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Major BCCM changes and the impacts for developers

  • Posted by Insight by Robert Lalor
  • Published Current as at 10 February 2021
Insights

New body corporate and community management regulations will take effect from 1 March 2021. The new regulations represent the most significant changes for many years in the way body corporates are administered and aim to modernise body corporate procedures, reduce body corporate costs and enhance lot owner protection.

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Digital Legacy – is this the most valuable part of your Estate?

  • Posted by Insight by Emily O’Brien
  • Published Current as at 8 September 2020
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Given the amount of time we spend using these services and that they are a primary source of communication, it is to be expected that we create and store a huge amount of content – articles, photos, music, and more – all of which are our digital assets.  Like all of our assets, we need to plan for what happens to them on our death.

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I have far too much storage space….said no-one ever!

  • Posted by Insight by Ian Tindale
  • Published Current as at 23 June 2020
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If your client uses vacant land as storage for their business and is hoping to rely on the Small Business CGT Concessions on the sale of that land, they may not be able to.

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Important considerations when life planning for your digital assets

  • Posted by Insight by Emily O’Brien
  • Published Current as at 6 April 2020
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When we think about our wealth and our assets, we automatically think of our real estate, bank accounts and even personal items such as clothing and jewellery. What is not front of mind are our digital assets which for some people has an enormous financial value, and for all of us has an enormous sentimental value.

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Enforcing your rights under a residential building contract

  • Posted by Insight by Robert Champney
  • Published Current as at 18 November 2019
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A builder under a residential building contract in Queensland is subject to the express warranties under the residential building contract, as well as warranties implied by the Queensland Building and Construction Commission Act 1991 (Qld) (QBCC Act). One of those implied warranties is that the builder must carry out the contract works with “reasonable diligence”.

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Franchisor penalties to the tune of $2M

  • Posted by Insight by Redchip Lawyers
  • Published Current as at 3 October 2019
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The ACCC has had mixed results in its recent push for more transparency in franchisor use of marketing funds, with penalties against Ultra Tune Australia Pty Ltd (Ultra Tune) reduced by half a million dollars on appeal.

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On your marks: 6 tips when buying a fitness business

  • Posted by Insight by Peter McLaughlin
  • Published Current as at 12 June 2019
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The health and fitness industry is thriving. As consumers become more health-conscious, more businesses are popping up to capitalise on the trend and embrace the health and fitness passions of their owners. We’re seeing this movement come to life within our own four walls, as we’re assisting an increasing number of health businesses including gym owners and operators, Pilates studios and foodie startups.

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Protecting your digital legacy

  • Posted by Insight by Ian Tindale
  • Published Current as at 4 August 2018
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Digital assets comprise a potentially highly valuable portion of our estates, making them integral to the estate planning process – call it digital estate planning, if you like.

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Are you ready to sell your business?

  • Posted by Insight by Peter McLaughlin
  • Published Current as at 27 February 2018
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Selling your business isn't as easy as handing over the keys and stepping away. There are a number of areas you need to consider before selling your business to ensure the best result. Below we look at two of these factors  - leases and employment contracts.

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Due diligence when buying a business

  • Posted by Insight by Peter McLaughlin
  • Published Current as at 24 July 2017
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When buying a business, you should always complete your legal due diligence investigations into the business. This should occur before you sign the contract, otherwise the contract should be made conditional on you being satisfied with your investigations.

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