Congratulations on achieving charity status for your organisation! It’s a significant accomplishment that opens doors to impactful opportunities. In this post, we’ll explore the next steps you should take without diving into the specific legal sections. Navigating the Legal Landscape: Your newly acquired charity status falls under the purview of the Australian Charities and […]
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Considering an exit from a business partnership? Discover the steps and considerations below on navigating this pivotal decision. 1 – Assessing the Grounds for Termination: Before initiating the process, it’s crucial to identify the reasons for terminating the partnership. Whether it’s the expiration of the partnership term, a partner’s written notice, legal restrictions on
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What is a Unit Trust? In Australia, a Unit Trust is a distinctive business structure where trust assets are divided into units, owned by unit holders. The governing document, the unit trust deed, outlines rules and rights associated with trust assets. Unlike a discretionary trust, a unit trust offers fixed interests to unit
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Understanding the Basics: Roles, Responsibilities, and Terminology In Australia, there are a number of parties associated with a discretionary trust. This initiated by a Settlor who provides the settled sum and executes the Trust Deed. The Trustee, whether an individual or a company, is the legal owner of trust assets, and must act in
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What is a Shareholder Agreement? A shareholders agreement is a formal document outlining the regulations and procedures that govern the interactions between shareholders. This agreement establishes their rights and responsibilities, while also delineating the dynamics between company directors and shareholders. The primary objective of a shareholders agreement is to preemptively address potential disputes, as
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10 Tips for Crafting a Comprehensive Will in Australia Legal Guidance is Key: Consult with a qualified Australian solicitor to navigate the legal intricacies of will preparation. Professional advice ensures compliance with local laws, minimising the risk of disputes. Inventory Your Assets: Compile a detailed list of assets, including properties, investments, and bank accounts.
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Embarking on the journey of establishing a charity in Australia is not only a noble pursuit, but also a venture that demands careful consideration of the legal intricacies involved. To ensure your charitable efforts are not hampered by legal hurdles, here are ten tips to guide you through the process. 1. Understand the Legal
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In the era of digital advancements and electronic signatures, the question arises: What documents still require a “wet” signature in Australia? Understanding the legal landscape governing signatures is crucial for individuals and businesses navigating the balance between technological convenience and legal validity. The Legal Foundation: Electronic Transactions Act 1999 The cornerstone of
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Embarking on your dream home journey? Unlock success with these ten professional tips for navigating home building contract negotiations. 1. Builder Due Diligence – Thoroughly vet your builder’s credentials, past projects, and client testimonials. A reliable builder lays the foundation for a seamless home-building experience. 2. Precision in Vision – Clearly communicate your vision, detailing
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Testamentary Trusts: A Closer Look In the complex landscape of estate planning, individuals are faced with a critical decision: testamentary trusts or simple wills? Testamentary trusts, embedded within a will, activate only upon the testator’s passing. These trusts can be powerful tools for asset management and distribution. One standout feature of testamentary trusts is
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