Following the Victorian Government’s announcement on 28 July to re-establish the Commercial Tenancy Relief Scheme, the Bill to give effect to the re-established Scheme was introduced into Parliament today. The legislation will enable the Government to make regulations in relation to eligible leases to give effect to various aspects of the Scheme. We understand the … Read more
Welcome to the latest issue of the KHQ Super Alert. This week the ATO published a ruling in relation to the non-arm’s length income expenditure rules which were amended in 2019. ASIC also released its proposed cost recovery measures for the 2020/21 financial year, and the Government is requesting feedback from the industry on proposed … Read more
When Hannah Clarke and her three children were doused in petrol and set alight on a Brisbane street in February 2020, less than a year after dentist Dr Preethi Reddy had been stabbed to death in a Sydney hotel room in March 2019, the Australian public was horrified. Each crime was a seemingly-out of nowhere … Read more
Welcome to the latest issue of the KHQ Super Alert. It was a week of new consultations announced, with five different consultation projects being commenced by ASIC and Treasury. This included the draft Financial Accountability regime legislation, a position paper on the retirement income covenant and guidance on financial product anti-hawking. ASIC – Draft … Read more
By Carlyna Yap (Trainee Lawyer) and Stefan Pantellis (Senior Associate) When altering property interests after the breakdown of a relationship, two key factors that the Court must consider are: the assets, liabilities and financial resources of the parties; and the parties’ contributions (financial and non-financial). When it comes to identifying the asset pool, it’s easy … Read more
What to look out for when securing or signing up to tenancy pre-commitments for a new development We have seen that despite COVID-19, the demand for manufacturing and warehouse facilities, distribution centres and retail space within homemaker centres continues to be strong. The development of new premises for these uses is increasingly important to meet … Read more
Welcome to the latest issue of the KHQ Super Alert. The ATO has released additional information in relation to the administration of the ‘More Flexible Superannuation’ changes. The Government has also announced that insurance sold within superannuation will be exempt from the deferred sales model for add-on insurance. Parliament – Regulations to exempt insurance in … Read more
Snapshot of the Federal Government’s proposed new laws to address sexual harassment and the AHRC’S governance recommendations for ASX senior leaders & investors On 24 June 2021, the Federal Government released its Sex Discrimination and Fair Work (Respect at Work) Amendment Bill 2021 (Bill) which details proposed changes to the Fair Work Act 2009 (Cth) … Read more
Welcome to the latest issue of the KHQ Super Alert. This week AFCA released a summary of the complaints which it received in the 2020/21 financial year. ASIC has provided a summary of the industry’s response to its consultation on access to financial advice. AFCA – Summary of complaints in FY 2020/21 On 5 July … Read more
