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Recently announced bank concessions
Following the Reserve Bank of Australia’s (RBA) meeting on 19 March 2020, we have collated the key points and a... read more
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The concept of Force Majeure
The concept of Force Majeure refers to an unforeseeable event that could not have been contemplated when an agreement was... read more
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Details of further stimulus packages announced
Amid the forced closure of Australian non-essential businesses, social distancing and consumer sentiment, many Australian businesses are now facing dire... read more
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Deferral of loan repayments for small business
On 20 March 2020, the Australian Banking Association announced a suite of measures that Australia’s banks will implement to assist... read more
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Assistance provided by ATO to businesses
The Australian Taxation Office (ATO) has released information relating to the support they will provide to businesses in these unprecedented... read more
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Federal Government releases stimulus package
Responding to the extremely challenging economic environment, the Government today (12 March 2020) released a stimulus package which is designed... read more
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Amendments to Trust Deed may be required to avoid penalty stamp duty arising
Where a discretionary trust purchases residential property, the discretionary trust will be liable to pay a higher rate of stamp... read more
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Banks Group Golf Day 2019
Banks Group Golf Day 2019 was held on Tuesday 26 November at Woodlands Golf Club, with all proceeds proudly donated... read more
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Ultra-low interest rates: Is money worth anything anymore?
On 1 October 2019, the Reserve Bank of Australia (RBA) reduced the official cash rate to 0.75%, with RBA Governor... read more
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Tax Bites: Land tax on the home tennis court or swimming pool
Earlier this year, changes were made to the Land Tax Act 2005 to restrict the land tax exemption that currently... read more