan is aimed at retirees. This type of mortgage is not new,...

What is the value of a parking spot?

There is no definitive answer to this question, however these days it would not be out of the ordinary to say a couple of hundred thousand dollars, if the space is in a prime location in Sydney. Some of the highest prices paid for a car space include: Elizabeth Bay...

Probate – Is it always required?

The answer is no, not always. Much will depend on the nature and extent of the deceased’s assets. Where Probate has not been obtained, the estate is regarded as being administered ‘informally’. This may occur where organisations (such as banks) release funds and other...

ATO and Phoenix Activity

Both the Australian Securities & Investments Commission (“ASIC”) and the Australian Taxation Office (“ATO”) regularly investigate “Phoenix Transactions”. What is phoenix activity? Illegal phoenix activity refers to activities that involve the intentional transfer...

Employment Law – What you need to know

Termination Termination of employment occurs when an employee’s contract of employment with an employer comes to an end. This can happen because of dismissal, resignation or redundancy. What is unfair dismissal? An employee is considered unfairly dismissed if the Fair...

Identity Theft – How to Protect Yourself

Identity theft is a type of fraud that usually involves stealing money or obtaining other benefits by pretending to be someone else. Identity theft can occur in a number of ways – from someone using your name to open bank accounts, take out loans, make purchases or...