How to access the land tax threshold in a trust
If you operate a trust that holds real property, you may not receive the benefit of the land tax threshold. This is due to your trust being classified a ‘special trust’ instead of a ‘fixed trust’. So what is a fixed trust and how can it save you from paying land tax? What is a […]
Employers guide to fairly terminating an employee
A common misconception is that employers can solely rely on the terms of their employment contracts when terminating an employee. While an employment contract may give employers a contractual right to terminate their employees, the Fair Work Act 2009 (Cth) sets out the circumstances in which employees will be entitled to protection from unfair dismissal. […]
What you need to know if you’ve received a bankruptcy notice
If you owe someone money and you have not paid them even after a court has ordered you to pay them, you may receive a bankruptcy notice. So what do you need to know if you’ve received a bankruptcy notice? What is a bankruptcy notice? A bankruptcy notice is a formal demand for payment based […]
What is the best way to hold an investment property?
Whether you hold an investment property in your own name, a company or a trust, your unique circumstances will determine whether you’ve made the right decision or not. You can determine the best way to hold an investment property by having a general understanding of the taxation implications of owning an investment property and applying […]
Intellectual property ownership structures
If you have developed intellectual property, chances are you own the intellectual property in your personal capacity. However, there are number of ways that you can own intellectual property rights (including as a partnership, in a private company or in a trust), each of which provide various advantages and disadvantages when it comes to intellectual […]
Employers guide to redundancy
Employers can make an employee redundant if they no longer need the employee’s job to be done by anyone or the employer’s business becomes insolvent or bankrupt. The need to make an employee redundant may arise because an employer’s business: However, the Fair Work Act 2009 (Cth) sets out specific criteria which must be met […]
