News Centre
February 23, 2022 · Mingqiang
From a Celebrity Divorce Essay: How Useful Australian Court Injunctions Really Are
Recently, a certain male celebrity W, embroiled in a divorce dispute with Ms L, dominated the daily trending news lists. Ms L also quickly seized the moral high ground in public opinion with a series of “mini essays”, earning herself the nickname “Hammer Goddess” for a time.
February 17, 2022 · Mingqiang
Sudden Financial Hardship and Can’t Repay Your Loan — What Can You Do? Don’t Panic, Many Things Can Be “Negotiated”!
Many people take out loans for all sorts of reasons, with loan terms ranging from short to long. Over the course of a long-term loan, a borrower’s ability to repay can be affected by a wide range of circumstances, which may leave them unable to continue making loan repayments and can seriously damage their personal credit.
February 16, 2022 · Mingqiang
Hidden Pitfalls in Buying and Selling a Business — Make These Mistakes and You Could Lose Everything!
Selling a business is more complex than most sellers and buyers imagine. As a seller, you may have set up systems and processes to make the business easier to run — such as automated payment systems, customer management software, and other software used in day-to-day operations. When selling the business, these systems need to be transferred to the buyer, which makes the whole sale process take far longer than expected. Today we discuss some of the common issues that arise when selling a business.
February 15, 2022 · Mingqiang
Divorce in Australia: can a trust be divided as joint property?
Trusts are a concept we hear about frequently, and news reports often feature stories about them — for example, a certain entrepreneur setting up a large offshore trust to mitigate risk.
February 10, 2022 · Mingqiang
How Struggling Australian Businesses Can Use Voluntary Administration to Respond to COVID-19
COVID-19 has been in Australia for two years, and although a series of subsidy measures have been implemented, the pandemic has still brought difficulties that many businesses find hard to overcome.
February 9, 2022 · Mingqiang
How to Make a Valid Will in Australia? Beyond Witnesses, What Else Should You Consider?
In our traditional thinking, the topic of wills tends to be taboo. In reality, however, making a will does not mean giving up on life, nor should will-making be something that only happens at the very end of one’s life.
February 8, 2022 · Mingqiang
A property purchased alone after divorce — can it still be divided with your ex?
The divorce has been finalised, but the property has not been effectively divided. If one party then buys a house, acquires other assets, or even takes on new debts, can these newly acquired assets or liabilities be treated as joint property and divided?
February 3, 2022 · Mingqiang
A Serious Guide to the Process of Making a Binding Financial Agreement | How Far in Advance? Is the Procedure Complicated? Can It Be Done Privately?
In short, a binding financial agreement is an agreement entered into between two people (including same-sex partners) that has legal effect and sets out how the couple’s assets will be divided in the event the marriage breaks down or the de facto relationship breaks down. Once the parties have entered into a valid binding financial agreement, their property will be divided in accordance with that agreement when the relationship ends.
February 2, 2022 · Mingqiang
Retail Small Business Owners: Is Your Lease Agreement “Unlawful”? Some Lease Traps and Misrepresentations Could Cost You…
In mid-January this year, in light of Omicron’s impact on NSW small and medium-sized businesses, the NSW government extended the rent deferral and relief measures for commercial tenants with an annual turnover of less than AUD 5 million, with the extension running until 13 March 2022. At the height of last year’s NSW outbreak, on 14 July the NSW government enacted the Retail and Other Commercial Leases (COVID-19) Regulation 2021 (the “Regulation”), and on 13 August passed an amendment that provided greater protection for tenants who entered leases before 26 June 2021 and were affected by the pandemic.
February 1, 2022 · Mingqiang
Australia’s Most Tragic Homebuyer: One Misread Email During Purchase Left Them Bankrupt!
When buying or selling property in Australia, many people engage a lawyer to help — for example, to review the contract, handle the title transfer, and so on. However, criminals often exploit this opportunity, stealing client information and sending scam emails to lure clients into transferring funds. If you’re not careful when buying a property, falling into such a trap can lead to devastating losses. Today’s story is about a couple who made exactly this mistake. Read on to avoid the same pitfall!