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We have some exciting news! Karolidis & Co (Legal) is delighted to join forces with award-winning law firm Keypoint Law, comprising 80+ partner-level lawyers across 25 areas of law with a nationwide footprint. I will be joining as a Consulting Principal (partner-level) lawyer. More about Keypoint Law is below. Why make the change? As you… Read more »
The State Taxation Acts and Other Acts Amendment Bill 2023 was introduced into Victorian Parliament on 3 October 2023. If passed, this will result in significant changes to Victorian Tax Laws. The key proposed changes are summarised as follows: Land Tax and Existing Windfall Gains Tax: Currently, contracts for the sale of land provide that… Read more »
Section 31 of the Sale of Land Act 1962 (Victoria) provides a purchaser who signs a contract of sale for the purchase of land the ability to terminate the contract where certain conditions are met. Generally, a purchaser has 3 clear business days from when they signed the contract to exercise rights to cool off.… Read more »
Real and Genuine Considerations The Victorian Supreme Court of Appeal in its decision in Owies v JJ Nominees Pty Ltd [2022] VSCA 142 made it clear that trustees of family discretionary trust must give ‘real and genuine consideration’ to all circumstances of beneficiaries when exercising their power regarding income of the trust. The decision serves… Read more »
License Agreements: A License Agreement is a contract where the licensor gives the licensee permission to use something without the obligation of transferring ownership to use, in their own ventures. For instance, a business name, brand, logo or a trademark. These agreements can be specific, as to what property the licensee can use and how… Read more »