As part of your estate plan, you should make a plan for the care of your pets when you pass away. You may ask a trusted friend or family member to take on this role, and you may choose to include this wish in your Will. You may also include a gift to the carer […]
What will happen to my pets when I die? Read More »
From 1 July 2023 a windfall gains tax (WGT) will apply to land that is rezoned by government resulting in a value uplift to the land in excess of $100,000. Why? Significant windfall gains can accrue to landholders when the value of their land increases due to government decisions to rezone land. According to the
WINDFALL GAINS TAX – The answer, my friend, is blowin’ in the wind. Read More »
To complete my intellectual property basic blog series here is: “Confidential Information – Ssshh It’s Secret!” Have you ever had a brilliant idea but didn’t know what to do with it? You didn’t know how to talk to people who did without letting the cat out of the bag? Copyright does not protect ideas, concepts,
CONFIDENTIAL INFORMATION – SSSHH ITS SECRET! Read More »
The Commercial Tenancy Relief Scheme (“2021 Scheme”) has been introduced by the Victorian Government to help ease the financial hardship caused by the COVID-19 Pandemic for commercial tenants. Like the 2020 Scheme the aim is to encourage tenants and landlord to negotiate in good faith to reach an agreement as to rent relief, the big
Commercial Tenancy Relief Scheme 2021 Read More »
What is a trade mark? A trade mark identifies a product or service and helps to distinguish it. It is your brand – your identity. It must be capable of distinguishing your goods and services from those of other people. A trade mark is a type of intellectual property (IP) and forms part of the
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
Statutory demand threshold increases to $4,000 Read More »
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
Victorian Tax Update (Duty & Land Tax) Read More »
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
AVOIDING DOUBLE STAMP DUTY Read More »