Staying Informed - Law Institute of Victoria

Commercial Law Accredited Specialisation

LIV 03 Dec 2019

The LIV branded Business Law Accredited Specialisation is being changed to Commercial Law Accredited Specialisation as of 1 January 2020...

Practice Management

Ombudsman, ACCC call for unfair contract penalties

Karin Derkley 10 Sep 2019

Unfair contracts should be made illegal and attract strong penalties, an LIV hosted forum on how regulators can help small businesses has heard...

Consumer Law

New Estate Agents (General, Accounts and Audit) Regulations

LIV Commercial Law Section CommercialLawSection@liv.asn.au 07 Jun 2018

The new Regulations came into operation on 20 May 2018 and include changes to the Statement by a Vendor of a Small Business...

Legislation

Remake of the Estate Agents Regulations

Commercial Law Section 03 Apr 2018

The Law Institute of Victoria has provided input to Consumer Affairs Victoria in relation to the remake of the Estate Agents (General, Accounts and Audit) Regulations 2008...

Advocacy Disclosure Legislation

Do you need FIRB approval before purchasing ‘agricultural land’ in Australia? Consider three key questions

Sandy Lai 20 Mar 2018

As a foreign non-governmental investor and an intending purchaser of agricultural land in Australia, you should consider the following three key questions...

Getting it right in business sale agreements

Carlo Furletti 13 Mar 2018

It is important for practitioners to give some consideration and thought to the structure which should be utilised for the purchase of the business by the client...

Continuing Legal Education Practice & Procedure

Key insights into advising your SME client on a tax sensitive business succession plan

Laura Spencer, 28 Feb 2018

Succession planning can be a complex process and even practitioners experienced in the area can make mistakes...

Business Succession Succession

LIV Academy Review - Business Law

Andrew Tsirikis 22 Nov 2017

Andrew Tsirikis, Lawyer at Foster Nicholson Lawyers, recently attended the Business Structuring workshop in the LIV’s Academy Series in Business Law and writes of his experience of the session...

Continuing Legal Education Education

Error in LIV Contract of Sale of Business (June 2014)

Commercial Law Section 17 Nov 2017

There is an incorrect reference to section 38-480 of the GST Act in General Condition 8.3(b) of the June 2014 LIV Contract of Sale of Business. The reference should in fact be to section 38-325 of the GST Act.

Taxation

What risks are in store?

Legal Practitioners’ Liability Committee 01 Nov 2017

LPLC’s cost of claims from acting in the sale or purchase of a small business were higher than usual in 2016/17. The claims show that there are three main risk areas when acting in these transactions...

Changes to Foreign Resident Capital Gains Withholding

Commercial Law Section 05 Jun 2017

On 9 May 2017, the Government announced proposed changes to the foreign resident capital gains withholding (FRCGW) rate...

ATO Capital Gains Tax Conveyancing Legislation Real Property Taxation

Top tips when acting in a sale or purchase of business

Andy Shaw 22 May 2017

As a business lawyer, acting for clients in the context of a sale and purchase of business transaction is one of my most common...

Foreign resident tax withholding payments

LIV Media 09 May 2016

We refer to the Tax and Superannuation Laws Amendment (2015 Measures No 6) Act 2015 (the Act) which applies to contracts made on or after 1 July 2016. The Act introduces a new foreign resident tax withholding payment...

ATO Conveyancing Obligations