Disclaimer: This publication contains comments of a general nature only, and is provided as an information service. […]
Any business which faces the risk of being unable to pay its deferred debts to creditors should strongly consider strategies that will help them to survive in the long term. One such strategy that may be available is the Deed of Company Arrangement (DOCA).
EXTENSION AND CHANGES TO THE VICTORIAN COMMERCIAL TENANCY RELIEF SCHEME
As you may be aware, the Victorian Government announced an extension of the Commercial Tenancy Relief Scheme. On 29 September 2020, the extension and changes to the Scheme were implemented by the introduction of COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Miscellaneous Amendments Regulations 2020. The amendments take effect from 29 September 2020, which is the day the previous Regulations were to expire. Here is a brief summary of some key changes.
Following recent articles posted, and which you can read here, we continue to list some other major areas that a legal health check will cover. Family and Estate Planning and Employees.
It is more important than ever for people and businesses to be aware of their legal and financial risks. A legal health check is one of the best ways to identify such risks and devise strategies to protect against them.
by Michael Xu An owners’ corporation (previously called a body corporate) is a legal entity that manages the common property of a residential, commercial, retail, industrial or mixed-use property development. It is automatically created when a plan of subdivision containing common property is registered with Land Use Victoria. General terms and principles Plan of subdivision […]
Section 52 is a disclosure statement that the owner of a small business must provide to a prospective purchaser.
Adverse possession is a legal principle that enables a person who is not the legal owner of a piece of land to obtain ownership over it, if they can prove that there has been an uninterrupted and exclusive possession of that land for at least 15 years. A person who succeeds in an adverse possession […]
In this informative article, we look at Land Tax in Victoria. When is land tax payable? Land tax is payable in certain circumstances and is payable in addition to other taxes such as the Victorian vacant residential land tax, the absentee owner surcharge and the federal annual vacancy fee. Land tax is payable when […]
In this informative article, we look at Vacant Residential Land Tax in Victoria. Vacant Residential Land Tax The first tax to be aware of is the ‘Vacant Residential Land Tax’. This tax was introduced earlier this year, on 1 January 2018. The tax applies to purchases made after 1 January 2018. Why is […]