Self managed super funds – Who controls it?

As many of us age, so do our pensioners and those relying on their superannuation. JMA Legal work extensively with accountants and self managed super funds and the deeds that govern them. Day to day we see the issues that can arise with funds. Recently, an...

Your duties

You act for Tom who has been running a farming business since the early 1980’s, grazing sheep. Unfortunately for Tom his wife left him many years ago not long after their twins Gerrie and Matthew were born. Matthew and Gerrie both went to live with their...

Life insurance and buy-sell agreements

The ATO has recently released ATO ID 2015/10 that clarifies the ATO’s view as to whether a SMSF contravenes super legislation by purchasing a life insurance policy that covers the life of a member where the purchase is dependent on a buy-sell agreement. In...

Legal update for owner-builders

Legal Update for Owner-Builders New laws, the Home Building Amendment Act 2014 and the Home Building Regulation 2014, concerning owner builders have been in place for just over a year. If you are planning a renovation to your property this year make sure you...

Put or call?

Options are useful legal tools when one party, or both parties are keen to purchase or sell property but the time to do so is not right. Agreement has generally been made as to price and the transaction generally but either (or both) parties want to legally...