Did you know that when buying or selling property in NSW the parties to a contract may mutually agree upon terms for early possession of a property before completion takes place. Continue Reading..
Many business owners think that registering a business or company name gives them exclusive rights to use that name. You may be surprised to learn that merely registering a business name or company name only identifies the name under which your business trades. It doesn’t give you ownership of (or proprietary rights to use) that name. Continue Reading..
Put simply, an option to renew in a lease is exactly that - an option for you as the Tenant, to renew the lease for another term when your existing lease expires. An option is very important for business continuity, just think what would happen if you suddenly found out that you had to find new business premises at the end of the month! But to exercise your option correctly requires careful consideration of the terms of the lease. Continue Reading..
It’s the perfect week to bring an end to harvest and beat your neighbour to the pub. The day seems warm but you check the wind, temperature and humidity against the new Rural Fire Services (RFS) sticker and decide to take on the last block. It’s risky but the discretion is now in your hands thanks to the NSW RFS bringing an end to the cease harvest direction, so you decide to get the job done.It’s almost lunch; you pull out your sandwich and suddenly smell smoke. Your hunger immediately vanishes as your stomach drops. You turn around to see your new header up in flames and become more alarmed to realise that you are a paddock away from your neighbour’s best yielding crop… Continue Reading..
Did you know that anyone who keeps horses in NSW is required to obtain a Property Identification Code (“PIC”) for the land on which the horses are kept? The requirement to have a PIC has been around for some time for livestock owners, whether the livestock is moved or not, but what a lot of people don’t seem to know is that even if you own just one horse you must have a PIC. The need for a register of the location of all horses (and other livestock) was recognised during the equine influenza outbreak in 2007. At its peak, approximately 47,000 horses in NSW were infected. Horse owners and industry workers faced dark times with major impacts on their livelihood and lifestyle. Continue Reading..
The recent World Elder Abuse Awareness Day gave the NSW Law Society the opportunity to put elder abuse at the top of the agenda. In the context of an aging Australian population and the World Health Organisation reporting that elder abuse is on the rise – a report by the Law Reform Commission has found that emotional and financial abuse are two of the most common forms of abuse. Financial abuse can include stealing money from the elderly, incurring bills for which an older person is responsible, abusing power of attorney arrangements or forcing someone to sign a will or contract. Continue Reading..
Following on from our article last month about stamp duty being abolished on homes for first home owners up to a certain limit, the Federal Government in its recent Budget also established a scheme to help people save for their first home by using their superannuation fund to build savings for a deposit in a tax advantageous environment. Continue Reading..
From 1 July 2017 the NSW Government will introduce a long awaited range of new measures to assist first home buyers and housing affordability generally throughout NSW. Under current laws in NSW, first home buyers are only eligible for a stamp duty exemption on a purchase of a new home up to the value of $550,000 (and in the case of vacant land, a purchase up to the value of $350,000). Continue Reading..
Legal housekeeping is essential to a stress-free future. In the event of death, injury or illness, there are simple legal documents that can give you and your family instant financial and emotional relief.Power of Attorney (“POA”)A POA document allows you to appoint an attorney to act on your behalf in relation to your financial and/or legal affairs. If you have an enduring POA, the document continues to be effective once you have lost capacity, which is where it’s true value lies. Continue Reading..
Your husband Robert suffered a stroke three weeks ago and is in hospital. The doctors tell you that Robert is suffering from memory loss. His prognosis is not good and several weeks later Robert becomes extremely ill. The doctors tell you Robert has lost mental capacity and transfer him into high care. Continue Reading..