The benefit principle states that individual lot owners who benefit more from owner’s corporation decisions should pay more. If the benefit principle is not applied, matters can end up in VCAT.
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Have you ever wondered what would happen to your company in the event of your death? Or who would run the company in your place? For sole directors, the answers and solutions are even more important.
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The growing trend of cryptocurrency continues, with more and more people choosing to invest in cryptocurrency. However, what happens to your crypto if you die or lose capacity? Who can it be passed on to and how can they access it?
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The Victorian government has introduced a temporary land transfer duty concession (previously known as stamp duty) or exemption for new residential properties in the City of Melbourne with a dutiable value of up to $1 million.
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New and significant changes to the Environment Protection Act from July 2021, see important obligations for land contamination management and notification.
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We have recently seen an uptick in the incorrect use of Attorney powers in a Financial Enduring Power of Attorney. A common mistake is that the Attorney believes they can use the Financial Attorney powers to make decisions on behalf of the principal, in their role as a director of a company.
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