Reforms to combat illegal phoenix activity

Illegal phoenix activity is a means by which unscrupulous company directors seek to avoid payment of a company’s creditors.  It typically involves the transfer of a business (or assets) from one company shell to another, without properly recognising the value of the...

The new GST withholding obligations for buyers

From 1 July 2018, purchasers of new residential property across Australia will need to withhold the GST component of the purchase price of their property and remit it directly to the ATO as part of the settlement process. The changes introduce fairly onerous...

World Elder Abuse Awareness Day – 15 June

Today is World Elder Abuse Awareness Day. Elder abuse is a global issue which affects the well-being and human rights of our older generations.  It is an issue that deserves worldwide attention. Elder abuse is any act that that causes harm or distress to an older...

Reduction in first home owner’s grant

Attention first home buyers!   The government has recently announced that on 1 July this year the first home owner’s grant will be reduced from $20,000 down to $15,000.  Any contracts entered into after 30 June will only be eligible for the reduced amount. In...