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Why AI-Generated Contracts Are Risky for Australian Businesses
Why Australian Businesses Should Avoid AI-Generated Contracts Australian businesses are increasingly turning to artificial intelligence tools like ChatGPT to draft contracts quickly and cost-effectively. While AI can produce a polished agreement in seconds, the convenience comes with significant risks. Legal professionals across Australia warn that these tools often fail to deliver enforceable, compliant, or even...
Does the Executor of an Estate Represent the Beneficiaries of the...
No. The executor represents the estate. What is the difference? The difference is that the estate is a form of trust. A trust has a legal identity in its own right. The executor represents that trust, or legal entity, as a whole. Some estates have only one beneficiary, other estates have more than one beneficiary,...
Introduction to SMSF borrowing funds and loans
Self-Managed Superannuation Funds (SMSFs) are a cornerstone of Australian superannuation, empowering individuals with the autonomy to manage their retirement savings directly. A critical evolution in this domain was the amendment to the Superannuation Industry (Supervision) Act 1993 (SIS Act) in 2007, which facilitated SMSFs to engage in Limited Recourse Borrowing (LRB) arrangements. This innovative financial...
Changes to the Foreign Resident Capital Gains Withholding (FRCGW)...
From 1 January 2025, the Australian Government introduced significant updates to the Foreign Resident Capital Gains Withholding (FRCGW) regime. These changes to FRCGW aim to enhance the Australian Taxation Office’s (ATO) ability to collect Capital Gains Tax (CGT) liabilities from foreign residents selling Australian property. These updates will impact both sellers and buyers, making it...
Preventing Family Provision Claims
A family provision claim is a legal action brought by someone looking for a share of a person’s deceased estate, when they believe they have not been adequately provided for. Can a Will be contested? There is no way to stop someone from contesting a Will or making a family provision claim in Queensland. Anyone...
Buying waterfront property
It’s the dream of many Queenslanders to have a home right on the waterfront, with access to your very own jetty or pontoon. Before diving into purchasing a property with water access, there are a few legal issues to consider. Leasing arrangements for jetties and pontoons Firstly, what are the leasing arrangements for the jetty...
Trust and constitutions – Making a change
When trust deeds or constitutions need changing Sometimes trust deeds or company constitutions need to be changed. To ensure this is done correctly, you will need the help of an experienced lawyer. Changing a trust Changing a trust can be complex, and if it’s not done right, you could end up with tax problems. To...
Navigating Uncharted Territory: Protecting Buyers in Queensland’s...
Article by Peter Lee, Property Law Accredited Specialist Have you been gazumped? I have always loved the word gazumped. It is often used in New South Wales property transactions where the seller unilaterally pulls out of the contract and leaves the buyer high and dry. It is a foreign concept in Queensland because we have...
Foreign Investment Fees Going Up
Investing in the Australian property market from overseas has just become a little more expensive. The Federal Government has doubled foreign investment application fees, which brings a boost to the government’s coffers, but what does it mean for you? Firstly, a foreigner can only buy into the Australian property market if their purchase can strengthen...
Questions You Should Ask Your Brisbane Conveyancing Solicitor
A good conveyancing solicitor will help ensure that you don’t have any regrets about a property transaction, even years later. They will make sure all the paperwork is in order and that your interests are protected. Here are some of the answers to some of the most common questions a conveyancing lawyer gets. We hope...
5 Tips To Properly Incorporate Your Sole Proprietorship
Are you trying to incorporate your sole proprietorship business? Well, it takes time to do so, not to mention quite a challenge if you don’t know what you are doing. Sole proprietorships are quite different from incorporated businesses; the obvious point is that it is a separate legal entity from you, the owner. It also...
Our Guide to Conveyancing When Moving Into a New Home – What to Know
Buying a new house is often an exciting time for first-time home-buyers, though the process can be intimidating as it can look like a minefield of legal knots, paperwork, and expensive out-of-pocket fees along the way. The process between the offer on the house down to when you receive the keys can be tricky as...