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Are you strapped for cash? Unable to afford your rent? Have you taken on more leasing space than you need?
Subleasing may be just what the doctor ordered. And yes, there are ways to make it work. While subleases occur much less frequently in practice than direct leases from the owner of the freehold, do not underestimate the commercial benefits of subleases..
Read MoreOn 1 July 2018, phoenixing reforms came into play. At Brown Wright Stein Lawyers, we are examining the impact these reforms will have on property developers, vendors and purchasers and the commercial implications in terms of tracking and regulating illegal activities for businesses.
Read MorePhoenixing involves stripping and transferring the assets out of a company, leaving it to perish in a blaze to avoid paying its liabilities. A new company is then reborn from the ashes of the old company, starting anew and liability free, however usually with the same assets and business as the old company.
Read MoreI can understand how this has come about. Underhanded developers swiftly wind up the vendor development company to avoid paying GST on sales involving new residential land or potential residential land subdivisions. It's called phoenixing.
Read MoreWe value our people and pride ourselves on growing from within. We are pleased to announce our recent promotions. Matthew McKee has been promoted to Partner in our Tax team and Charles Cheah has been promoted to Partner in our Commercial division.
Read MoreAfter two well-publicised fires in the CBD in the last 6 months it is timely to consider how a building fire may impact on the rights and obligations of landlords and tenants.
Read MoreThe Commonwealth Government has announced a 12-month amnesty for employers to self-report underpaid superannuation amounts, during which period the usual penalties for underpayment (non-deductible payments and administrative penalties) will not apply. The amnesty period ends on 24 May 2019.
Read MoreWhat is a sale on a 'retention of title' basis?
It is a conditional sale. The supplier remains the owner of the goods being sold until the goods are paid for in full by the purchaser. This transaction is now deemed to be a secured transaction.
Read MoreThe Australian Treasury recently reviewed the Australian Consumer Law (ACL) and is seeking feedback from businesses and consumers to have their say on proposed reforms to clarify, simplify and modernise the consumer guarantee framework in the ACL.
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