BUSINESS & WEALTH STRUCTURING
(COMMERCIAL LAW) ARTICLESCudoos to Jacinda Arden – you are one amazing leader!
It's official...Jacinda Arden is Nautilus' pick for leader of the year. This amazing human being is a mum of a young bub, prime minister of New Zealand, she led a nation through a tragic terrorist attack, she protected her masses through the Covid-19 pandemic, she...
Telemarketers and False Advertising: What to do about it if you have entered into a Contract?
Telemarketers got the best of you? We have all received those uninvited telephone calls from someone desperately trying to sell us goods and/or services – often during dinner with the family or at the most inconvenient time possible. At Nautilus Law Group, we have...
Ouch – big tax mistake – home office and CGT
CGT and the small business home office - big tax mistakes The amount of Capital Gains Tax (CGT) you will be required to pay when you sell your home is calculated by multiplying the gross capital gains on the sale of your home by the percentage of business use over the...
Unintentionally Bound: the Case of Informal Agreements in Commercial Tenancy Ventures
It comes as a surprise to clients when, on occasion, they find themselves either subject to, or trying to enforce, “informal agreements”. Informal agreements may come in the form of an exchange of discussions in respect to an arrangement, or a signed Lease Offer. It...
Related Party LRBAs and PCG 2016/5: A review and recommendations for Trustees for Smooth Sailing
The release of PCG 2016/5 comes as no surprise, which follows on the back of the Australian Taxation Office (ATO) publications ATO ID 2015/27 and ATO ID 2015/28, which set the tone for related party Limited Recourse Borrowing Arrangements (LRBAs). The ATO’s 2015...
Can an employee acquire a residential property as an investment in the employee’s Self Managed Superannuation Fund (SMSF), if the employer is a property developer?
Answer: Maybe, maybe not. This question asks whether an employee is a related party of their employer (or the employer a related party of the employee’s SMSF) for purposes of Section 71 Superannuation Industry (Supervision) Act 1993 (SISA), in respect to the In-House...