BLB News

NSW LAND TAX - CLARIFICATION THAT ZERO RATE THRESHOLD APPLIES TO SELF MANAGED SUPERANNUATION FUNDS

30/04/2012

A recent amendment to the Land Tax Management Act, 1956 (NSW) has removed any doubt that the entitlement to the zero rate threshold for NSW Land Tax applies to both APRA regulated superannuation funds as well as self managed superannuation funds.

THE PPSA - BE CAREFUL WHAT YOU SIGN

30/04/2012

With the Personal Property Securities Act 2010 (PPSA) which came into force on 30 January 2012, business needs to ensure they comply with the PPSA so they can maximise any priority they may have in securities they take over personal property.

FORMER RUGBY LEAGUE STAR LIABLE FOR COMPANY'S DEBT

30/04/2012

The law generally considers a company to be a separate legal entity to its directors and therefore in most circumstances the director will not be liable for debts incurred by the company. Having said that, it is noteworthy that there are over 700 separate pieces of federal and state legislation throughout Australia that make a director liable for their company's behaviour.

WHO GETS THE HOME - THE SPOUSE OR THE KIDS?

30/04/2012

People today can be part of several families over their lifetime. How do you gift your house to your kids but not leave out your spouse?

WORD PLAY

02/04/2012

As lawyers we work with words. We love it when the words get turned around.