In the final report for the Financial Systems Inquiry handed down on Sunday 7 December 2014, chairman David Murray recommended that: Government should restore the general prohibition on direct borrowing by superannuation funds by removing Section 67A of the Superannuation Industry (Supervision) Act 1993 (SIS Act) on a prospective basis.
In the recent case of Commonwealth Bank of Australia v Doggett the Supreme Court of Victoria held that certain provisions of the Code of Banking Practice (Code) applied to the guarantors. The Code applies to individuals and to small businesses as defined in the Code.
In the recent case of Commonwealth Bank of Australia v Doggett the Supreme Court of Victoria held that certain provisions of the Code of Banking Practice (Code) applied to the guarantors. The Code applies to individuals and to small businesses as defined in the Code.
The discretion of the trustee of a superannuation fund to choose the recipient of a death benefit is a core principle of estate planning, particularly where the benefits are in a self-managed superannuation fund.
The discretion of the trustee of a superannuation fund to choose the recipient of a death benefit is a core principle of estate planning, particularly where the benefits are in a self-managed superannuation fund.
Recently the ATO attempted to reassure taxpayers by stating that declaring overseas income under Project DO IT would not result in a ‘red flag’ against their names.
Recently the ATO attempted to reassure taxpayers by stating that declaring overseas income under Project DO IT would not result in a ‘red flag’ against their names.
The High Court recently handed down an important decision that has far reaching implications for builders, developers, body corporates and owners.
The High Court recently handed down an important decision that has far reaching implications for builders, developers, body corporates and owners.
The decision this week of the Supreme Court of Canada in Thibodeau to dismiss the passengers’ appeal provides a consistent approach to earlier decisions
The decision this week of the Supreme Court of Canada in Thibodeau to dismiss the passengers’ appeal provides a consistent approach to earlier decisions
When a debtor owes money to a creditor, it is not uncommon for the debtor to propose that the creditor be paid from the proceeds of a sale or other transaction where the debtor is to receive a payment.