Other Newsletters
Elder abuse
It’s hard to imagine that somebody would harm, intimidate or take advantage of an aged and vulnerable person. Unfortunately, however, elder abuse occurs within our society and sadly, the perpetrators are often those entrusted with caring for our older generation....
How to set up a company in Australia
Embarking on a new business venture can be an exciting time. The structure you use to run your business will depend on its proposed size and activities, your family and financial circumstances and the risks involved. Getting legal advice from the start of your new...
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...
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...
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,...
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: -...
Time to Downsize?
The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 1 Act 2017 commenced operation on 1 July 2018 and provides that if you are 65 years or older and meet the eligibility requirements, you may be able to contribute up to $300,000 from...
Thinking of buying or selling a Residential property?
A ‘Residential property’ cannot be advertised for sale, either privately or by an agent, until a Contract for Sale, also known as a listing contract, has been prepared. The listing contract must contain at least: a copy of current title documents (title search, plan...
Lost trust deed and the presumption of regularity
You arrive at work early Tuesday morning grateful for the peace and quiet of your office after a morning of melodramatic tantrums by your two year old son. You’d given him 3 strawberries, turns out he only wanted 2, and the morning went downhill from there. You check...