Tips to consider before signing a legal contract

A contract is a legally binding agreement between two or more persons. It is critical for the person signing the contract to take time and ensure you fully understand the terms and conditions outlined in the contract. Read the entire contract This may seem obvious,...

What you need to know about Trusts

A trust must have the following key elements: •  It must have a trust property; •  It must have a trustee that holds the legal title to that trust property; and •  It must have beneficiaries for whom the trustee is to manage and apply the trust property. A trust is a...

ASIC targets illegal phoenix activity

The Australian Securities & Investments Commission (ASIC) recently announced a targeting of company directors with a history of failed companies as part of a surveillance program to combat illegal phoenix activity. Phoenix activity is the fraudulent act of...