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TLFC – Finalist for Law Firm of the Year Award (Medium Category)

The Victorian Legal Awards is the most prestigious legal awards program in Victoria dedicated to acknowledging the outstanding achievements of Victorian legal professionals The awards program plays an integral role in recognising law firms and individuals who advance the legal profession, contribute to the community, and demonstrate excellence in legal practice in Victoria This nomination recognises our firm’s commitment to applying innovative initiatives in directing the strategic vision and...
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Owners Corporation

AGM or Wine?

You become attuned to meeting your strata neighbours, strangers who live in close proximity to you – some of whom greet you, others who don’t. You receive your first strata levies account, pay it (of course), and then receive an invitation to attend the upcoming Annual General Meeting (AGM) for your building’s Owners Corporation in the coming month. Life is busy. Outside of work, you have family and friends and time is precious. So when...
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Insolvent Parties – Be Careful of Terminating Contracts

From 1 July 2018 (or earlier if the date is moved forward), the Treasury Laws Amendment (2017 Enterprise Incentives No. 2) Act 2017 (Cth) which amends the Corporations Act provides a restriction on parties terminating contracts due to insolvency events. Contracts that give a party the right to terminate if the other party is insolvent may become unenforceable during the period of the stay allowed under the Act. The legislation has been brought in to...
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Charities & Not-for-Profit

Tax Effective Giving – Charitable Distributions Through Discretionary and Charitable Trusts

With a discretionary trust, the trustee determines which of the beneficiaries will receive trust income and the timing and nature of distributions from the trust. A charitable trust is a trust that operates for charitable purposes. In some instances, (depending on the terms of the trust) the trustee of a charitable trust can determine who should receive trust income, in line with the charitable purposes of the trust. This article looks at using discretionary and...
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