The Family Farm – When is the transfer of a farm to a relative duty free?

A farm is a significant asset and the value of the associated business is dependent upon how that business is operated by you now, and later, by your children and their children after them. The farm may constitute the majority of your family wealth and you may have difficulty passing on  [...]

2018-11-23T15:23:31+11:00November 23rd, 2018|Categories: Taxation|Tags: , , |

Employee/Contractor Checklist

The classification of workers as employees or contractors at common law is a continuing conundrum in various areas, including PAYG withholding, superannuation guarantee, payroll tax and general employment law. Many working arrangements are not black and white, and it is necessary to examine them closely to identify the factors indicating an [...]

2018-08-28T15:04:46+11:00November 21st, 2017|Categories: Employment Law|Tags: , |

New Safe Harbour Provisions – Directors’ protection in insolvent trading situations

Australia’s insolvent trading laws are set to be drastically altered by the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Bill 2017 (Bill), which was passed by the senate on 11 September 2017. The imposition of personal liability on company directors for company debts in insolvent trading circumstances has historically [...]

2018-08-28T15:49:49+11:00September 25th, 2017|Categories: Insolvency|Tags: , |

Overview of the Insolvency Practice Schedule – enhancing the rights of a creditor in an external administration

Introduction The Insolvency Practice Schedule (Corporations) Schedule (Schedule), which was introduced as a schedule to the Corporations Act 2001(Cth) (Act) in February 2016, will become fully operative in the next few months. As at 1 March 2017, a portion of this schedule has become operative, primarily in relation to new [...]

2018-08-31T16:28:28+11:00May 29th, 2017|Categories: Insolvency|Tags: , |