“DEBT RECOVERY PROCESSES – QUEENSLAND
(DEBTS UNDER $25,000)
Any business owner knows that cashflow is integral to the successful running of your business.
Cashflow allows a small business to purchase inventory, pay employees and expenses and improve the business itself.
Very simply, a small business can’t stay open if there is no cash for inventory, and if there’s no inventory, then there’s nothing to sell and therefore no business.
So what to do when people owe you money? Read More
“Divorce is a life altering event. It brings waves of overwhelming emotions like fear, anger and loneliness. The effect divorce has on workplace productivity is well-documented throughout the world. Recent research shows that divorce costs the Australian economy over 14 Billion per year Read More
“There is nothing nobler than giving up your time to assist a local club, association or body corporate committee. The common perception that Committee roles on these committees are low risk is not completely correct. Read More
“Unfortunately, for many couples and families, the start to the New Year brings with it chaos, heartache, and vulnerability regarding their future. Preparing oneself for separation and/or divorce seems counter-intuitive, but it is exactly what one needs to do. You need to know where you are actually standing so that you can take the right step forward. Read More
“We all know that a Will is one of the most important documents we’ll ever need so why is it that only 59% of us have one? And if you do have one, why do a number of people acknowledge that it hasn’t been updated in many years and doesn’t really reflect their current situation? Read More
“How much do you tell your parents about the person (or people) you’re sleeping with? Read More
“Apart from the fact that they were all very famous, they also all died without leaving a will. Why?
Well, that's the $64 million question everyone has been asking, especially after the recent death of Prince! Read More
“Upon the breakdown of a marriage or defacto relationship, when parents decide that separation or divorce is the only viable option for their family, one of the most important considerations the parents must address is managing their children’s best interests Read More
“Jarryd Hayne and Trent Robinson happen to be at the same bar at the same time. So too is former Australian soccer player Robbie Slater. All of a sudden "word" gets out that the Hayne-Plane is leaving the NFL and joining the Roosters. Hayne's response "This is all time (no doubt an American saying). You say hello to a coach and media make a story out of it". Read More
“From 1 December the Government introduced major changes to FIRB ( Foreign Investment Review Board) applications Read More
“Important changes to the Personal Property Securities Act (PPSA) came into effect on 1 October 2015. Read More
“While many have reached the end of their tether with the Disney’s film “Frozen” and the Director has personally apologised to parents of Elsa and Ana-obsessed children no one can deny it was a monstrous hit.
However, New Jersey resident, Isabella Tanikumi, also known as L.Amy Gonzalez would rather you never saw it again.
“Divorce creates two families when there once was one. Sometimes this transition is relatively easy; other times it can be thwart with tension and conflict. Parents, however, hope any negative impact on their children will be minimal. Because school is such an important part of the child's life, working with your child's teacher to lessen any negative impacts from this transition is especially important. Read More
“When a review goes from bad to worse…
While many people choose to vent their frustrations through the assumed anonymity of the internet, the reality is that your review may be sourced back to you and carry a risk of defamation proceedings being commenced against you. Read More
“Often people purchase property with family and friends not expecting that their relationship will change for the worse.
So what happens if there is a dispute and one owner wants to sell but the other co-owner(s) don't want to sell and can't (or won’t) buy the other out?
“We’ve all heard the stories where one unit owner decides he/she owns the complex and can do as he/she likes and paints the front of their unit a hideous shade of pink that clashes with the colour scheme entirely, or they take to ‘pruning the palm trees’ leaving nothing but a stick out of the ground!
What can you do as an owner of an adjacent unit? Read More
“It is very common for business of all types to take advantage of internal leases. Text book asset protection advice usually recommends holding all assets in one entity (a “holding entity”) and leasing those assets to another entity (an “operating” entity) for use in a business. Is this how you operate? Does your business otherwise allow assets to be placed into the possession of others (through leases, licenses or just be giving those assets to others to use) If so, you should probably read on…
““Where there is a will, there is a relative. Where there isn’t a will there is chaos” (Anonymous)
Don’t let other people make the decisions when you’re gone.
Everyone over the age of 18 should have a valid will. If you die without a Will, you are said to have died intestate. The Queensland laws of intestacy are outlined in Part 3 of the Succession Act 1981. This Act sets out the rules for distributing your assets.
Don’t rely on DIY Will Kits. There are strict laws which determine whether a will is valid. Read More
“The Queensland Government recently issued the Land Sales and Other Legislation Amendment Bill 2014 (the Bill) which, if passed, will change the rules which apply to selling off the plan lots. Read More
“The Family Business Duty Concessions provided for in the Duties Act 2001 (Qld) (the “Act”) have been updated and expanded.
Previously, concessions applied where gifts of farmland and/or business assets, used to carry on a primary production business, were made to Transferees who are lineal descendants of the Transferor (e.g. parents to children). Read More
What would happen if you were incapable of looking after your own affairs?
The Enduring Power of Attorney is a much underestimated document but just as essential, if not more important, as having a will.