Five traps for SMSFs buying off-the-plan

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John and Mary are looking to acquire an off-the-plan property through their SMSF. They need to consider the five following points. 1. Purchaser named on the contract It is important

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Why every property investor needs a Testamentary Trust Will

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Whether you just own your own home, or you have an expansive investment property portfolio, you need to have a Testamentary Trust Will. A Testamentary Trust Will is simply a

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Succession planning for private companies

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For those wanting to ensure that a particular family member becomes the director of a family company when the current director passes, it’s a minefield. So, you have a private

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Electronic company document execution

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Electronic execution of documents is bedevilling lawyers across the country because of the complex interweaving of various statutes and the common law. John and Mary have an SMSF and are

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Plan B: SMSF pension strategies during the COVID-19 recession

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Investment values have nosedived but an SMSF is still required to pay the minimum pension amount – Townsends Lawyers believe it’s time for Plan B. Retirement is supposed to be

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SMSFs selling geared equities which the Fund borrowed to buy

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If your SMSF can’t hold on any longer and must sell a parcel of shares or units which it borrowed to purchase, there are compliance issues which must be remembered,

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What trustees need to consider in closing an SMSF

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What do trustees need to consider when winding up an SMSF? Mary is the sole member and one of two individual trustees of her SMSF – the other being her

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Who pays stay-at-home employees if they won’t get JobKeeper?

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If the Federal Government orders people to stay home under Biosecurity Alert, do employers need to pay employees? For those businesses that don’t qualify for JobKeeper payments, this article points

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Super splitting is more than agreement between the parties

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When the Family Court orders are finalised, the parties might think that it’s all over, but when it comes to super-splitting there’s considerably more to do. With one in three

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Overcoming Asian reluctance to estate planning

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Migrants or permanent residents in Australia who have backgrounds from Asia are often very averse to discussing estate planning.  There are a number of time-honoured cultural reasons for that, but

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