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Changes to Personal Property Securities Act – PPS Leases

The Australian Government introduced the Personal Property Securities Amendment (PPS Leases) Bill in the House of Representatives. After passing through the Senate the proposed changes became law with the enactment of the Personal Property Securities Amendment (PPS Leases) Act 2017 on 20 May 2017. The date is important and has…

Avoid Nasty Taxation Surprises in Family Law Settlements

There are significant differences in the tax consequences of certain family law related actions particularly when negotiating property settlement outcomes – the cutting of the cake! Unique opportunities in the family law environment can enable a couple to lawfully restructure wealth while avoiding, or minimising, the hefty tax and revenue…

Incentives for First Home Buyers in NSW

First home buyers in New South Wales can expect big stamp duty savings through reforms which were delivered in the 2017 budget and commenced on 1 July 2017. The new package is anticipated to assist many potential purchasers by improving housing affordability across the state. Policies have also been introduced…

De Facto Relationships and Will Contests

All jurisdictions in Australia provide statutory rights for eligible persons to contest an unfair Will if they can show that that have been left without adequate provision by the testator. In New South Wales, an eligible person includes a spouse, de facto partner, or child (of any age) of the…

Does your employment contract measure up?

If you are entering into an employment contract do you know what should be included? If you are an employer and using an old contract, should it be reviewed first? It is clear contracts should be individually structured to meet the needs of those involved and in reality both employer…

Tax Responsibilities of Small Business Owners

Have you started a small business and are wondering what you need to do to keep your tax affairs in order? In this article, we provide an overview of the tax responsibilities of small businesses including record keeping, reporting obligations and paying tax. It is important to note, however, that…

Update on Personal Property Security Register

The Personal Property Securities Register (PPSR) is a national, electronic register of security interests in personal property that was established on 30 January 2012. What does the PPSR cover? The easiest way to understand what is covered is to dissect the name – Personal Property Securities Register – think of…

Disputes and the ATO

Given the complexity of the taxation regime and the requirement for taxpayers to initially self-assess their liabilities, disputes between taxpayers and the Australian Taxation Office (ATO) will inevitably arise from time to time. If you disagree with a decision that the ATO has made about your tax affairs, you have…

Mental Health Issues And Dismissal

The case of Finnegan v Komatsu Forklift Australia Pty Ltd (2017) illustrates the importance of addressing mental health issues becoming entwined with the workplace. In this case, an employee’s poor sales performance resulted in him being placed on a performance improvement plan under a new manager. However, the relationship between…