About Melinda

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So far Melinda has created 64 blog entries.
22 01, 2018

The Personal Property Securities Register (PPSR) in a nutshell

2018-01-22T09:54:33+00:00

The Personal Property Securities Act (PPSA) is the legislation that governs everything about security interests in personal property, which is almost all property that is not land. The broad purpose of the PPSA is to create a system for the registration of security interests, which is searchable by anyone and which can then be enforced against other parties.  This register has been formed as the Personal Property Securities Register (PPSR).

The Personal Property Securities Register (PPSR) in a nutshell 2018-01-22T09:54:33+00:00
19 12, 2017

What is an unpaid present entitlement?

2017-12-20T19:51:27+00:00

If you have a discretionary family trust, then chances are your accountant has mentioned ‘unpaid present entitlements’ or ‘UPEs’. No doubt you have just nodded wisely, but deep down, do you really know what this means?

What is an unpaid present entitlement? 2017-12-20T19:51:27+00:00
23 11, 2017

Individual Flexibility Agreements: Bending Backwards Without Bending The Rules

2017-12-05T08:26:45+00:00

You may have noticed that ‘flexibility’ has become the new buzz word for Australian workplaces. Most of the popular focus has been on the benefits that flexibility provides to workers, rather than employers. As an employer, you may only just be keeping up with all of the day-to-day issues that come with employing someone [...]

Individual Flexibility Agreements: Bending Backwards Without Bending The Rules 2017-12-05T08:26:45+00:00
22 11, 2017

Are you about to pay off your SMSF ‘limited recourse borrowing’ loan?

2017-11-23T11:03:53+00:00

If you are about to pay off your limited recourse borrowing loan (or have recently done so), you are probably wondering what to do next. You might want to simplify your super fund investments and wind up the custodian trust. Or you might be planning your next property purchase. In this article, we answer [...]

Are you about to pay off your SMSF ‘limited recourse borrowing’ loan? 2017-11-23T11:03:53+00:00
21 11, 2017

What happens when someone leaves a partnership?

2017-12-11T07:19:00+00:00

What law governs partnerships? Partnerships are governed by a number of different laws. Fundamentally, a partnership is a creature of contract law. This means that the parties to a partnership can agree how the partnership will be regulated. When you have any question about your partnership, your Partnership Agreement should be the first place [...]

What happens when someone leaves a partnership? 2017-12-11T07:19:00+00:00
20 11, 2017

Yes, you do need a testamentary trust

2017-12-14T09:32:04+00:00

Most people who advise on testamentary trusts talk about the ‘tax benefits’. This emphasis is plain wrong. Why? Because, a simple Will (without a testamentary trust) is more likely to do harm, and to lead to family disharmony, than one with a testamentary trust.

Yes, you do need a testamentary trust 2017-12-14T09:32:04+00:00
20 11, 2017

What happens to a gift in your Will if you no longer own the asset when you die?

2017-12-14T09:24:46+00:00

A gift of property that is no longer in your estate when you die automatically ‘fails’ (or ‘adeems’). This rule can lead to unfairness and unintended consequences.

What happens to a gift in your Will if you no longer own the asset when you die? 2017-12-14T09:24:46+00:00
7 11, 2017

Are trusts a ‘tax loophole’ exploited by the wealthy?

2017-11-14T08:23:39+00:00

People who say this are just demonstrating their ignorance. Here’s why. The ability to use a trust as a ‘tax loophole’ was pretty much closed out in the 1970-80s. To suggest that trusts somehow make tax disappear for the ‘wealthy’ is plain silly.

Are trusts a ‘tax loophole’ exploited by the wealthy? 2017-11-14T08:23:39+00:00
4 11, 2017

Pssst, over here! (You need to read this if your business turns over more than $3 million)

2017-11-23T11:06:44+00:00

We’ve all heard about the increasing prevalence of data ‘breaches’ and ‘hackings’.  Some well-publicised examples include: The hacking of Microsoft’s Business Productivity Online Suite in 2010; The theft and publication of 6 million user passwords from LinkedIn in 2012. This was followed up in May 2016, when hackers stole and posted for sale on [...]

Pssst, over here! (You need to read this if your business turns over more than $3 million) 2017-11-23T11:06:44+00:00
1 11, 2017

Kasia Maczuga

2017-11-01T11:07:52+00:00

Kasia works on a wide range of commercial and private client matters. She has a broad interest in general commercial matters, estate planning and business law. Kasia enjoys providing practical advice in a number of areas including probate and letters of administration.

Kasia Maczuga 2017-11-01T11:07:52+00:00
26 06, 2017

2017 Federal Budget Impact Summary: The Reboot

2017-12-15T08:59:36+00:00

Treasurer Scott Morrison has just unveiled his 2017 Federal Budget, which seems to have been met with responses ranging from mild indifference to mild approval. Here is a brief summary of some of the main points that may affect you. Increase to the Medicare Levy The Medicare Levy will increase from 2% to 2.5% [...]

2017 Federal Budget Impact Summary: The Reboot 2017-12-15T08:59:36+00:00
8 05, 2017

Accountants now liable for Fair Work breaches made by clients

2017-12-15T09:03:48+00:00

The Fair Work Ombudsman has won its first case against an accountant being ‘knowingly involved’ in the workplace breaches of his client. The accountant could now face up to $357,000 in penalties, as though he committed the breaches himself. Find out what you can do to avoid this problem.

Accountants now liable for Fair Work breaches made by clients 2017-12-15T09:03:48+00:00