Last month we discussed the vendor financing option for those farmers transferring their farms onto their children and allowing their children to pay off the price over time. If a straight up sale doesn’t suit your family, another option is to have the younger generation gradually buy-in an..
A common misconception is that a trade mark is the same thing as a business name, company name or domain name. It’s not. Business, company and domain names, and trademarks are four distinct identifiers that serve different purposes in the marketplace and registration of them accords mar..
Don’t let your farm become “Feral Farm” – know your rights and obligations to eradicate feral animals
Today, it is estimated that Australia has up to 24 million feral pigs. The Biosecurity Act 2014 protects Queensland’s economy, biodiversity and people’s lifestyles from the threats posed by invasive pests and diseases. Invasive pests include feral animals which impact on our native ..
Given the spate of insolvencies in the construction industry, it is unsurprising that we have acted for a number of contractors who have received correspondence from liquidators: asserting that certain payments made to the particular contractor represent an “unfair preference”; and demandin..
If you are in business, it would be normal for you to enter into contract arrangements with different parties as part of your general operations. Common types of contracts that business owners may encounter include supply contracts with suppliers and customers, leasing agreements with landlo..
For contracting businesses operating in the mining industry, Contracts and Purchase Orders are just day to day business. You may accept a Purchase Order without even reading the terms and conditions attached. What you may not realise, is that buried in the fine print is often a bomb, in the ..
Comments you make on Facebook, as innocent as they seem, can cause significant damage to someone's reputation. We regularly see issues arising from people posting comments on Facebook without thinking about the potential legal consequences. Take a recent case between a separated husband..
The Fair Work Commission (FWC) recently dismissed an unfair dismissal claim brought by an ex-employee of a small business that sells bathroom supplies and fittings*. In rejecting the application for unfair dismissal, the Commissioner observed: “It appeared much of the issue for Mr Kh..
Succession Planning for Farmers: Part Three – Your children paying the purchase price off by Vendor Financing
Earlier this year we launched our “Succession Planning” series. Our first two columns started with the basics and raised questions you should be considering when making your succession plan. You can review these here: Part One (/news/to-transfer-or-not-to-transfer-when-is-the-right-time) and Pa..
Beware when signing Form 15 – you may be personally liable In a recent case the Queensland Court of Appeal held an engineer personally liable for signing an incorrect Form 15 (compliance certificate for building design or specification). The exact damages payable are yet to be decided but co..
Earlier this year, we launched the Part One of our series on Succession Planning. (/news/to-transfer-or-not-to-transfer-when-is-the-right-time) This issue, we shall explore the options you have if you would like to transfer your farming business all at once (as opposed to over time). ..
From 1 July, 2018, buyers of "new residential premises" or "new residential subdivisions" will be required to pay 1/11th of the purchase price to the Australian Taxation Office (ATO) (instead of to the seller) at settlement. The New REIQ Residential Contract (15th Edition) The Real Esta..