While the legislation tells us what the law is, the ATO’s internal manuals tell their auditors exactly how to enforce it. One of the most revealing documents for tax professionals is Practice Statement Law Administration PS LA 2011/8. It is the ATO’s internal rulebook...
Most Family Trust updates to exclude foreigners do not work or were never needed. From the 4,600 financial planners, lawyers and accountants that build legal documents on our website throughout Australia, we are seeing a noticeable increase in State Revenue Office...
The homemade Will in Re Negrean; Borbil v Borbil Mrs Raveica Negrean loved her son, John. She wanted him to be safe and live in her home when she died. So, the mother wrote in her homemade Will: “[To] my son John Negrean (Ioan Borbil) principal place of...
What was the purpose of Practical Legal Training? Practical Legal Training (PLT) was designed to bridge academic theory and legal practice. At the Institute of Legal Training (IOLT), we believe PLT should be the final, practical step that transforms a law graduate...
In the high-stakes world of corporate finance, we often get lost in the takeover jargon. We talk about “synergies” and “accretive value.” But for the average Australian, what does this actually mean? To start from ground zero: a merger is...
