Posts in Commercial & Business
Beware of New Dangers with Trust Distributions from recent Victorian Case

As you may be aware, a recent court decision in Victoria towards the end of last year has caused concern in the legal world over distributions from discretionary trusts.  

Usually we are instructed to set up discretionary trusts for the benefit of a particular client, with the client as trustee and the client and his/her broader family and related entities as beneficiaries.

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Bankruptcy and You

Deciding whether or not you should apply for bankruptcy can often be a confusing and daunting task, and there is much to consider. It is integral that you understand what implications you may face and make an informed decision.

This article will explain what bankruptcy is and some of the common advantages and disadvantages of declaring bankruptcy.

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Director Identification Number

In order to prevent the use of false or fraudulent director identifies, from November 2021, directors will need to verify their identity as part of a new director ID requirement.

A director ID is a unique identifier that a director will apply for once and keep forever, even if they change companies, stop being a director, change their name or move interstate or overseas.

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