• GST changes for new residential properties

    The Commonwealth Treasury has released an Exposure Draft of the Treasury Laws Amendment (2017 Measures No. 9) Bill which proposes a new goods and services tax (GST) withholding regime for new residential premises or new subdivisions of potential residential land as announced in the 2017-2018 Federal Budget.

  • Duty to act in the best interest of the client

    The Federal Court has ordered that financial advice firm Golden Financial Group (formerly NSG Services) (“NSG”) pay a civil penalty of $1 million after it failed to act in the best interest of its clients and provide appropriate client specific advice.  This was an ASIC test case and its outcome indicates that significant penalties are likely to flow from breaches of this duty.

  • Court finds unsent text message to be a Will

    Re Nichol; Nichol v Nichol & Anor [2017] QSC 220

    In a judgment delivered on 9 October 2017, the Supreme Court of Queensland has held that an unsent text message be admitted to probate as the deceased’s final Will.

  • Changes to Intestacy, Ademption and Executors’ Commission in Victoria

    The Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 will come into force on 1 November 2017 which amends the Administration and Probate Act 1958 (Vic) dealing primarily with intestacy, ademption and executors’ commission.

    Some of the major amendments are discussed below.

  • Proposed changes to Residential Tenancies Act

    The Andrews Government this week announced changes to the Victorian Residential Tenancies Act 1997 (Vic) (“Act”)aimed at giving tenants greater powers, information and security in relation to residential renting arrangements.  The changes come as a result of the Government’s review of the Act.

    Some of the proposed changes include:

  • Wills laws and same sex marriage

    The laws relating to Wills treat same sex couples the same as unmarried heterosexual couples, who are called ‘domestic partners’ in the legislation.  

  • Concerns over privatisation of Land Use Victoria

    Rob Bradley spoke to Judy Ann Steed on community radio 3MDR today on behalf of the Law Institute of Victoria on the subject of the proposed privatisation of Land Use Victoria or “LUV” (the Office of Titles).

    He said that the Institute and its members were concerned about

    • Maintaining the integrity of LUV in a privatised system

    • The lack of incentives for a monopoly provider to provide a quality service at a reasonable cost

  • Australia’s business-based 457 visas to be abolished

    The Prime Minister today indicated that the Federal Government will get rid of 457 visas. The purpose for which the subclass 457 visa was initially established was to prevent short term skill shortages in Australia. In more recent years it has been increasingly been used as an avenue to permanent residency in Australia.

  • Who makes the decisions?

    Changes to the Medical Treatment Planning and Decisions Act 2016

    One of the most important questions we deal with when discussing a person’s medical affairs is “who makes the decisions”. The short answer is, you do! But what happens when you cannot make decisions for yourself?

    Current Legislative Framework in Victoria

    The law varies in each state.  This article deals with the Victorian law.  Presently, medical practitioners need a patient’s consent before performing any medical treatment.

  • When Is A Contractor Considered An Employee?

    It is important to know the differences between an employee and a contractor as this will affect your responsibilities, tax and super. If you incorrectly treat your employees as contractors, you risk having to pay penalties and charges.

    For the full text of this article, please go the MSI Global Alliance page » MORE...