This month marks the commencement of the phasing period of Director Identification Number (DIN) for all company directors. Recently, the Corporations Act 2001 has been amended so that every director will now be required by law to have a Director Identification Number in an attempt to address illegal activities such as phoenixing. What is a…
Commercial Tenancy Rent Relief Scheme – as extended from 29 September 2020 to 31 December 2020 What is the new extended scheme? The COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Vic) (Amending Regulations) were published with effect from 29 September 2020. The Amending Regulations vary and extend the operation of the COVID-19 Omnibus (Emergency Measures)…
Maintaining a CovidSafe workplace Stage 4 restrictions now apply to Metropolitan Melbourne encouraging businesses to work from home. Only permitted workplaces can now operate on-site provided they comply with the strict requirements, including the implementation of a COVIDSafe Plan. COVIDSafe Plan for employers This document need not be complicated. As a minimum it must set…
Finalising the division of assets Separation is a difficult time for everyone. You will need to make some decisions about what happens to your assets for example, the family home, investment properties, businesses, even pets. What are the enforceable options available to me? There are essentially three avenues: Binding Financial AgreementsConsent OrdersCourt Application We strongly…
Understanding Time Limitation Periods in Equity Statutory periods of time limitation specifically state how long a party has to bring a claim for breach. Most legal claims become statutory barred after six years. However, in cases of equitable claims there are no stipulated limitation periods. Therefore, the statutory time limitation by analogy applies. Courts will…
When faced with a proceeding regarding parenting, the Court may order a family report to ascertain their decisions regarding the matter through the provision of a factual statement. This may be done at the court’s discretion or on the application of a party to the proceedings. What is a section 11F Report? A family report…
Who do you trust to look after your interests?
It is crucial to have power of attorneys in place. We often underestimate the value of these, but it takes a second for life to turn around. Unfortunately, the probability of meeting a car accident is quite high and that one car accident can result in severe brain injury causing you to lose your cognitive abilities. If this happens, have you thought about who will look after your family? Who will look after your business, your family house, your pets? Most importantly, who will make medical decisions for you? Who will decide whether you should undergo particular surgery or not? The doctor or someone close to you?
Who can you appoint as Attorneys?
You can appoint anyone so long as they are an adult with legal capacity and you trust them with your affairs. You can appoint more than one person.
What powers does the Attorney have?
You can choose what powers you would like to give, from financial to medical. You may chose to give limited financial management powers. It is completely your choice.
If you would like more information on how we can help you prepare Power of Attorney that protect your interests please call us on (03) 9696 0883 to book a FREE consultation.
