Buying a property is always exciting but equally challenging and tricky. One should not get carried away with a perfectly landscaped garden or the prime location of the property. A recent Federal Court decision drew light to the relevance of GST liabilities associated with properties. Quick Facts In Sunchen Pty Ltd v Commissioner of Taxation [...]
In an ideal world and a new decade, everyone would win the lottery and in this financial slowdown, all your money problems would disappear. While there isn’t much Sajen Legal can do about the first one, we can certainly offer you advice to help you protect your personal and professional financial portfolio, banishing those economic [...]
The regular tribulations of the Global Financial Crisis in the guise of unemployment and financial struggles have been dwarfed by a more sophisticated evil. Fraudulent activities and organized misbehavior disguised under a trend, known as ‘Phoenix activity’, although not a new trend, is gaining momentum in Australia in recent times. What is Phoenix activity? Phoenix, [...]
You will no doubt have at least a passing familiarity with the broader effects of the Bankruptcy Act 1966 and the insolvency provisions of the Corporations Act 2001. You may also be familiar with the effect of bankruptcy or liquidation upon an individual’s right to hold a builders licence under the Queensland Building Services Authority [...]
Making a Strategic Entry into Small Business August, 2009 In these difficult economic times, potential small business owners can face greater problems and barriers to starting their dream. From raising capital to securing customers, 2009 has been a challenging year. In this context it is important to make the most strategic and practical entry into [...]
What type of business structure will suit my new business? Many new business owners are unaware that the type of business structure they use to purchase their new business will determine their risk for personal bankruptcy, litigation and their level of asset protection. When making such an important decision, it is recommended that you obtain [...]
The ACCC is urging businesses to make customers aware of the total cost of goods and services, following amendments to section 53C of the Trade Practices Act 1974. Clarity in pricing helps consumers and businesses Until now, businesses could advertise a component of the total price for goods or services, subject to hidden fees and [...]
Compete for your small business rights June, 2009 “Competition brings out the best in products and the worst in people.” – David Sarnoff Competition is seen as a necessity in business – almost a necessary evil – but what happens when the “necessary” becomes obsolete? There is a fine balance between competition and unfair business [...]