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Category Archives: News

End of Financial Year: Business Health Checklist

End of Financial Year Compliance Goes Beyond Taxes While accountants play a crucial role in ensuring tax compliance, legal compliance is equally important. This includes compliance with business structures, contracts, employment agreements, and regulatory requirements. Neglecting these areas can result in severe consequences such as financial penalties, legal disputes, and damage to reputation.

Why should you sign a shareholder agreement with your business partner?

In Australia, shareholder agreements are very important. The content of a shareholders agreement generally includes: Shareholders’ voting rights; Shareholder roles and responsibilities; repayment arrangements; and Profit distribution, etc. If the partners do not sign the shareholder agreement, once a dispute arises between the two parties in the future and a settlement cannot be reached, there […]

Porter Davis Homes liquidation! How can property owners minimise losses if the project has been suspended?

What does it generally mean when a construction company goes into liquidation? In Australia, when a company enters into official liquidation proceedings, it must immediately cease all operations and be controlled by a designated liquidator who manages its assets and liabilities, and sells assets to repay debts. If it’s a construction company that goes into […]

Three key factors that determine the success of a bail application

In Victoria, every defendant has the right to apply for bail after being arrested. For general criminal cases, the government has an independent department (BAIL JUSTICE) to review all bail applications and is responsible for approving or rejecting them. Defendants can apply for bail immediately after being arrested, and the typical procedure is to fill […]

5 Must-Knows Before Signing a Prenuptial Agreement

First, it needs to be determined whether the jurisdiction where the prenuptial agreement is signed recognizes prenuptial agreements. If you and your partner are in Australia, you don’t have to worry about this. In addition, to ensure that the prenuptial agreement can be enforced in any court, you must ensure that all of the following […]

7 Factors That Determine Whether You’re in a De-Facto Partnership

In Australia, when a de facto relationship ends, there may be entitlements for property settlement, just as there are for married couples. To determine whether a couple is in a de facto relationship, the court will consider several factors. It is important to note that not all of these factors need to be present for […]

Will & Probate: Who will inherit assets if there is no will?

In Australia, whether a person has a Will directly impacts the distribution of their assets after their death. If there is no will, the law will determine who is entitled to inherit these assets.  This article primarily refers to the laws in Victoria. Please be noted that inheritance laws may vary in different states and […]

Will & Probate: Three types of assets you can’t leave in a will!

It’s important to understand that not all assets can be transferred through a Will. There are three types of assets that cannot be included in a Will: Property owned as joint tenants – This type of property passes from one owner to the other through survivorship, bypassing the provisions of a Will. Assets from a […]

Will & Probate: You should change your will in these 4 circumstances!

Making a will early is a good idea, but it’s important to remember that your circumstances and environment may change over time. Your relationship status may change the way your property is distributed. We suggest that if you encounter the following situations, you should contact a lawyer as soon as possible to amend your will: […]