Do you have purchase contracts where the overseas seller has to supply the goods delivered duty paid? A recent decision of the Administrative Appeals Tribunal highlights the risks for Australian ...
Do you have purchase contracts where the overseas seller has to supply the goods delivered duty paid? A recent decision of the Administrative Appeals Tribunal highlights the risks for Australian buyers – even in circumstances where the parties agree that the overseas seller is responsible for paying customs duty and
In family law property settlement proceedings, if a spouse is declared bankrupt, the trustee in bankruptcy may join the proceedings in an effort to recover funds from the property pool to pay the bankrupt’s creditors. While in theory this approach sounds sensible, it may not always be prudent for a
The long-standing principle that the ‘special’ contributions of an entrepreneurial spouse in creating a pool of significant wealth should be given more weight than those of the homemaker and parent spouse has recently been overturned. The effect of this change is that the breadwinner, in what family lawyers have come
The long-standing principle that the ‘special’ contributions of an entrepreneurial spouse in creating a pool of significant wealth should be given more weight than those of the homemaker and parent spouse has recently been overturned. The effect of this change is that the breadwinner, in what family lawyers have come
Under section 420A(1)(a) of the Corporations Act 2001 (Cth), when selling property of a corporation that has a market value, a controller must take all reasonable care to sell the property for not less than its market value. In the recent case of Boz One Pty Ltd v McLellan [2015]
Under section 420A(1)(a) of the Corporations Act 2001 (Cth), when selling property of a corporation that has a market value, a controller must take all reasonable care to sell the property for not less than its market value. In the recent case of Boz One Pty Ltd v McLellan [2015]
Often people question whether Binding Financial Agreements are actually binding, or whether they are too easily set aside by a Court to risk relying upon.
Draft legislation (the Tax Laws Amendment (New Tax System for Managed Investment Schemes) Bill 2015) has been released to amend the public trading trust rules so they no longer apply to unit trusts where superannuation funds (including SMSFs) hold 20% or more of the issued units. These amendments will apply
Draft legislation (the Tax Laws Amendment (New Tax System for Managed Investment Schemes) Bill 2015) has been released to amend the public trading trust rules so they no longer apply to unit trusts where superannuation funds (including SMSFs) hold 20% or more of the issued units. These amendments will apply
It is common for the Commissioner of Taxation to issue a statutory demand against a company and express the debt as a single amount, being the total deficit debt stipulated on a Running Balance Account (RBA). No breakdown is provided in the statutory demand showing the actual composition of the
It is common for the Commissioner of Taxation to issue a statutory demand against a company and express the debt as a single amount, being the total deficit debt stipulated on a Running Balance Account (RBA). No breakdown is provided in the statutory demand showing the actual composition of the
Commencing 1 July 2015 there will be an increase in the national minimum wage. Employers will need to be aware of the increased costs.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.