The definition of a “consumer” under the Australian Consumer Law (ACL) changed as at 1 July 2021. A party is now defined as a consumer if the party purchases goods or services that are: – valued less than $100,000; or – valued at more than $100,000 but are of a kind ordinarily acquired for personal, …
Australian Consumer Law – “Consumer” threshold increases to $100,000 Read More »
From 1 July 2021 the threshold at which a creditor can issue a statutory demand on a company will increase from $2,000 to $4,000 (The Corporations Amendment (Statutory Minimum) Regulations 2021). The new threshold of $4,000 will apply to all statutory demands served on or after 1 July 2021. A statutory demand is a formal …
The Act introducing the following budget amendments received Royal Assent on 16 June 2021. Duties Act 2000 – Stamp duty (Land Transfer Duty) on high-value property transactions with a dutiable value above $2 million will increase to $110,000 plus 6.5% of the dutiable value exceeding $2 million. This will apply to contracts entered into on …
In the recent case of McGrane His Honour Judge Cosgrave applied the principles for adverse possessions claims set out in the judgment of the Victorian Court of Appeal in Whittlesea City Council v Abbatangelo [2009] VSCA 188. His Honour was satisfied that the McGranes had established that they had adversely possessed the subject land and …
When an original purchaser under a Contract of Sale of Land nominates a subsequent purchaser, care and planning must be taken to ensure that double duty is not incurred pursuant to the sub-sale provisions of the Duties Act 2000 (Vic). Double stamp duty may be payable when: 1. land development occurs between the time the …
Fleur Craig is very pleased to announce that Armour-Craig Legal has moved into Suite 7, 21 Smith Street, Warragul. Come in and say hello or contact Fleur Craig by phone on (03) 5636 4986 or email fleur@armourcraiglegal.com.au or make an enquiry through the contact page.
YES, young adults need wills too! Young adults often think there is no point in them making a will because they think they have not accumulated enough assets to worry. However, many young adults have a job, and they have a superannuation fund. When they become a member of a superannuation fund they usually take …
Australia does not have a registration system for copyright protection. Copyright protection applies automatically when material is created. Works do not need to be published to be afforded copyright protection. The copyright notice (in Australia this is the © symbol) can be displayed on the works, but this is not required to afford protection. The …
An application to admit an informal will to probate was granted in the recent case of Re Logan [2021] VSC 131. The deceased made handwritten changes to an unexecuted copy of his previous will. He signed the informal wall in the absence of any witnesses, and not in accordance with the formal requirements set out …
The general principal is that a person has the right to dispose of their estate as they wish. However, the Court has the power to override the deceased’s wishes if the Court determines that this right has been abused because the deceased has breached his or her moral duty to provide proper maintenance and support …