In its simplest form, superannuation is a regular payment by an employer (and/or perhaps by the relevant employee) to a superfund, to be held on behalf of that employee, as savings for a future pension. Superannuation is not an estate asset. Accordingly, on a person’s...
The Owners Corporations and Other Acts Amendment Act 2021 (Vic) (“OC Amendment Act”) has now passed Victorian Parliament, and will take effect from 1 December 2021, with a number of changes to the current Owners Corporation Act 2006 (Vic) (“current OC Act”). Setting...
It is very hard for many people to understand the concepts behind a trust. The concept has a long history and development, and some of those legal concepts can be confusing. It can be especially difficult when the trustee of the trust is a company. What is a trust?...
