Building or buying a new home in Canberra? Beware the pitfalls
Expert Advice
Property development in Canberra is booming, with a swag of new land releases open to the public over the past few years, and new developments popping up right across the territory – from Tuggeranong to Kingston, Braddon, Belconnen and Gungahlin. It’s exciting times for many Canberrans, who have had the opportunity to secure never-before-lived on land, or snap up brand...
Tax time: If you’re a public servant or small business, make sure you’re claiming these deductions
Accounting
We’re fast approaching the busiest time of the year for accounting firms—tax time! Whether you view the end of the financial year as an opportunity to reconcile, review and reflect on the year that’s been, or you simply view it as a pain in the backside, most of us are focused on one thing—to avoid paying any more tax than...
6 Quick Security Tips: What steps can you take to protect your business’ data?
Business Law
As threats to business’ security and data grow ever more complex and diverse, businesses must be on constant guard against the next danger, especially where they must notify individuals in the event of a data breach. The new mandatory data breach notification regime has now come into operation. Having only begun on 22 February (Meyer Vandenberg has previously written on the topic...
Navigating loans secured over personal property: avoid getting caught out by the PPSA
Business Law
For some businesses, this headline should be met with the reaction, “Really? Again?”. However, many businesses do not yet realise that the security regime established under the Personal Properties Security Act 2009 (Cth) (PPSA) is a fundamental part of doing business in Australia. It is apparent to us that many Canberra businesses remain unaware of the system. Unfortunately, we keep...
Property Conveyancing: What, Why, How?
Property
Buying a home can be so much fun – from checking the listings and visiting properties to imagining your future life and signing the purchase papers – your dreams are coming true and you have good cause to be excited. There are a few necessary steps after house hunting that may not seem as exciting though, and conveyancing is one...
Good Wills Hunting: Risks of using DIY Will-Kits
Family Law
Think you’re sorted if you prepared your own Will using a Will-kit from the newsagency, or one you downloaded from the internet, or one you’ve freestyled and typed up yourself? Think again! If you don’t complete a Will correctly, you may cause more of a burden for your family than if you’d passed away without a Will. Yes, you might...
Are you a first homebuyer that wants to know more about the process?
Property
When taking the first steps into the property market, most people are confronted with a lot of legal jargon and might not even know if they are deemed eligible by lenders to borrow money to purchase a property. This is why local law firm Meyer Vandenberg Lawyers and Goodwin Blain Financial are running a series of First Home Buyer Seminars...
Bankruptcy in Canberra: How to avoid it
Accounting
Having to declare bankruptcy is a scary proposition for many. And while no one ever wants to find themselves in a situation where there’s no other alternative, sometimes life’s events simply make it inescapable. Unfortunately, small business owners make up a high percentage of those who end up filing for bankruptcy or personal insolvency in Canberra. Poor cash flow, bad...
Defined benefit plan: what does retirement look like for you?
Accounting
Most people adopt a ‘set and forget’ approach to managing their super, but if you’re a Public Sector Superannuation Scheme (PSS) or Commonwealth Superannuation Scheme (CSS) super fund holder, there are a few changes you need to be aware of. On 1 July 2017, a reduction in contribution limits came into effect along with the introduction of the Total Superannuation...
Landlord insolvency tips: What you should do when a corporate tenant enters insolvency
Property
No landlord wants to find themselves in a position where a tenant who has recently entered into a ten-year lease with an option to renew for five years, becomes insolvent. However, there is always a risk a tenant will become insolvent during the term of a lease. As a landlord, you need to be aware of your rights if this...
Employment law: New year, new start – navigating employment contracts
Business Law
If you have just managed to score that coveted dream job, the last thing you're probably thinking about is the technical ins-and-outs of your employment contract. If you can bring yourself down from that elated high for just a minute though, it might be worth scrutinising your 'employee welcome pack' and ensuring everything is above board. If you have some...
Does getting married revoke your Will?
Family Law
Although many of us suffer from the illusion that life goes on forever, most of us are also smart enough to understand the importance of having a Will. It’s that little piece of paper that assures you, and your loved ones, that they will be cared for if/when something were to happen to you. But, many of us also struggle...
Same Sex Marriage Reforms and your Will
Family Law
The recent amendments to the Marriage Act, that came into effect as of 9 December 2017, may have inadvertently revoked your Will. For couples in the ACT, getting married automatically revokes any Will you have in place before marriage – unless your Will specifically states that it was made in contemplation of marriage. There are similar laws in other states...
Christmas is a good time to discuss who will take care of your pet if you pass away…
Family Law
Christmas is a time for family, right? Well, it is for most of us. It’s a time to get together over a meal, and a few drinks, and talk about how little Joey and Suzie have grown. According to Michelle Gold, Wills and Estates specialist at Meyer Vandenberg Lawyers, it is also a time to consider some of the more...
Tackling trusts
Expert Advice
Speak with any well-informed insolvency practitioner and, aside from the sweeping law reform being foisted upon the industry, a major issue occupying the minds of many is the tricky task of winding up trust-related enterprises. Why tricky? It all came about as a result of some recent case law that has effectively inverted the commonly-understood regime of dealing with the...
Cyber Security implications of IoT devices
Cyber Security
The Internet of Things (IoT) refers to the growing network of devices that are embedded with network connectivity, allowing them to collect and exchange data, and be accessed through the internet. Some examples include vehicles, home automation devices, appliances, and building management systems. IoT is driving automation, however the proliferation of IoT devices also increases the attack surface and risks...
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