A feature of a discretionary trust is its flexibility to distribute income and capital to a range (or class) of beneficiaries. To achieve these goals, trust deeds have traditionally been drafted to include a wide range of beneficiaries and potential beneficiaries. In...
Subdividing your land (subdivision) involves the partition of a parcel of land into smaller portions. Once land is subdivided, a ‘title’ is created for each new portion which can be separately sold and transferred. A subdivision may range from the creation of separate...
Life throws us obstacles now and then and it’s not uncommon for some of these to challenge our financial security. Mortgage stress – when we struggle to meet our home loan repayments, probably affects more people than you think. A mortgage is essentially a...
On 4 June 2020, Prime Minister Scott Morrison announced the immediate commencement of the HomeBuilder program. HomeBuilder is one of the federal government’s economic responses to the effects of the coronavirus pandemic. Its aim is to stimulate demand for new homes...
If you have recently purchased a new or near-new apartment or townhouse in a strata complex, only to find construction defects or poor-quality work, you will no doubt be disappointed and frustrated. Knowing your rights and the relevant time limitations in pursuing a...
It’s important for all businesses to have systems in place to determine whether workers should be classified as employees or independent contractors, as tax, super and other government obligations are different depending on whether the working arrangement is...
