In the same way that an individual can become bankrupt for failing to pay money when due, a company can be brought to a commercial end by being wound up for failing to pay its debts so it is vitally important if you run a company that you are aware of what a statutory demand...
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A FINANCE APPROVAL LETTER MEANS MY FINANCE IS APPROVED….DOESN’T IT?
If you are considering buying a house or have entered into a contract to buy a house, it is likely that you have included a finance clause to ensure that you can come up with the funds required for the purchase (i.e. getting a finance approval) (if not – please contact one of our property...
WHAT IS SPOUSAL MAINTENANCE?
Where parties separate and one party to the marriage/de facto relationship is unable to adequately support themselves, then the other party may be required to pay spousal maintenance. A person has a responsibility, under the provisions of the Family Law Act to assist their former spouse or partner financially in circumstances where that person’s income...
BFA’s – HOW DO I PROTECT MY ASSETS FROM MY PARTNER? DO I NEED A BINDING FINANCIAL AGREEMENT?
A BFA or Binding Financial Agreements, commonly referred to as “pre-nuptial agreements” or “pre-nups” are becoming increasingly popular globally as couples look to put in place safeguards and individual asset protection strategies to protect their financial position as they enter into a new relationship. BFA’s are no longer reserved solely for celebrities and multi-millionaires looking...
POTENTIAL EMPLOYEE – WHAT CAN EMPLOYERS LEGALLY ASK IN AN INTERVIEW?
This article has been written for employers and small businesses regarding hiring new staff, the legalities and the interview process with the potential employee. Taking on a new team member can be a daunting task for those running their own businesses because it is so important that the candidate hired is the best possible fit...
AGED CARE PART 2 – RETIREMENT VILLAGE, AGED CARE OR NURSING HOME – WHAT HAPPENS WHEN YOUR PARENTS OR LOVED ONES GET OLDER
We hope that you found last month’s article regarding Retirement Villages valuable and informative, (click here to read it if you missed it) and this article will follow on from that article with a focus on aged care facilities / nursing homes to enable our readers to gain a greater understanding of the options available...
Aimee Carter
WHAT IS A RELEASE OF MORTGAGE AND WHY DO I NEED ONE?
If you own real property and borrowed money from a bank or financial institution to use towards the purchase, then it is more than likely that the lender will register a mortgage over the property to protect its interests, and without knowing it, you may need a Release of Mortgage. In simple terms, the registration...
IS IT A LOAN OR A GIFT? PARENTS PROVIDING FUNDS TO CHILDREN
As the cost of living increases and it becomes harder for young people to get a foot into the property market, it is becoming quite common for parents to provide funds to their adult children to either assist them with purchasing property, or for various other expenses ranging from medical expenses, weddings or even holidays....