Does a business name protect your brand?
A business name does not give you exclusive trading rights over the name of your business. The obligation to register a business name is a legal obligation which is entirely separate to any steps that business owners may take to protect any intellectual property rights in a name or brand, such as registering a trade mark. Read on...
Lost or destroyed family trust deeds?
Invariably there will be times where documents get lost or destroyed. If this happens and you need to replace a lost deed, then we can arrange a deed of confirmation through our lawyers. It is, however, essential that you try and locate a copy of the document first because of the potential difficulties involved. Read on...
March 2018 Update
State governments are making it more expensive for foreign ownership of land through family trusts, whilst SA farmers continue to benefit. ASIC reaffirms its commitment to company compliance, whilst we have some announcements and product updates of our own. Read on...
Foreign Person Surcharge & Family Trusts
Victoria, Queensland, NSW, and South Australia have all imposed foreign person surcharges on Stamp Duty and/or Land Tax, with Western Australia due to follow in 2019. Each state has its own legislation which deal with how these surcharges apply to Family Trusts and their respective beneficiaries. Read on to find out how it affects your family trust deeds.
Announcement: New Website Goes Live
Good Morning to everyone. We’re excited to announce that our new and refreshed website is live!
An overview of trusts in Australia
Trusts are a fundamental element in the planning of business, investment and family financial affairs. Although trusts are commonplace, they are frequently misunderstood. There are many examples of how trusts figure in everyday transactions.
SMSF Trust Deed Updates
Fundamentally a SMSF Trustee must act in accordance with its SMSF Trust Deed and the Law - and auditors are increasingly facing pressure to ensure that SMSF trust deeds are up to scratch. We therefore recommend to our clients that any SMSF Trust Deed older than five years should be reviewed to ensure they remain compliant and reflect industry best practice. Importantly when a significant change in the law occurs, such as in July 2017, the SMSF Trust Deed should be revised as a matter of course.
Implementation study on single business identifier
The Minister for Small Business and Assistant Treasurer, the Hon Kelly O’Dwyer MP, announced an implementation study will be undertaken on the ‘single business identifier’. This measure was announced in the 2015-16 Budget’s Growing Jobs and Small Business Package, for Australian Company Numbers (ACNs) and Business Tax File Numbers (BFTNs) to be replaced with just the Australian Business Number (ABN).
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