Electronic Transactions Amendment for Wills during COVID-19
Further to our article posted on 1 April 2020, new regulations were enacted on 22 April 2020 that allows a will, power of attorney or enduring power of attorney, a deed or agreement, an enduring…
Trading Terms
When did you last review your trading terms? Since the introduction of the Personal Property Securities Act 2009 (Act) at end January 2012, it is possible for suppliers to obtain priority over…
On Demand loans
Beware, on demand loans may not be enforceable. If a loan is made and it is repayable on demand or at call and no mention is made for a repayment date or the giving of notice demanding payment,…
Strata Unit car parking
Keep this in mind when doing your mortgage calculations. Do you know that Banks may when valuing your unit for your loan, either disregard or heavily discount a right to park that arises by exclusive…
Stamp Duty hidden trap
Transfer of Dutiable Property to a Beneficiary Under a Will. Concessional stamp duty is payable on a transfer of dutiable property such as, real estate, business or private company shares…
When estrangement is not enough
Many people have the erroneous view that when they die, they can leave their estate to whoever they choose—the corollary being that they can choose to leave out anyone from their will. In the event…
Settlement offers
The strategic use of an offer of compromise has much potential to end a dispute effectively and to focus the parties’ minds on the risks of litigation and commercial realities. Under the Uniform…
Stamp Duty and improvements made by the transferee
Although it would be a rare occurrence and would mainly occur in transfers involving family members, nonetheless if a transferee (purchaser) of property in NSW has paid for improvements to property…
Purchasing off-the-plan? Consider the risks
There are at least 3 categories of risk to consider. The first is construction risk, namely that it is possible the development may never be completed. Do some research on the developer to see if…