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Tips to maximise your costs recovery
Tips to maximise your costs recovery

 LIV Professional Development 26 Feb 2018

The LIV’s legal costings team is often asked “how do I maximise costs recovery?” Unfortunately, this is usually asked after the hard work is done and proceedings have been finalised...

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Federal Court costs quantification
Federal Court costs quantification

 Jill Grace 01 Dec 2017

The Federal Court delivered judgment on 4 July 2017 in the matter of LFDB v SM (No 4) [2017] FCA 753 in which it considered, inter alia, the lump sum provisions of the Federal Court Costs Practice Note (GPN-COSTS) 25 October 2016...

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Seven steps to success
Seven steps to success

 Brent Szalay 01 Nov 2017

The global financial crisis is long gone, but I happily welcome Greater Financial Control (GFC). Financial control is the key ingredient to making informed and timely decisions, fuelling business growth. 

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Affordable & easy trust accounting for sole practitioners
Affordable & easy trust accounting for sole practitioners

 LIV Trust Accounting 02 Oct 2017

If you have been looking for a simple and affordable solution for your trust accounting, look no further than LIV’s Trust Accounting Online software...

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Plan for change
Plan for change

 Andrew Proebstl 01 Apr 2017

More Australians believe they will have to work longer to ensure they have saved enough for retirement. Australians are planning to push back their retirement date by an average...

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What you need to know
What you need to know

 Andrew Proebstl 01 Feb 2017

After cuts to superannuation concessions passed last year many of the new rules will take effect from July. On 23 November last year, after months of negotiation and amendment...

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Don’t bank on it
Don’t bank on it

 John Eldridge and Fiona Cameron 01 Dec 2016

There is still uncertainty regarding the rule against penalties for commercial parties seeking to contract on contingent liabilities. The High Court recently delivered its decision in the final instalment of...

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Cash rate target
Cash rate target

 Law Institute Journal 01 Oct 2016

From 6 December 2007 law practices whose matters are governed by the Legal Profession Act 2004  cannot use the penalty interest rate for their accounts. The maximum rate is the cash rate target plus 2 per cent...

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Penalty and fee units
Penalty and fee units

 Law Institute Journal 01 Oct 2016

For the financial year commencing 1 July 2016, the value of a penalty unit is $155.46. The value of a fee unit is $13.94 (Government Gazette GG15, 14 April 2016)...

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Penalty interest rate
Penalty interest rate

 Law Institute Journal 01 Oct 2016

The penalty interest rate is 9.5 per cent per annum (from 1 June 2015). To monitor changes to this rate between editions of the LIJ, practitioners should check the Magistrates’ Court of Victoria website...

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Trust accounting
Trust accounting

 Nilantha Wanaguru 01 Oct 2016

Practitioners need to be aware of requirements and process in relation to withdrawal of trust money under the Uniform Law. Pursuant to the Uniform Law, a law practice must not withdraw trust money from a general trust...

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LIV Library
LIV Library

 LIV Library 01 Jul 2016

LIV Members may borrow library material for 14 days, with a one week renewal available unless reserved by a member. Items can be collected from the library, posted or sent via DX free of charge. Material including the location REF...

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Letters to the editor
Letters to the editor

 Law Institute Journal 01 Jun 2016

Financial advice “reforms” seem to follow a similar path to the “truth in lending” aspects of consumer credit “reforms”. John Tesarsch in the May LIJ cover story...

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