What is the First Home Loan Deposit Scheme?
In October 2019, the Federal Government announced that from 01 January 2020, they would be rolling out a new scheme that will help first home buyers purchase their first home with as little as a 5% deposit, without having to pay LMI (Lender Mortgage Insurance), to their lender.
What are my rights in a shareholders dispute?
Left unresolved, a shareholders dispute can significantly impact on a company’s profitability, if not destroy the company and irreparably damage the relationship between the shareholders. As with all disputes prevention is almost inevitably better than the cure, and in the case of a proprietary limited company, prevention means a properly drafted shareholders agreement (or similar document). A shareholders agreement should, at a minimum, contain clear guidelines for dealing with potential and actual shareholder disputes and may enable parties to engage in cost effective and cost-effective alternative dispute resolution strategies to prevent costly litigation.
Mental Health and Capacity
October is Mental Health Month and 10 October 2019 is world Mental Health Day. More than 1 in 5 Australians are affected by mental illness, and there are a range of legal issues that can arise for sufferers and their family and supporters. One of the most critical legal issues when considering mental health is that of ‘capacity’ – the circumstances in which a person can make decisions for themselves, and the circumstances in which they can delegate these decisions.
Who controls a Discretionary Trust?
Discretionary trusts (often referred to as family trusts) are a very common method of holding assets in Australia, and are used to hold property and other financial assets and also as a way to own and operate small businesses.