Do you ask your borrower client why they are borrowing the money when they come to you with loan documents? We know some practitioners don’t.
It seems they think it’s not part of their retainer to understand why the client is borrowing the money or they think it might be drifting into the realm of financial advice if they do ask, or both. And both reasons are wrong!
LPLC has created this Key Risk Checklist for practitioners dealing with Personal Property Securities matters. It covers practice management basics that will help you develop your approach.
Time limits most commonly missed in relation to tax.
Time limits most commonly missed in relation to bankruptcy.
The Victorian Government has introduced the State Tax Amendment Bill 2024 which, amongst other taxation changes, will (if passed) broaden the holiday home exemption to allow shareholders of companies, as well as certain beneficiaries of trusts and relatives of those shareholders and beneficiaries, to satisfy the exemption for a property owned by a company or trust.
The LPLC Professional Indemnity (PI) Insurance portal is open for processing renewals for the 2024–25 year for private law practices.
Our office will be closed from 5pm on Thursday 21 December 2023 and will re-open at 9am on Monday 8 January 2024.
LPLC’s office will relocate to new premises at Level 19, 140 William Street, Melbourne, VIC 3000 from Monday 15 January 2024. Phone and email contact details remain unchanged.
