Miscellaneous
With the festive season done and dusted for another year, you may find yourself motivated about getting your priorities right and looking at new year goals. If you’re working for yourself or simply just like to be organised for the end of financial year ahead, take this opportunity to de-clutter and organise that chaos! Here […]
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A deed of family arrangement can make it possible! There are times when the terms of a deceased’s will are not suitable and the beneficiaries involved seek to have the will varied. There are various situations where this may be the case, such as changing circumstances over a long period of time from when the […]
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Various tax implications can arise with a statute barred debt. So what is statute barring and when can it be a problem? In simple terms, a statute barred debt is when it has reached a statutory limitation period where it can no longer be legally recovered by creditors. Specifically, each state and territory in […]
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What is a Testamentary Trust Testamentary trusts are formed under the auspices of a valid will or testament rather than other trusts which are ordinarily created during life (inter vivos) under the terms of a trust deed. It is a trust structure that is often used to protect family assets by having greater control […]
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Whether or not the trustee of a complying superannuation fund can accept member contributions for those aged between 65 and 75 depends on the member satisfying a “work test”. The work test requires a member to have been gainfully employed for at least 40 hours in a period of not more than 30 consecutive days […]
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Items that you buy over the internet from an overseas source are generally required to abide by the same rules and screening processes that apply to any other “import”. Also the usual duties or taxes should apply. Customs duties are regulated by the Department of Home Affairs (a recently formed body from December 2017, which […]
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