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Litigation funding schemes will be excluded from the definition of managed investment schemes in the Corporations Act.

In a decision of the NSW Supreme Court given on 26 November 2020, the Court has found that the Australian Financial Complaints Authority (AFCA) has no jurisdiction to determine a dispute against an AFSL holder.

To consider how the Queensland government will address the Code, we can consider what NSW has already implemented.

The final part of a series about developer run projects and development management agreements.

On 3 December 2008, the Queensland Parliament urgently passed the Property Law (Mortgagor Protection) Amendment Bill 2008 (Qld) which amends the Queensland Property Law Act 1974.

Landlords should be mindful of these eight key considerations when dealing with the voluntary administration process.

Many of you would have read our previous Alerts regarding the proposed adoption in Australia of wide ranging personal property securities reforms. As a culmination of the public consultation process that has already been implemented by the Attorney-General's Department in relation to the new regime, the exposure draft of the Personal Property Securities Bill 2008 (PPS Bill) was referred to the Senate Standing Committee on Legal and Constitutional Affairs on 13 November 2008.

Landlords must have given an estimate of operating expenses in the year in which those expenses were invoiced and paid.

The proposed changes will see the replacement of PAMDA with four new pieces of legislation that are industry specific.

The validity of an unconditional bank guarantee was upheld, with the head contractor's right to call on that guarantee.

Lenders frequently file caveats to protect their interest in the property until settlement is finalized.

The government recently announced a JobMaker plan to assist the Australian arts industry survive the impact of COVID-19.

The recent collapse of Lehman Brothers and the subsequent financial crisis has had far reaching consequences for many organisations and government bodies worldwide.

The Government introduced legislation into Parliament earlier this week for the new Managed Investment Trust (MIT) definition that will apply to both the capital account election reforms and the withholding tax regime. The intention of the new definition is to expand the application of the MIT regime to a wider range of managed funds. Unfortunately, it has not fully achieved this objective.

Shorten MP jas announced that the FAF rules will not apply for the 2010-11 income year.

In 2001 the ATO issued a Statement of Principles in relation to trust resettlements but have steadfastly refused to formalise this into a public ruling.

We consider potential GST consequences following rent renegotiations under the new Commercial Leasing Code of Conduct.