BLB News

Life's Too Serious

27/08/2015

A heart-warming tale

7 Reasons why ASIC's $200,000 minimum for an SMSF is not in the client's best interest

28/07/2015

While there are a number of useful features of ASIC's new guidance papers on SMSF advice (Information Sheets 205 and 206), in our view comments relating to the preferred minimum for an SMSF of $200,000 are not among them.

Contracts dictating the damages for breach

28/07/2015

Can a contract state what the damages will be if a party breaches the contract? Will our courts enforce such a clause?

Over the hill and far away!

28/07/2015

What is happening to your Self Managed Superannuation Fund back at home whilst you are overseas? A closer look at how your trip abroad could impact on the residency of your superannuation fund and its ability to be a complying Australian superannuation fund.

Talk isn't always cheap - beware statements made during negotiations

28/07/2015

A recent Supreme Court decision highlights the danger of making verbal agreements during wider negotiations and demonstrates just how easily statements made (no matter how reluctantly) can be enforced years later