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Monthly Archives:
August 2016

MANAGED INVESTMENT SCHEMES – HOLIDAY LETTING – ASIC REVIEW

You may have heard the term ‘Managed Investment Scheme’ and wondered how it relates to holiday letting units that you or your clients might own. Managed Investments are financial schemes, regulated under the Corporations Act (the “Act”), that have three…

ATO introduces ‘safe harbour terms’ for SMSF’s limited recourse borrowing arrangements

The ATO has recently released a Guideline which creates ‘Safe Harbour’ terms from the non-arm’s length income (NALI) provisions for SMSFs acquiring an asset under a limited recourse borrowing arrangement (‘LRBA’). In short, a LRBA which does not comply with…

Common Sense Prevails in Fair Work Commission Bullying Decision

A recent Fair Work Commission decision in relation to an application for an order to stop bullying should provide some reassurance for employers that the Commission is willing to draw a distinction between reasonable workplace conduct and a person having…

QCAT lifts the corporate veil on defective building works

A recent QCAT decision appears to have changed the game for building contractors trading through a company to limit their personal liability in negligence. In this case, Olindaridge Pty Ltd and Ors v Tracey and Anor [2016] QCATA 23, a…

The importance of finalising financial matters following separation

The recent case of Scott & Scott [2016] FCCA 1659 demonstrates the importance of finalising property matters following separation. In this case the wife was entitled to 50% of the family home, 30 years after separation. The wife, aged 83,…