One of the most important steps in family law property settlements is identifying the net asset pool available for division between the parties. Generally, the most significant asset available for division between the parties is real property (i.e. the family home and/or investment property).
I cared for and paid expenses towards my spouse’s children during the relationship. Is this taken into account when determining the division of our assets?
In Australia, each parent has parental responsibility for their child until they turn 18 years of age. The Family Law Act 1975 (Cth) defines parental responsibility in relation to a child as “all duties, powers, responsibilities and authority which, by law, parents have in relation to children”. The change in the parents’ relationship, by virtue of separation, does not affect parental responsibility.
Oral contracts exist everywhere. When you order a coffee or lunch, when you borrow your neighbour’s tools or when you agree to pay your friend back for that ticket to the NRL. Oral contracts are great for social settings however they are not suitable for business transactions.
When you are in the business of hiring out goods it is important to know your obligations of registering a lease in accordance with the Personal Properties Securities Act 2009 (Cth) (“PPS Act”).
Mother’s Day is all about celebrating motherhood and mothers in our families. It is about celebrating the woman who raised you and shaped you into the person you are today. It is often the day when children remind their mothers of their love and appreciation for their efforts and shower them with beautiful gifts such as flowers and cards with messages such as “I love you mum” and “you’re the best mum ever!”.
If you are thinking about separating from your spouse, have recently separated or your family law matter is currently progressing through the Court system- there are several key numbers which you need to be aware of. In this article, we outline a number of time-limits prescribed under The Family Law Act 1975 (Cth), which may apply to your situation. Three important time-frames that you need to consider are:
We recently had clients seek advice from us to resolve a situation they found themselves in, where they had been told by a key advisor to “just place the company into liquidation”.
What are the risks involved when buying and selling in the same market?
There are a number of different ways a business or individual may choose to secure their interest in another business. This article explores in more depth a charge registered pursuant to the Personal Property Securities Act 2009 (Cth) (‘PPSA’) on the Personal Property Securities Register (‘PPSR’) or a PPSA security interest. In particular this article will look at priority rules.