Are Your Asset Protection Strategies Still Effective?

Recent changes in the law have cast doubt upon the effectiveness of common asset protection measures, such as asset gifting and discretionary trusts. Read on to find out how these changes could affect you.

Review of the Privacy Act 1988 (Cth)

The Australian Law Reform Commission has recommended comprehensive changes to the Privacy Act 1988 (Cth). It is expected that many of these changes will be adopted into law. Read on to find out how these changes might effect you!

Too Much Bond Money can be Too Much

Many properties listed on websites require the prospective tenant to pay bond money that exceeds one month’s rent. Landlords and agents are not entitled to demand or accept a bond that is greater than one month’s rent payable.

Your Legal Costs may be Tax Deductible

Like most other business expenses, there are a surprising number of tax deductible legal expenses available under the Income Tax Assessment Act 1997 (Cth) (“ITAA”) with some forms of legal costs specifically tax deductible. Are you taking advantage of these concessions?