In Check Issue 72 | September 2016

28 September, 2016

Clarifying some CGT withholding issues If you missed LPLC’s three recent bulletins about the new CGT withholding regime you can read them here. As our bulletins explain, the new regime applies to acquisitions of various assets. This is a broader concept than just buying land. It can include deemed ownership of land on the death of a […]

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In Check Issue 71 | June 2016

27 June, 2016

Urgent bulletin for conveyancing practitioners: 1 July new CGT withholding payments for real property sale of $2M or more If you missed LPLC’s previous email bulletin about the new CGT withholding requirements for the sale of real property worth $2M or more click here. Key points New requirements apply for contracts of sale of real […]

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In Check Issue 70 | March 2016

31 March, 2016

Cyber-crime – how alert are you? Lawyers and the legal profession are increasingly becoming targets of cyber-crime and while many law firms may not appreciate it, they hold information about clients that may be valuable to cyber-criminals. The cyber-criminals can on-sell client personal or transactional information. They can also lock down a firm’s information and […]

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In Check Issue 69 | December 2015

1 December, 2015

Count your days to the end of the year carefully As the end of the year approaches there are three simple tips to make sure you don’t start the new year with  a messed up time limit claim. Be mindful of the various public holidays that occur at this end of the year when calculating […]

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In Check Issue 68 | September 2015

21 September, 2015

Power of attorney – new Act and forms The changes to powers of attorney in Victoria are now here as the new Powers of Attorney Act 2014 (Vic) (Act) came into effect on 1 September this year. The Act covers four powers: General non-enduring powers of attorney (previously called general powers of attorney) Enduring powers […]

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In Check Issue 67 | June 2015

15 June, 2015

Cyber-crime – client’s email account being hacked A recent New Zealand case has highlighted the insidious nature as well as the prevalence of cyber-crime. The Victorian Legal Services Commissioner has recently received a complaint involving similar circumstances so Victorian lawyers should not be complacent. Practitioners need to implement a risk management strategy to combat these sophisticated crimes. […]

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In Check Issue 66 | March 2015

24 March, 2015

FIRB approval space is changing Practitioners in the property area need to be aware of what is happening in foreign investment regulation in Australia as there has been considerable focus on this area recently. In the past few weeks several high profile articles have been published about the lack of Foreign Investment Review Board (FIRB) […]

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In Check Issue 63 | June 2014

26 June, 2014

Claim hot spot – family finances This policy year we have had a significant number of both Amadio and intra-family transfer claims.  The two areas account for $3million or approximately 10 per cent of claims cost. The Amadio claims involve practitioners advising, in most cases, elderly people who have agreed to give a guarantee or […]

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In Check Issue 62 | March 2014

5 March, 2014

GST-proposed changes for going concern and farm land sales On 14 December 2013 the Federal Government announced it intends to remove the current GST-free treatment for the sale of going concerns and farm land, and provide a reverse charge arrangement. The only time frame given for this change is ‘during 2014’. While no further details […]

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In Check Issue 61 | December 2013

11 December, 2013

PPS Act transition is ending The Personal Property Securities Act 2009 (PPS Act) transition period comes to an end on 31 January 2014. Are you prepared for this date? Transitional security interests Transitional security interests are interests in personal property that existed prior to 30 January 2012, whether or not they were registered on pre-PPS […]

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