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Winter 2011



Personal liability for directors
Company directors to be personally exposed to more company liabilities

Not for profit changes announced in the 2011/12 federal budget
The 2011/12 federal budget heralded wide-sweeping changes to the not for profit (NFP) sector

It’s a small world...
The increase global executive mobility has been an eve rpresent trend over the past decade

ATO cracks down on rental property investments
The tax office is continuing it’s focus on rental property deductions

Getting it right
Revenue versus capital distinction with property transactions

    A word from our chairman

    Sometimes you look back and notice how the pendulum has swung. In some decades you notice a move towards free enterprise and the removal of regulatory obstacles. Then you notice a time period where the regulatory obligations have increased. In this update we discuss a number of areas of law that suggest we have continued to move to a more onerous regulatory regime. This is perhaps the theme of the last decade (or more).

    Company directors to be personally exposed to more company liabilities

    Company directors beware… measures proposed from 1 July 2011 will focus on countering fraudulent phoenix activity but they may capture other situations.

    It's a small world

    The increase global executive mobility has been an ever present trend over the past decade.

    ATO cracks down on rental property investments

    The tax office is continuing it’s focus on rental property deductions

    Getting it right

    "When considering an appropriate structure to undertake a property development transaction, one needs to consider the objectives of the transaction.”

    Not for profit changes announced in the 2011/12 federal budget

    The 2011/2012 federal budget heralded wide-sweeping changes to the not for profit (NFP) sector. In particular, the tax changes may be the most significant to the NFP sector since the introduction of the GST.


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