Category: Publications

Insolvency insights: related party loans and unreasonable director-related transactions

A recent Federal Court decision has provided some useful insights on how related party loans will be considered in an insolvency context, particularly in relation to unreasonable director-related claims against directors and their relatives. For insolvency practitioners it also provides insight into how the assignment of claims might effectively be used to mitigate litigation risks.

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Queensland trusts can now run for 125 years – what you need to know

In a significant boost to tax planning arrangements and intergenerational wealth management, Queensland trusts will be able to run for 125 years from 1 August 2025. This change, introduced under the Property Law Act 2023 (Qld), will increase the current maximum life of trusts (called the perpetuity period or vesting period) by 45 years to 125 years (up from the existing 80-year limit).

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ACCC issues infringement notices to Cash Converters and Mobile Travel Agents: a warning to franchisors regarding updating information on the Franchise Disclosure Register

Two franchisors have recently paid penalties after the ACCC issued infringement notices for alleged breaches of the Franchising Code. This serves as an important reminder to franchisors to comply with their obligations under the Franchising Code to annually update their information on the Franchise Disclosure Register.

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