Newsletter
Due Diligence when Buying an Existing Business
If you are thinking about a new venture, expanding an existing business or entering a new market, one option you might consider is to buy an established business. There are advantages and disadvantages when buying an existing business compared with starting your own....
Why it’s a bad idea to write your own Will
It is relatively easy to find a free Will template on the internet and fairly cheap to buy a Will “kit” from a newsagent or online. There are also websites that have “data collectors” that take your information and create a Will for you seemingly without any legal...
The employees right to disconnect – new law
Is your company ready for the changes to your employees right to disconnect from work. On 12 January 2024 parliament passed the bill to amend the Fair Work Act to give employees the right to disconnect from work. This right will take effect on 26 August 2024 for...
Transferring Property Between Family Members – Key Considerations
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
New Victorian Land Tax Laws
Land Tax no longer adjustable The proposed amendments to the Sale of Land Act 1962, Property Law Act 1958 and Windfall Gains Tax Act 2021 prohibit settlement adjustments for land tax or an existing WGT liability between a vendor and purchaser in all contracts for the...
Business Owners.. Are You Paying Attention?
This month I am talking about running your business. Do you have a credit contract? Do you have terms and conditions when you sell product? Do you use the PPSR to protect your business goods? Lastly do you have the ABN for the businesses you are doing business...
Employment Law
Victorian Crime Statistics Agency recorded 88,214 ‘family incidents’ in 2019–20 and a massive cost is born by government, individuals and their families and the community at large. Did you also know that earlier this year, changes to legislation were made to cover...
Victoria 2 Lot Subdivisions
Last month I gave a snapshot into NSW 2 lot subdivisions. This month we do Victoria. Two lot subdivisions are exempt from many of the legal requirements placed on larger owners’ corporations “OC’s”. For example: If your OC has two lots, you do not have to: Take out...
We’re still friends, why do we need a ‘legal’ property settlement?
Many couples separate on good terms, which is great. The breakdown of a relationship can be difficult, however putting differences aside to move forward can be beneficial, particularly where children are concerned. Ex-partners who remain on good terms may choose to...
FAQ on Estate Planning
While many people are unlikely to nominate estate planning aka “Thinking about what will happen to my assets when I die” as being on their “most wanted things to do” list in reality, this is something that should be on all our “must do” lists. Proactively planning for...