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BLB NEWSLETTERS | BUSINESS LAW BRIEF
LATEST ISSUE - BLB Newsletter - May 2009
BUSINESS LAW
GOOD NEWS STORIES - MAY 2009
We have seen plenty of good news stories this month......
CAN YOU REPAY THE LOAN? NEW NATIONAL CONSUMER CREDIT PROTECTION REFORM
Amidst the fallout from the non-prime lending catastrophe in the US has come the concern that in Australia it’s been too easy to get a loan. Flushed with funds during the longest bull run in history and fuelled by high commission rates for mortgage brokers who introduced potential borrowers, both the bank and non-bank sectors were only too ready to lend money whether for housing or credit cards. The only qualification seemed to be the need for a pulse!
FINANCIAL SERVICES
LION, MOUSE OR DONKEY?
According to the chair of the Parliamentary Joint Committee on Corporations and Financial Services, Bernie Ripoll, ASIC is not responsible for preventing the collapse of financial services organisations such as Storm Financial and is not even capable of doing so.
SUPERANNUATION
SMSF GEARING - WHEN SHOULD YOU CONSIDER BORROWING THROUGH A SMSF?
Since September 2007, there has been a lot of excitement about super funds being able to borrow through s67(4A) of the SIS Act to invest in broad range of investments inside a SMSF. For many SMSF owners this opened up a whole new way to invest in real property, shares and managed funds. We are often asked by our clients to explain how it works.
ESTATE PLANNING
WOUNDED DISCRETIONARY TRUSTS
Recent cases have wounded discretionary trusts - but are the wounds fatal?
DISPUTE MANAGEMENT
DRAFT BILL FOR IMPROVING ACCOUNTABILITY ON “GOLDEN HANDSHAKE” TERMINATION PAYMENTS
Are company executives paid too much? Hot on the heels of public outrage at termination payments being paid to executives at a time when their companies were performing so badly, the Minister for Superannuation and Corporate Law has released an Exposure Draft Bill.
FRANCHISING
TERMINATING YOUR FRANCHISE WITHOUT GOOD CAUSE
What options are available to a franchisee who wants to get out of their franchise agreement?
LIFE’S TOO SERIOUS
JOKES - ACCOUNTANTS
We’ve all heard the thousands of lawyer jokes, but did you know there’s a healthy market in accountants jokes as well. Here’s a few to get you going:
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