An Enduring Power of Attorney (POA) is a significant legal document necessary for empowering an ‘attorney’ to make decisions on your behalf. These decisions can be related, in some States just to financial issues, superannuation and asset management and in others extending to residence, health services and more.
Townsends Law
Can an SMSF sell a collectable to a related party?
Can SMSF trustees sell a collectable (artwork) to a relative and does it require a valuation report?
Stamp duty exemptions for principal places of residence
In very limited circumstances, in NSW a property can be transferred without paying transfer duty. Townsend Law’s Jonathon See explains.
Background to making a company director personally liable
All corporations have what is termed a ‘legal personality’. This means that corporations are a distinct legal entity, with their own rights and responsibilities.
Are you up to speed on the latest process to rollover a member of an SMSF?
Rollovers from one SMSF to another must comply with the technical requirements. Elizabeth Wang from Townsends Law has summarised those requirements to save you time.
New measure for company processes using technology
The Federal Government has released exposure draft legislation to support companies and their officers using technology to satisfy Corporations Act 2001 requirements.
SMSFs transacting with former spouse, cousins or friends
A question we get from time to time is whether the trustee(s) of an SMSF can enter into transactions with a fund member’s former spouse whether the transaction is a loan, lease or another type. In this article, we will consider a number of compliance issues with SMSF transactions involving a former spouse.
The impact of transfer balance cap indexation
Starting 1 July 2021, the transfer balance cap (“TBC”) will be indexed from $1.6 million to $1.7 million (“Indexed TBC”). Although this change sounds like good news, it does come with quirks not everyone is aware of and not knowing them can lead to adverse outcomes.