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Who is able to contest my Will?

A Will is a legal document that sets out who you want to receive your assets when you die. Making a Will is the only way you can ensure your assets will be distributed according to your wishes when you die. Studies show that at least 45% of Australians do not have a...

Protect your Intellectual Property

What is Intellectual Property? Intellectual property (IP) represents all rights and entitlements obtained from mental or intellectual activity. This can come in the form of an invention, trade mark, original design or the practical application of a good idea. When you...

What Will Bankruptcy Mean for Me?

How to get through Bankruptcy Bankruptcy is the legal process that controls the affairs of those who are insolvent, meaning those people who are unable to pay all their debts as they are due. However, it is important to note that bankruptcy is not the inevitable...

Foreign income and your tax return

If you are an Australian resident with overseas assets you need to take any capital gains or capital losses you make on those assets into consideration when doing your tax return. Generally speaking, anyone who earns over the tax free threshold during the course of a...

What is business liquidation?

Under the Corporations Act, insolvency refers to a business’s inability of a company to pay off its debts, as they fall due, out of the debtor’s company resources and refers specifically to businesses and companies. Liquidation (a form of insolvency) is the winding up...

Summary of Super Changes

Changes to your Super The following represents a summary of the major superannuation changes effective from 1 July 2013. 1.  Superannuation Guarantee contributions increase – the minimum SG contribution will be raised from 9% to 9.25%. The first increase will be...