by Gavel Law | Mar 26, 2025 | Commercial Law, Corporate Law, Employment LAw
In a significant move, the Albanese Government has announced it will ban non-compete clauses in employment contracts for workers earning up to $175,000 annually. The reform, part of the 2025 Federal Budget (25 March 2025), could potentially be extended to higher...
by Gavel Law | Feb 26, 2025 | Gavel Law, Private Wealth, Tax Avoidance, Taxation Law, Trusts
The Commissioner of Taxation (Commissioner) has had a long-standing view that an unpaid present entitlement (UPE) by a trust to a corporate beneficiary is a form of “financial accommodation” where the beneficiary can (but does not) demand the entitlement. This meant...
by Gavel Law | Oct 16, 2024 | Commercial Law, Corporate Law
In today’s complex regulatory landscape, directors are facing novel governance challenges as they navigate an increasing array of financial and non-financial risks. Stakeholder expectations are rising, and ASIC is heightening its focus on directors’ duties in relation...
by Gavel Law | Apr 5, 2024 | Gavel Law, Property Law, Tax Avoidance, Taxation Law
The Full Federal Court decision The Full Federal Court decision of Minerva Financial Group Pty Ltd v Commissioner of Taxation [2024] FCAFC] 28 decided that Part IVA of the Income Tax Assessment Act 1936 did not apply to a trustee’s failure to exercise its...
by Gavel Law | Apr 5, 2024 | Charitable Donations, Gavel Law, Private Wealth, Taxation Law
An entity must be a charity to be eligible for various tax exemptions and concessions and endorsement as a deductible gift recipient. (Charity is defined in section 5 of the Charities Act 2013). For a long time it was thought that there was a rigid distinction...
