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So far WMD Law has created 147 blog entries.

Changes for property transactions

By |2018-09-30T19:35:14+00:00September 30th, 2018|PROPERTY LAW|

If you are selling residential property and propose to enter into a Contract on or after 1 July 2018, there are two important questions which must be addressed: Are you registered or required to be registered for GST? Are you selling a new residential property or a substantially renovated property? If the answers to above questions are “yes”, then on settlement, the purchaser must deduct a GST [...]

What is Estate Planning?

By |2018-09-30T19:34:07+00:00September 30th, 2018|ESTATE LAW|

Estate planning is more than just making a simple Will. It is the process of working out the best structure for your personal and financial affairs during your lifetime. It also covers how your personal possessions and financial assets will be distributed after you die. A good estate plan will allow you to: Preserve your wealth during your lifetime. Generate wealth in a flexible and [...]

What is Specialist Accreditation?

By |2018-09-30T19:32:45+00:00September 30th, 2018|LEGAL NEWS|

Australian Law is extensive and complex which is why Lawyers choose to focus on specialty areas. When you have an important legal matter it is vital to know that you have an expert in that area of law, on your side. To help clients to easily identify if a Lawyer is a specialist in a particular area of Law the Law Society introduced the Specialist [...]

Legislation Update

By |2018-09-30T19:31:05+00:00September 30th, 2018|COMMERCIAL LAW|

In light of the Banking and Financial Services Royal Commission, small businesses and sole traders might be excused for thinking that the Federal Government's legislative reforms are wholly focused on the large corporations. Those who have been following the news will recall the massive prosecution of the Commonwealth Bank for failing in its anti-money laundering and counter-terrorism financing obligations. This prosecution is part of a [...]

Granny Flat Agreements

By |2018-09-30T19:29:19+00:00September 30th, 2018|ESTATE LAW|

Many families with elderly relatives are reviewing the available aged care services and deciding to care for their parents or elderly relatives in their home. This can be a great solution for both parties. The homeowners often receive cash or assets in exchange for care and creating a dedicated area of their home. It’s a good solution for the elderly relatives because they receive care [...]

Changes to Australian Privacy Law – Your obligation to report eligible data breaches

By |2018-09-30T19:27:55+00:00September 30th, 2018|LEGAL NEWS|

The Privacy Amendment (Notifiable Data Breaches) Act 2017 established the Notifiable Data Breaches (NDB) scheme which forms Part IIIC of the Privacy Act 1988 and came into effect on 22 February 2018. The NDB scheme introduces mandatory requirements for entities in responding to data breaches. The scheme requires an entity to notify the Office of the Australian Information Commissioner (OAIC) and any affected parties of [...]

Another Withholding Regime to Impact the Conveyancing Process

By |2018-09-30T19:25:49+00:00September 30th, 2018|PROPERTY LAW|

From 1 July 2018, purchasers of new residential premises may need to remit part of the purchase price directly to the ATO.  If there is more than one purchaser, and those purchasers are not joint tenants, then each purchaser is required to remit their respective proportion of the withholding amount. In an effort to ensure that all vendors pay GST when they sell new residential [...]

Flying regulations for Drones in Australia

By |2018-09-30T19:24:24+00:00September 30th, 2018|LEGAL NEWS|

Whether you’re an aviation enthusiast, photographer or just interested in technology, many of you may have operated a drone or received one as a gift for Christmas. The increase in the popularity of drones has led to the introduction of rules and regulations to reduce the potential risks of piloting drones. In Australia, if you are operating a small recreational drone, you need to comply [...]

Estate Planning for same sex couples

By |2018-09-30T19:22:11+00:00September 30th, 2018|ESTATE LAW|

A Will is a written statement of the way in which a person wishes to have his or her property distributed after their passing.  Anyone over the age of 18 years who has the necessary capacity may make a Will. Following the passing of the Marriage Amendment (Definition and Religious Freedoms) Bill 2017, marriage is now defined under the Marriage Act as "the union of 2 people to the [...]

Thinking about running a competition to promote your business?

By |2018-09-30T19:18:40+00:00September 30th, 2018|LEGAL NEWS|

Trade promotion lotteries are a great way to promote your business and engage customers with your brand and your latest products and services. If you want to run a successful trade promotion you should make sure that your competition complies with the relevant laws. Does the lottery need to be free-to-enter? Trade promotions must be free-to-enter competitions and be used to genuinely promote your company's [...]

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