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BLB NEWSLETTERS | BUSINESS LAW BRIEF
LATEST ISSUE - BLB NEWSLETTER - MAY 2010
BUSINESS LAW
BAMFORD’S CASE
If you have a family trust or discretionary trust you may need to consider the implications of the recent High Court case of Bamford v Federal Commissioner of Taxation (Bamford’s Case).
FRANCHISOR MAKES THE WRONG CALL RE ACCC
In late April, the ACCC obtained orders from the Federal Court against Allphones for conduct by the franchisor that was in contravention of the Trade Practices Act.
FINANCIAL SERVICES
VESTED INTERESTS KILLING OFF FINANCIAL PLANNING
Don’t you find it paradoxical that at the very time the Federal Government is implementing the recommendations of the Ripoll Inquiry, allegedly to better protect consumers from the disasters of poor financial advice, they are broadening the scope for so-called ‘single-issue advice’?
ESTATE PLANNING
DIVISION 7A AND SMSF GEARING
It is important for trustees of Self Managed Superannuation Funds who are borrowing from a related party to give consideration to the provisions of Division 7A of Income Tax Assessment Act 1936 (Cth) (ITAA36) if the related party lender is a private company or a discretionary trust with a corporate beneficiary.
DISPUTE MANAGEMENT
THE AAT CAN BE VERY APPEALING
Recently, we acted for several clients who had commenced a claim in the AAT seeking a review of a decision by the ATO on compliance of an SMSF and subsequent taxes imposed.
LIFE’S TOO SERIOUS
TRANS TASMAN RIVALRY
On a tour of New Zealand, the Pope took a couple of days off his itinerary to visit the wild east coast near Gisborne on an impromptu sightseeing trip...
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