When is a director liable for Company debts?

A director can be liable for company debts in the following areas: Insolvent trading Insolvent trading occurs when a company incurs a debt that it is unable and fails to pay, at a time when a director knew, or should have known, that the company was insolvent....

Do You Have Safe Work Method Statements?

What is a Safe Work Method Statement (SWMS)? A SWMS is a document which provides information that is required when undertaking High Risk Construction Work. High Risk Construction Work involves: work carried out in area with artificial extremes of temperature a risk of...

Recent Changes to Development Control Plans

What are the differences between a DCP and a LEP? A DCP, or Development Control Plan, provides detailed planning and design guidelines to uphold the planning controls in the LEP (Local Environment Plan). On the other hand, an LEP is a legal document prepared by the...

The Benefits of a Testamentary Discretionary Trust

In order to determine the benefits of a testamentary discretionary trust it is necessary to understand what it actually is. What is a Testamentary Trust? Generally, a trust is an ownership structure where the assets of the trust are held by one party (the trustee) for...