ARTICLES

Commercial Law

Queensland Payroll Tax and Employment Agents

By NB Lawyers | September 2, 2020 |

Payroll Tax is a State imposed tax on employers, assessed by the wages paid to employees, applicable when the total amount of wages paid by an employer or a group of employers exceeds a determined threshold. There are special provisions in these laws for ‘employment agents’ who procure the services of workers for their clients.…

Read More

Powers of Appointors of Discretionary Trusts

By NB Lawyers | August 3, 2020 |

Trusts can be beneficial mechanisms for asset protection and tax purposes. There are various types of trusts each with its advantages and disadvantages depending on the desired purpose. Discretionary trusts, sometimes referred to as family trusts, are particularly beneficial for small businesses and estate planning. There are four main roles in a discretionary trust, as…

Read More

Hidden costs of buying a business

By NB Lawyers | June 22, 2020 |

Buying a new business can be exciting and full of opportunity for a purchaser. The main expense is of course the purchase price, but there are also other ‘hidden’ immediate costs of the transaction. It is crucial to take note and budget for these costs before signing a contract. Transfer Duty Transfer Duty (also ‘stamp…

Read More

COVID-19 economic response: insolvency laws

By NB Lawyers | May 8, 2020 |

As part of the government economical response to the COVID-19 effects, there have been temporary measures introduced effective as of 25 March 2020 that alter the laws in relation to insolvency and personal bankruptcy in Australia through the Coronavirus Economic Response Package Omnibus Act 2020 (Cth). The purpose of these measures is to deliver relief…

Read More

COVID-19 – Force Majeure and Contractual Obligations

By NB Lawyers | April 26, 2020 |

Force Majeure….breach of contract….termination of contract….performance of contract.  Suppliers and service providers alike in industries as diverse as manufacturing and financial services, travel and engineering to marketing and dentistry are feeling the effect of COVID-19  and to a wider extent dispute over contractual obligations. The unprecedented event of the COVID-19 pandemic continues to place stress…

Read More