Summary
As of 1 July 2018, certain purchasers of real property now have a GST ‘withholding obligation’ which involves withholding a part of the purchase price and paying it directly to the ATO. The change affects both purchasers and vendors of residential premises (including long-term leases over 50 years) or potential residential land.
What are the changes?
Employers Liability Newsletter - August 2018
Summary
Creditors with unperfected security interests may still succeed in defending liquidators’ unfair preference claims on the basis that payments received are in relation to a secured debt.
The Banking Royal Commission has highlighted the dangers involved in parents ‘going guarantor’ for their children.
Employers Liability Newsletter - July 2018
Summary
Since November 2015, amendments to the Conveyancing Act 1919 (NSW) have been in place which qualify a vendor’s ability to rescind contracts for residential off the plan property after the expiry of their “sunset” deadlines.
The amendments have now had time to mature and with several judgements that have since been handed down, it is apparent that the changes have had their intended effect.
Published | krystal prasad
TurksLegal is pleased to announce the appointment of a new partner and three senior associates as of 1 July 2018.
These individuals have shown enormous talent, not only as legal specialists, but also as ambassadors for our firm.
We also thank our valued clients, for giving our teams the opportunity to shine.
Partner
Ratnadeep (Dip) Hor, Partner, Commercial Disputes & Transactions, Sydney
Wiesac Pty Ltd v Insurance Australia Limited [2018] QSC 123
The intersection of trust law and statutory insolvency regimes continues to tantalise but the prospect of the settlement of principles now appears closer.
Summary
In the recent decision of White, in the matter of Mossgreen Pty Ltd (Administrators Appointed) v Robertson [2018] FCAFC 63, the Federal Court considered the circumstances in which an equitable lien can arise when a person, such as an administrator, uses his or her time and energy to care, preserve and realise property that is not property of the company.
The Facts