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Introduction to SMSF Borrowing Funds and Loans
Self-Managed Superannuation Funds (SMSFs) are a cornerstone of Australian superannuation, empowering individuals with the autonomy to manage their retirement savings directly. A critical evolution in this domain was the amendment to the Superannuation Industry...
Why Hiring a Commercial Leasing Lawyer Is What Every Business Needs
Entering a commercial lease agreement is quite a big step for anyone, especially those who have no experience with the complexities of a commercial lease and negotiating their terms. whether you’re opening a restaurant, a car wash, or an office, you need to understand...
How to Reduce the Risk of Litigation
When you’re in business, it’s important to understand your levels of legal risk and how to avoid them. One of the most common areas of risk for any company is contracts. It can be a failure to review a contract properly, or to meet a deadline outlined in the contract,...
Changes to the Foreign Resident Capital Gains Withholding (FRCGW) Regime in Australia
From 1 January 2025, the Australian Government introduced significant updates to the Foreign Resident Capital Gains Withholding (FRCGW) regime. These changes to FRCGW aim to enhance the Australian Taxation Office’s (ATO) ability to collect Capital Gains Tax (CGT)...
Unlocking the Commercial Potential of Long-Held Properties
For property owners in Australia, particularly those who have retained ownership since before 1985, there are significant opportunities to unlock the full potential of their assets. These opportunities stem from capital gains tax (CGT) laws, which introduced sweeping...
Preventing Family Provision Claims
A family provision claim is a legal action brought by someone looking for a share of a person’s deceased estate, when they believe they have not been adequately provided for. There is no way to stop someone from contesting a Will or making a family provision claim in...
Buying a Business in Australia: 3 Hidden Red Flags You Can’t Afford to Miss
Why Buying a Business in Australia Requires Due Diligence One of the best financial decisions you can make is buying a business in Australia. After all, it’s a lot less stressful compared to starting a business from the ground up. There is already a set location,...
Buying waterfront property
It’s the dream of many Queenslanders to have a home right on the waterfront, with access to your very own jetty or pontoon. Before diving into purchasing a property with water access, there are a few legal issues to consider. Leasing Arrangements for Jetties...
Why you need a commercial leasing lawyer
As Brisbane races towards the 2032 Olympic and Paralympic Games, construction in the city is heating up, and a commercial leasing lawyer is more essential than ever. Surging Demand for Office Space in Brisbane New research from Colliers suggests the River City...
Changes to franchising
The Federal Government has recently announced its support for several recommendations made following the 2023 review of the Franchising Code of Conduct. A new draft of the Franchising Code will be released later in 2024 and is expected to be implemented from April...
How do I turn my business into a franchise?
Franchising is a popular business model in Australia, where the franchisee buys the rights to operate a business using the name, brand, product and services of an already established business. In return, the franchisor provides resources and support to each of the...
Land titles practice manual: the latest updates
Here at GLG Legal, we aim to keep you up to date with all the changes that impact on you, our clients, and more widely across the legal landscape. Recently, some significant amendments were made to the Land Titles Practice Manual, which aim to bring clarity,...
Exciting News from GLG Legal Brisbane: We are Moving to a New Office
Galleon Law Group Announces Office Move for Two of its Brands to One Location We are thrilled to announce that GLG Legal Brisbane and Michael Lynch Family Lawyers, both firms of Galleon Law Group, are moving into the same location at the end of August 2024. This...
What are disbursements?
When you are buying or selling property, there are a range of legal expenses involved. One of these expenses is called “disbursements” and it covers activities carried out during the conveyancing process, including: Searches – such as title searches, and obtaining...
Building Management Statement – A Developer’s Perspective
As a property developer, when should I use a Building Management Statement and how is it to my advantage? This is the second in a series on Building Management Statements (BMS). For general commentary on BMS please refer to our earlier report at the following link:...
Development approval clauses – what are they and how do you ensure you’re covered?
Developing a property or piece of land comes with its own risks and rewards but what does it mean when a contract says, “subject to development approval”? Developers and real estate agents often use a subject to development approval clause from a previous contract,...
What is a Building Management Statement?
If your strata title building includes a large commercial component for office or retail, chances are your Body Corporate is a party to a Building Management Statement (BMS). A BMS is a document used to regulate the relationship between two or more large users of a...
Who Should Review a Contract?
In our business and personal lives, we are exchanging contracts all the time. For employment, for homes, for sales, and even for issues like power of attorney. It’s vital that you have a lawyer who understands and specialises in contract law and commercial agreements....
Trust and Constitutions – Making a Change
Sometimes trust deeds or company constitutions need to be changed. To ensure this is done correctly, you will need the help of an experienced lawyer. Changing a trust Changing a trust can be complex, and if it’s not done right, you could end up with tax problems. To...
How to List Your Company on the ASX
Taking your company public is a big leap. It comes with several risks and rewards, and you need expert advice to make sure it comes together. Firstly, you will need to appoint a team of advisors, which would usually include a lead manager, a lawyer, and an accountant....
Why You Definitely Need a Lawyer in Property Conveyancing
The property conveyancer will also act as your representative in court if necessary. This is usually only required, if there is a dispute over the ownership of the property or, if one of the parties fails to adhere to the terms of the sale. In these cases, the...
Development Approval Clauses – What are they and how do you ensure you’re covered?
Developing a property or piece of land comes with its own risks and rewards but what does it mean when a contract says, “subject to development approval”? Developers and real estate agents often use a subject to development approval clause from a previous contract,...
What Are Sunset Dates?
Article by Peter Lee, Property Law Accredited Specialist There has been plenty of public debate lately about sunset dates and the termination of contracts. Mainly these focus on the plight of buyers who signed a contract years ago at what was then market prices,...
Welcome Mark Jenvey
Property Lawyer Joins GLG Legal GLG Legal is excited to announce that Mark Jenvey, a property lawyer with over 20 years of experience has joined the firm as Special Counsel in Brisbane. Mark brings a wealth of expertise and capability in commercial, industrial and...
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