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The ATO have accepted that self-managed superannuation funds (SMSFs) can provide rent relief and loan concessions to related parties because of COVID-19 without breaching the SIS Act, but there are limits. What will SMSFs have to provide to their auditors?
There are very lengthy delays obtaining trial dates and judgments in the Federal Circuit and Family Court. To circumvent delays, arbitration can be an effective mechanism to quickly determine your family law matter and often at less expense. However, arbitration is generally limited to financial matters (excluding child support) and cannot be used to decide parenting disputes.
Cooper Grace Ward is very proud to be recognised as a finalist in the Employer of Choice category in the 2020 Australian Law Awards. The recent announcement showcases the Brisbane-based firm along with nine other respected Australian law firms.
Cooper Grace Ward partner, Hayley Mitchell has been recognised by Doyle’s Guide in its annual listing of Leading Wills and Estates Lawyers.
If you are in the fortunate position of having reached an agreement with your separated spouse about financial issues, your friends (or your googling) may have informed you that there are at least two legally enforceable ways to document a property settlement.
A 139ZQ notice issued by the Official Receiver is a powerful tool for trustees in bankruptcy seeking to recover a benefit received by a third party from an alleged void transaction. These include transactions such as an unfair preference, an undervalued transaction, or a transaction to defeat creditors.
Yes, if you engage an expert family lawyer, who will draft your agreement carefully and give you the right advice.
At any point in time, it is important to ensure you have in place an up-to-date estate plan. However, there are particular milestones and events during life that make it more important, or critical, to review your estate planning.
Having an up-to-date enduring power of attorney is important, and particularly for those people with a self-managed superannuation fund. Given the practical implications, deciding whether the power of attorney should commence immediately or only on loss of capacity should be given careful consideration. When reviewing your enduring power of attorney, you should consider whether your attorneys are going to be able to act when you need them to.
Definitely not. Prenups signed days before a wedding pose a huge risk of the financially weaker spouse later arguing they were pressured into signing.
It can be a difficult time when neither you nor your ex is willing to move out of the family home after separation.
The ATO will be increasing its focus on SMSFs that have stopped lodging returns in pension phase in order to identify issues with member/trustee capacity.