Increase to Australia’s national minimum wage

Increase to Australia’s national minimum wage

On 31 May 2016, the Fair Work Commission lifted the Australia’s national minimum wage by 2.4 per cent, constituting an increase of $15.80 per week for the country’s lowest paid workers. The increase will see Australian businesses paying $821.60 more per year per employee on the minimum wage. The national minimum wage will be increased…

Running an online business

For start-ups establishing an online business, there are many legal issues to be considered before your business kicks off. Businesses must comply with their legal obligations to ensure their business and consumers are protected under relevant laws. Whether you run your entire business online or provide just some of your services, it is important to…

Managing online reviews

Managing online reviews

Online reviews need to be managed as customers are increasingly relying on them to make more informed purchasing decisions. Online reviews provide information about your business’s products and services based on the opinions of customers. Reviews can be found on a business’s website, social media, blogs or third party review sites. Managing your online presence…

Updating your SMSF trust deed

Updating your SMSF trust deed

Self-managed superannuation funds (SMSF) are governed by the rules set out in the trust deed, therefore, trustees need to ensure any actions do not breach the rules in the deed. As the trust deed is a legal document providing the governing rules for establishing and operating your SMSF, it needs to be reviewed and updated…

Misconceptions surrounding property law

Misconceptions surrounding property law

When a marriage or de facto relationship breaks down, the distribution of property is important for both parties. While some property settlements are reasonably straightforward, sometimes it can be difficult to determine the entitlements of each party. A common mistaken belief is that a couple must be divorced to finalise their property with their estranged…

Deciding on an executor

Deciding on an executor

Whether you are updating or creating a Will, designating an executor is not an easy decision. The role of executor requires a great deal of commitment. The executor of a Will holds the responsibility of administering your estate and ensuring your wishes are carried out in a time-efficient manner. When choosing an executor, a will…

SMSF borrowing LRBAs

SMSF borrowing (LRBAs)

While purchasing property through SMSF lending is becoming increasingly popular, the requirements and restrictions around the borrowing strategy can be quite stringent. SMSF lending for property investment can become complicated due to the strict borrowing conditions known as a limited recourse borrowing arrangement (LRBA). Borrowing from your superannuation can allow for greater SMSF portfolio diversification…

What happens when a SMSF trustee enters bankruptcy

What happens when a SMSF trustee enters bankruptcy

The SMSF sector in Australia has experienced enormous growth over the past decade, and many of the funds set up are made up of two members, usually a husband and wife or de facto couple. While having more control over your superannuation savings has become a popular option amongst couples, members need to be aware…

Businesses staying compliant in

Businesses: staying compliant in 2016

The start of a new year often sees small businesses reviewing the past year on what worked well and what needs improvement, and using those reflections to set new goals for the year ahead. What many businesses fail to do at the start of the new year is legal compliance ‘housekeeping’. Changes in legislation and…

Agreement or deed

Agreement or deed?

The decision on whether to use a deed or an agreement can make a significant difference to the success of a transaction or project. An agreement (or contract) must meet the following pre-conditions to be valid and enforceable: each party must have the intention to be legally bound there must be an offer from one…