Standards Australia to Modernise the Standard Form Construction Contract
Background Standards Australia is in the process of updating and modernizing the AS 4000—1997 General Conditions of Contract standard to reflect legislative changes over the past 25 years. This revision aims to ensure the standard remains relevant and effective in today’s construction industry landscape. Why is This Being Done? AS 4000 is a widely used […]
Can Charities Engage in Political Advocacy?
The Australian Charities and Not-for-profits Commission (ACNC) provides guidance for charities engaging in campaigning and advocacy activities. These activities are crucial for charities to fulfill their missions, raise awareness, and advocate for social change. The ACNC emphasizes several key principles to ensure that charities engage in these activities effectively and responsibly. When it comes to […]
Understanding DGR Charities and Their Legal Landscape
In the complex world of Australian philanthropy, grasping the essence of Deductible Gift Recipient (DGR) charities involves unraveling a intricate web of legalities. Delving into the legal intricacies that govern these entities requires a deep exploration of relevant acts and sections. Let’s embark on a journey to demystify the charitable maze and shed light on […]
I Want to Give to a Charity: How Do I Know Where the Money is Going?
In a world full of worthy causes and charitable organisations, the desire to make a positive impact is commendable. However, it is important of ensure your hard-earned money goes to the right place. Let’s unravel the legal aspects and practical considerations that can guide your philanthropic journey. Navigating the Charity Landscape When it comes to […]
Understanding the Difference: Private Ancillary Funds vs. Public Ancillary Funds in Australia
In the landscape of philanthropy within Australia, Ancillary Funds have become a cornerstone for structured giving, providing a conduit through which individuals, families, and corporations can contribute to the nonprofit sector in a meaningful and tax-effective way. Predominantly, there are two types of Ancillary Funds recognized under Australian law: Private Ancillary Funds (PAFs) and Public […]
New Commercial Court of the Supreme Court Practice Note
Commercial Court of the Supreme Court of Victoria Practice Note (Second Revision) The Commercial Court of the Supreme Court of Victoria has released a new practice note, known as the Commercial Court Practice Note (Second Revision), more brief and concise than its predecessor. Effective as of February 26, 2024, this practice note replaces the Note, […]
Thurin v Krongold 2024 Has Extended Limitation Periods
Thurin v Krongold Constructions (Aust) Pty Ltd [2024] VSC 42 Background In the recent case of Thurin v Krongold Constructions (Aust) Pty Ltd [2024] VSC 42 (Thurin v Krongold), the Victorian Supreme Court has clarified the court’s authority to extend a limitation period in a VCAT proceeding that has been referred. In this turbulent journey […]
Plunkett v Portier Pacific: Advancing the Justice System
Plunkett v Portier Pacific Pty Ltd (Civil Claims) [2024] VCAT 205 (5 March 2024) VCAT has seen big developments recently, with significant cases affecting its jurisdiction and capacity to determine disputes. In the last month, the decision of Plunkett v Portier Pacific [2024] VCAT 205 (“Plunkett”) was made, having major impacts on s77 of the […]
The Overhaul of the Sophisticated Investor Scheme
What Does It Mean To Be a Sophisticated Investor? A Sophisticated Investor is a high-net-worth individual who is legally eligible for advanced investment opportunities and benefits such as venture capital, hedge funds, private equity and investing in startups. Currently, to qualify as a sophisticated investor in Australia, one must either have 2.5 million dollars in […]
Unveiling the Annual Information Statement
Every year, charities across Australia find themselves at the crossroads of transparency and accountability, navigating the Annual Information Statement (AIS). While it may seem like bureaucratic paperwork, this document holds the key to a robust and thriving charity sector. Let’s unravel the importance of the AIS, exploring why its submission is more than just a […]