Confusion reigns over superannuation transfer balance cap

A recent speech by the ATO’s Assistant Commissioner for Superannuation demonstrates the very practical problems with the new superannuation rules. The $1.6 million transfer balance cap (TBC) that limits the amount you can hold in a superannuation pension requires...

What is Testamentary Capacity

A person’s ability to make a will is referred to as testamentary capacity. Essentially, this is a person’s ability to understand what they are doing and the effect of their actions. A person must have testamentary capacity at the time of making their will in order for...

Contractor Licence in the Home Building Industry

If you want to operate a business in the home building industry, one of the first things you need to apply for, and then maintain, is a contractor licence that authorises your business to undertake the works which it has contracted to perform. Sometimes things happen...