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).
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So far Melinda has created 64 blog entries.
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?
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 [...]
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 [...]
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 [...]
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.
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.
Doctors earn their money by ‘doing things’. Performing surgery, diagnosing an illness. This is great from a ‘personal fulfilment’ perspective, but not so great from a ‘personal tax’ perspective.
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.
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 [...]
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.
A Guide to what your SMSF can, and can not, invest in.
Catherine assists families and businesses in a range of areas, including estate planning, commercial agreements and setting up entities.
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% [...]
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.