RSSCategory: Business & Corporate Services

Jul

19

Transfer of Business

Posted by

Transferring a Business When a business is transferred, the transferee or buyer may be bound by certain awards, agreements or other transferable instruments. It is important that all parties are aware of their binding obligations in relation to employees and their rights and entitlements.   What is a transmission of business? This occurs when employee’s […]

Continue Reading

Jul

17

Fair Work Act – Small Business

Posted by

Fair Work Act 2009 for small business The majority of The Fair Work Act 2009 (“the Act”) came into operation on 1 July 2009. Provisions relating to the new National Employment Standards (“NES”) and Modern Awards commenced on 1 January 2010. This fact finder looks at the Act applies to small businesses.   What is […]

Continue Reading

Jul

17

All Non Public Queensland Employers Now Covered by the Fair Work Act

Posted by

The Fair Work (Commonwealth Powers) and Other Provisions Act 2009 (Qld) (“the Act”) was passed by the Queensland Parliament on 11 November 2009 and the provisions took effect on 1 January 2010. The Act refers the power to make laws in respect of all employers in Queensland from the Queensland Government to the Commonwealth Government, […]

Continue Reading

Jul

17

What is a SMSF

Posted by

What is a self managed superannuation fund? A Self Managed Superannuation Fund (SMSF), as with any other superannuation entities, is a trust fund but with the following characteristics: the fund has four or fewer members; no member of the fund is an employee of another member, unless related; each member is a trustee of the […]

Continue Reading

Jul

17

Setting up a SMSF

Posted by

Setting up a Self-Managed Superannuation Fund (“SMSF”)   The following is a basic step by step procedure of how to set up an SMSF: Firstly, a trust deed must be prepared establishing the fund and outlining its rules and obligations. A Trustee(s) must be appointed to the trust which must either be prospective members of […]

Continue Reading

Jul

17

Borrowing through a SMSF

Posted by

Borrowing through a Self Managed Superannuation Fund Changes to the superannuation laws in late 2007 have empowered Self-Managed Superannuation Funds (SMSFs) with the ability to borrow money for investment purposes. Under the new legislation, SMSF’s can purchase property under an instalment arrangement in which the fund makes a partial payment on the property and borrows […]

Continue Reading

Jun

27

Making a Will

Posted by

What will happen to your assets if you die without a Will?  Don’t leave it to your family to pick up the pieces.   Visit us @ Ferguson Cannon or call us on 1800 640 509 or email b.cannon@fclawyers.com.au   What is a Will? Beneficiaries with disabilities Why do I need a Will? Spendthrift beneficiaries Can I make […]

Continue Reading

Jun

26

The Sustainability Declaration

Posted by

New Sustainable Housing Laws: The Sustainability Declaration On the 12th of November 2009, the Queensland Government introduced new legislation requiring the seller of a residential property to complete a two-page, compulsory checklist known as a Sustainability Declaration. The declaration, which comes into effect on the 1st of January 2010, was introduced to better inform buyers about the […]

Continue Reading

Jun

26

Proposed House & Land Contract to a buyer for signature under the Property Agents & Motor Deals Act

Posted by

Sending a proposed house & land contract to a buyer for signature under the property agents and motor dealers act Recent amendments to the PAMDA have addressed the technological realities of today by providing for the electronic transmission of contracts and associated documents. The amendments came about as a result of a recent Court of […]

Continue Reading

Jun

26

Property Ownership Structures

Posted by

Property can be owned in various structures.  The structure that you choose will depend on your circumstances and the different objectives that you would like to achieve in relation to the ownership of that property such as long term wealth creation; tax effectiveness; stamp duty; asset protection; income distribution, estate planning, etc. The highly skilled […]

Continue Reading