Trust Loss Provisions and Family Trust Elections

Posted by & filed under .

There are circumstances where a trust is required to make a Family Trust Election. It is important to identify when this will be required, whether the trust is eligible to make a family trust election and what are the implications, for example, who will be in the family group of the specified individual.   Download… Read more »

CGW launches Cyber Resilience Guide for Parents and Children

Posted by & filed under .

As one of Brisbane’s largest independent law firms with a team of 200, we are conscious of the risks that people face at home and the difficulty that parents have in keeping their kids safe online. We have prepared the following list of practical tips to assist parents to enhance their personal cyber security practices… Read more »

Australia modernizes GST to meet new digital and delivery economies

Posted by & filed under .

Until recently, most imported goods under AU$1,000 were not subject to GST. In this article published by Bloomberg BNA, Fletch Heinemann and Danielle Morrison of Cooper Grace Ward discuss the prospect for Australian consumers of the GST being levied on low value imported goods and digital supplies.

Forming an opinion of ‘fraud or evasion’ – is this the Commissioner’s unchallengeable right to an unlimited amendment period?

Posted by & filed under .

Recent Federal Court decisions have cast doubt on the ability of some taxpayers to have the Commissioner’s opinion of fraud or evasion effectively reviewed. This potentially opens up an unlimited period of review for the Commissioner. This article briefly examines these cases and comments on the potential implications of the current regime.

Dispute Resolution Agenda – Winning business litigation

Posted by & filed under .

Deciding how to respond to litigation, or whether to start or continue litigation, is critical decision for businesses.  Developing a litigation strategy is vital to achieving the right outcome for your business. This publication outlines a number of key points crucial to any successful litigation strategy.  

Construction Agenda – where do we stand on security of payments reform?

Posted by & filed under .

A number of Australian States and Territories have separate security of payments legislation such as Queensland’s Building and Construction Industry Payments Act 2004 and New South Wales’ Building and Construction Industry Security of Payment Act 1999. Recently, there have been proposals for reform of these regimes at both a State and Federal level. This article… Read more »

Related party loan structuring for asset protection

Posted by & filed under .

In most closely held groups there will be amounts owing between entities within the group or to and from family members. It is important to ensure that any loans to ‘at risk’ entities are appropriately protected and that assets (including loans) do not build up in the entities and individuals that are at risk. This… Read more »