High Court provides clarity for Self-Managed Super Fund members on binding death benefit nominations

The recent High Court decision of Hill v Zuda Pty Ltd has provided clarity on whether self-managed super fund (SMSFs) can make binding death benefit nominations (BDBNs) last longer than 3 years. The High Court considered whethe...

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Deadline to apply for Director ID is fast approaching

Company directors, new and existing, must apply now for a director identification number, or Director ID. The requirement was established to deter illegal phoenixing, fraud and corporate misconduct, as well as to simplify the t...

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Encouraging a Circular Economy in NSW: the New Plastic Reduction and Circular Economy Act 2021

Production stewardship Scheme The circular economy aims to reduce the use of virgin materials by encouraging the use of recycled and repurposed materials that can continue to circulate in the economy. The circular economy maxi...

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Rising tide of financial distress

There is a rising tide of concern that we will soon see significant financial distress in the private sector.  Sobering headlines such as 'Building industry facing slump' (The Age, 20 May 2022) remind us that the worst of the pos...

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When are “reasonable additional hours” unreasonable? – Federal Court to penalise meat industry employer

In a recent decision on 6 May 2022, the Federal Court has held that an employer contravened the Fair Work Act 2009 (Cth) ("the Act") after requiring its employee to work unreasonable hours in excess of 38 hours per week in contrav...

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Liquidators’ Equitable Lien “hammered”

In Volkswagen Financial Services Australia Pty Ltd v Atlas CTL Pty Ltd (Receivers and Managers Appointed)(In liquidation) [2022] NSWSC 573, Justice Hammerschlag of the Supreme Court of New South Wales dismissed a claim by administ...

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