Men’s Shed’s to be deductible gift recipients

Men’s Sheds and Women’s Sheds will be able to seek endorsement as a deductible gift recipient as from 1st July, 2020.   The purpose of Men’s Sheds and Women’s Sheds are to provide men and women with something useful to … Continued

Duty Savings for Farmers

There are exemptions and concessions for the amount of duty payable on the sale or purchase of farm properties in Victoria.  Read on if you have clients who are farmers ….. Family Farm structures   A Family Farm Company or … Continued

Large Proprietary Companies – Redefined

A large proprietary company is under a statutory obligation to lodge its audited accounts with ASIC annually.  As from 1st July, 2019, the thresholds which determine whether a proprietary company is classed as small or large have moved upwards.   … Continued

The Vesting of Trusts

Once upon a time… In medieval England, there was no income tax, no capital gains tax, no complex tax code and regulations, and trusts could continue to operate indefinitely.  However, this enabled wealthy families to hold property in their trusts indefinitely, or … Continued

New fees for the 2016-17 financial year

ASIC and Consumer Affairs Victoria have announced their annual fee adjustments, effective 1 July 2016. The change most likely to affect you is ASIC’s fee for registering a proprietary company, which has increased from $463 to $469. You will be be … Continued