BLB News

A CHILD'S VIEW

29/04/2010

Joke of the month.

FIRST HOME OWNER GRANT – PROSECUTIONS FOR FALSE CLAIMS

29/04/2010

As part of its compliance program, the NSW Office of State Revenue has recently coordinated the successful prosecution of several individuals who had provided false and misleading information to receive the First Home Owner Grant and stamp duty concessions on a property purchase.

ENFORCEMENT OF RESTRAINTS OF TRADE AND POST-EMPLOYMENT

30/03/2010

Embedded in many employment agreements and sale of business agreements is a restraint on the employee or vendor of the business. The Supreme Court has recently considered the enforceability of a post-termination restraint in regard to a solicitor leaving a country law firm. In this case the court upheld the validity of the restraint.

DO GRANDPARENTS NEED TO PROTECT THEIR GRANDKIDS’ INHERITANCE?

30/03/2010

Being an estate planning lawyer means very often having to ask the hard questions – questions about their family that can make people a little uncomfortable. I had to ask one of those the other day.

DOES THE BERRY CASE TOLL THE DEATH OF COMMISSIONS?

30/03/2010

The recent decision by the NSW Supreme Court in the Berry Case, that the licensee controls the payment of trail commissions, may have the effect of adding yet another nail in the coffin of commissions as an appropriate payment model for financial planners, particularly if the law is changed to codify the fiduciary duty that ASIC recommended to the Ripoll Inquiry.