by Riordan & Riordan | Oct 24, 2018 | Commercial
Insolvent trading A director has a duty to prevent a company from trading while insolvent. A director will fail in this duty where they are aware, or a reasonable person in a similar position would be aware, that the company is insolvent and incurs a debt at that...Read More
by Riordan & Riordan | Mar 19, 2018 | Estate Planning
New law allows you to ensure that your wishes for future medical treatment must be followed when you can no longer decide for yourself The Medical Treatment Planning and Decisions Act 2016 (the Act) came into force on 12 March 2018. The Act provides for the following...Read More
by Riordan & Riordan | Nov 27, 2017 | Property
What is this new Vacancy Tax? – it is a tax on residential properties in the inner and middle suburbs of Melbourne* (Specified Geographic Areas) which are deemed to be vacant. This tax will be in addition to existing Land Tax. What is meant by “Vacant”? – a property...Read More
by Riordan & Riordan | Nov 26, 2017 | Property
If you purchase residential land in Victoria via your discretionary trust, you may be hit with additional stamp duty of 7% of the purchase price by reason of y our trust being regarded as a “ foreign trust ” – most discretionary trust deeds allow the trustee to...Read More
by Riordan & Riordan | Nov 25, 2017 | Property
The Victorian Government recently announced in the 2017/2018 Victorian Budget that it will remove the exemption from stamp duty for the transfer of non – principal place of residence properties between spouses or domestic partners from 1 July 2017. This means...Read More
