Breach of a Commercial Agreement

Principles by which the Courts interpret a Commercial Contract In business, one of the most common legal deputes is that of breach of a commercial agreement.  Often, opposing parties have a different interpretation of what a party was obligated to do or how they were supposed to do it. When faced with such a dispute,…

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Annulment of Bankruptcy

I recently provided an advice about section 153A of the Bankruptcy Act 1966 (Cth).  For those of you who can’t recall that section off the top of your head (and I don’t blame you), it relates to annulment of bankruptcy on payment of debts. Whilst the section is relatively straight forward, sometimes certain circumstances present…

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A one year bankruptcy or a 5 year debt agreement – Senate recommendations

The reports of the Senate Legal and Constitutional Affairs Committee on the one-year bankruptcy (BAEI Bill) and the debt agreement bill (BADAR Bill)[1] have accepted the reduction in the period of bankruptcy to one year, subject to a curious recommendation based on the views of ASIC. That recommendation is to amend the Corporations Act “to…

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Deductions for site improvements

Are you a developer? If so you may be entitled to deductions for site improvements off your statutory valuation The Valuer-General recently began issuing statutory valuations for all land in Queensland. Deductions for site improvements now apply for all land valued using the Site Value methodology, which is all residential and commercial land that is…

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