Other Articles
COVID-19 Important updates for financially distressed businesses
This material is general in nature and incorporates information regarding proposed or pending legislative changes to address the potential economic and other impacts of the Coronavirus (COVID-19) pandemic. On 22 March 2020, the Australian Federal Government delivered...
COVID-19 – Business as (un)Usual
As the COVID-19 situation escalates, we have been working on ways to ensure we can still continue to meet all of our client’s legal needs during this difficult time. From recent reports, it appears the social distancing measures are slowing the spread of the virus. It...
Contractual obligations in the wake of COVID-19
The coronavirus (COVID-19) presents numerous challenges for individuals and businesses, amongst them, the legal rights and responsibilities under existing contracts during a pandemic such as this. Parties to a contract that are facing difficulties in meeting their...
Important things to consider when buying a business
If you are considering buying a business there are many things you need to do from a legal, financial and general business perspective. Getting the right advice from the start is important. The structure used, and issues involved in the sale are quite different if you...
Making your Will count – Healthy Will Checklist
It is important for everyone over 18 to have a Will to make sure their wishes are followed and their assets are distributed as they would want after they die. If you don’t have a Will your assets will be divided according to how the law dictates in the rules of...
Avoiding residential conveyancing traps – how your lawyer can help
Conveyancing is the process involving the transfer of legal title of real property from one person to another. The conveyancing process is designed to ensure that the buyer obtains good and marketable title to the property together with all the rights that run with...
SMSF – Non-bank LRBA – 30 June deadline
It is strongly recommended that non-bank SMSF limited recourse borrowing arrangements ("LRBAs") be reviewed to ensure compliance with the safe harbour guidelines published by the ATO last week (see PCG 2016/5). Income generated from a non-bank LRBA asset that does not...
Nuts and Bolts of Land Tax Surcharge and Discretionary Trusts
What is the surcharge land tax? Commencing the 2017 land tax year (that is ownership of land at midnight, 31 December 2016) surcharge land tax applies to foreign persons including foreign corporations, trusts and government who own residential land in NSW. From 21...
SMSF Deeds
It is strongly advised that SMSF Deeds are reviewed before 1 July 2017 and updated where necessary. We are pleased to advise JMA Legal has reviewed and amended its SMSF Deed to satisfy the upcoming Federal legislative changes. In particular our deed allows for: -...
Transferring Dutiable Land – Order of Operations
You act for Robert who is the executor of his late wife Maggie’s estate, along with Maggie’s three children. Robert brings in the original will which was prepared by another solicitor in 1998.You are surprised when reviewing the will that Robert was not left anything,...