News & Updates
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Government Targets Foreign Investors with New Tax Legislation
26-09-2016
What do Google, Uber and foreign owners of Australian investment properties have in common? There is a widespread perception that they are failing to pay appropriate levels of tax. Read More
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Dodgy Advisers – Watch Out!
22-08-2016
Australian Securities & Investments Commission (“ASIC”) is once again baring its watchdog teeth by taking steps to advise company directors who have been subjected to a winding up application about the risks of engaging untrustworthy advisers. In doing so, ASIC is writing to directors of companies subject to winding-up applications to advise of the risks of retaining dodgy advisers. Read More
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Steering the Ship onto Rocks: Directors Flouting Obligations
18-05-2016
In a series of recent prosecutions, the Australian Securities & Investments Commission (“ASIC”) has bared its watchdog teeth and brought proceedings against a number of directors who have failed to comply with their statutory obligations. Read More
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From the Mining Boom to the Ideas Boom - What it All Means
01-02-2016
There’s been a lot of talk about innovation in the media since Prime Minister Malcolm Turnbull launched the National Innovation and Science Agenda last December. We know the economy is transitioning away from the mining boom, but what does this new political emphasis on ideas and innovation involve? Read More
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When is a Debt to the ATO Due and Payable
25-09-2015
With the significant increase in debt collection activity by the Australian Taxation Office (ATO) in recent months, it is timely to consider some of the pitfalls negotiating a payment arrangement with the ATO might create. Read More
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ATO and Phoenix Activity
01-07-2015
Readers of this newsletter will be aware that both the Australian Securities & Investments Commission (“ASIC”) and the Australian Taxation Office (“ATO”) regularly investigate “Phoenix Transactions”. Read More
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Unreasonable Director-related Transactions & PPSA Update
27-08-2014
SMITH HANCOCK ANNIVERSARY We are proud to announce the 20th anniversary of Smith Hancock. After commencing practice on 1 July 1994, Mike Smith welcomed Peter Hillig as a Partner on 1 October 1999. Read More
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PPS and ASIC Prosecution
23-05-2014
WELCOME TO 2014 The first half of 2014 has almost drawn to a close – how time flies. The PPSA transitional provisions have finished, and business in NSW continues to be patchy. Read More
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Leases and Insolvency
29-04-2013
In this article we seek to highlight: some of the issues facing landlords as a consequence of insolvency of a corporate tenant (“the tenant”); issues arising from the appointment of an Administrator, Liquidator or Receiver and the implication(s) of the appointment from the perspective of the Corporations Act, 2001 (Cth) (“the Act”); practical steps that can be taken by the landlord to protect their interest. Read More
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PPS Update
01-08-2012
The Personal Properties Securities Act 2009 (PPSA) has now been in effect for 6 months. As the end of the two (2) year transition period approaches, it will be important for Australian businesses to be aware of their rights and obligations when dealing with the enforcement of security interests pursuant to the PPSA. Read More