Additional Foreign Acquirer Duty

As part of the Queensland Government’s 2015/2016 budget measures, it will be introducing a 3% Additional Foreign Acquirer Duty (“AFAD”). This duty will be payable by foreign residents or entities who are purchasing residential land or property in...

Celebrating equity and diversity

This month’s Proctor magazine has analysed trends for women entering into and staying in the legal profession.  Some of the figures are staggering, particularly the finding that whilst more females are entering the profession (about 65% to 35% males) by their 40th...

Round-up of recent insolvency decisions

Liquidator’s remuneration trends in the New South Wales Supreme Court – In the matter of Independent Contractor Services (Aust) Pty Ltd (in liquidation) (no 2) [2016] NSWSC 106 The applicant was appointed administrator of Independent Contractor Services (“ICS”)...

Proposed insolvency reforms

Treasury issued a discussion paper on improving bankruptcy and insolvency laws in April 2016. Aside from a proposal to shorten the period of bankruptcy, the majority of discussion has been around the introduction of a safe harbour regime to allow directors to...