GST Implication on Court Orders and Out of Court Settlements

In 2001, the Australian Taxation Office came out with a ruling GSTR 2001/4 on the consequences of Goods & Services Tax (GST Ruling) on the court orders and out of court settlements. The GST Ruling has examined the concept of ‘supply’ and the ‘nexus’ that must exist between the payment and supply in order to…

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Land resumption in Qld

Have you received a Notice of Intention to Resume land in Queensland? Getting a notice of intention to resume (“NIR”) your land from a government authority can be a very stressful event for a land owner.  A land owner is entitled to be paid fair compensation for their loss suffered because of the land resumption…

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Solvent or Insolvent? Principles applied by the Courts to determine solvency of a Company

When is an Australian company considered to be insolvent? The answer to that question can have significant ramifications for affected business owners, directors, regulators, employees and creditors, whose interests in the outcome of that determination may directly conflict.  Section 95A of the Corporations Act 2001 (“the Act”) sets out the test of insolvency in this…

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How to Respond to a Statutory Demand

Whether you are looking to recover a debt, or have been served with a creditor

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