Thredbo Village Thredbo is ski resort location in the Kosciusko National Park in NSW. Kosciuszko Thredbo Pty Limited, in conjunction with its subsidiary Thredbo Resort Centre Pty Ltd (collectively referred to as KT) owns (by way of a 99 year lease granted over the land in 1957) and operates, the well-known Thredbo Village Ski Resort [...]
Buying and selling tow truck licences (which can sell for up to several hundred thousand dollars each) can be a tricky business. Due to their scarcity, their cost and the cost of getting it wrong, careful consideration should be given to properly documenting these transactions on a case by case basis. The nature and number [...]
Set to commence on 1 September 2015 after receiving assent, the Powers of Attorney Act 2014 (Vic) (New Act) is the government’s response to an inquiry conducted by the Victorian Parliamentary Law Reform Committee (‘Inquiries into Powers of Attorney’) and recommendations of the Victorian Law Reform Commission (‘Guardianship: Final Report’). By simplifying Victoria’s powers of [...]
A recent NSW Supreme Court case provides a timely illustration of the importance of having written employment contracts for managerial or executive employees. Whilst such employees may not have access to the Fair Work Commission unfair dismissal regime (if their remuneration exceeds the jurisdictional threshold of $133,000) such employees may find that contractual claims are [...]
Death and gift duties were progressively abolished by Australian states and the Commonwealth around 1980. However, Australia remains one of six out of 34 countries in the Organisation for Economic Co-operation and Development (OECD) that do not have death duties.1 Australians moving to, or investing in, foreign countries with death duties may be affected. Domiciles [...]
Project DO IT: Disclose Offshore Income Today Project DO IT is an initiative to allow Australian taxpayers to disclose offshore income, that has been previously unreported, and remains assessable by the Tax Office. To incentivise taxpayers to voluntarily disclose, the Tax Office is offering to significantly relax penalties that would apply if the offshore income [...]
There can be no doubting that purchasing or developing property is an exciting time. However, both activities involve significant investment (potentially the biggest of your lifetime) and there are many pitfalls you need to avoid to ensure your investment is sound. Pointon Partners’ are able to assist you to ensure that you purchase or develop [...]
© Anthony Pointon 2014 Disclaimer: The material and opinions in this paper are those of the author and not those of The Tax Institute. The Tax Institute did not review the contents of this paper and does not have any view as to its accuracy. The material and opinions in the paper should not be [...]
Questions: Yes No Did you know… Directors are personally liable for company liabilities incurred whilst the company is insolvent? Directors are personally liable for PAYG withholdings that remain unpaid and unreported within 3 months of them becoming due? Directors are personally liable for superannuation that remains unpaid and unreported within 3 months of it becoming [...]
Questions: Yes No Does your family have any assets that are jointly owned? Have loans between family members been documented? Does your will consider loans that have been made to or by family members? Do you have a Family Constitution to govern family dealings? Do you operate a family business? Have you dealt with [...]
