Insights | Taxation of Daigo activities

The ABC recently published a feature article on the “Daigo” phenomenon. For those who aren’t familiar with that expression and too time poor to read the entire ABC article, “Daigo” refers generally to private shoppers, relevantly based in Australia, who traditionally purchase high demand items such as baby formula powder or vitamins or supplements for consumption … More Insights | Taxation of Daigo activities

Seven & Harrison: a pyrrhic victory

In this author’s mind, it was beyond reasonable doubt that Seven would obtain final injunctive relief to restrain Ms Harrison from breaching the terms of the 2014 deed of settlement; any legal practitioner experienced in negotiating and drafting terms of settlement and confidentiality would know that there are strong commercial reasons such deeds entering into … More Seven & Harrison: a pyrrhic victory

Sydney Markets’ Fresh Awards 2016: Produce Grower of the Year goes to Goldenfield

I am pleased to report that last month, Goldenfield was crowned by Sydney Markets as the 2016 Produce Grower of the Year in its annual Fresh Awards. My brother expressed a mixture of disbelief and surprise at Goldenfield winning the award.  For my part, I think that speaks more to his humble nature and does not reflect … More Sydney Markets’ Fresh Awards 2016: Produce Grower of the Year goes to Goldenfield

Three letter word missing in the ANZ penalty case

Yesterday we published a summary of the High Court’s decision in the ANZ penalty case. In our summary, we drew attention to Justice Nettle’s analysis of the experts’ mathematical calculation of the conceivable heads of loss suffered by ANZ on credit card accounts not paid on time; that analysis is to be commended as it reflects the forensic … More Three letter word missing in the ANZ penalty case

Insights | Negative gearing and investing in property

The purpose of this blog article is to discuss the concept of “negative gearing” and its practical implications for investors in property. We also include 5 helpful tips for our readers at the bottom of the article. What is negative gearing? Often the focus in media and politics is on one aspect of negative gearing – … More Insights | Negative gearing and investing in property

Insights | Parents helping children buy property

Our Prime Minister has recently come under fire for suggesting that couples could seek financial assistance from parents to buy property.  In fact, my experience suggests this is not uncommon for Australians from multicultural backgrounds, particularly where there is an expectation that the newlyweds ought to establish a new household. SMH’s Domain suggests a number … More Insights | Parents helping children buy property

Tax insights | 2016/17 Federal Budget Papers

This blog is intended as a humorous supplement to the plethora of other publications freely available from the Big 4 Accounting Firms and other mid-tier firms. We will preface this blog post with an obligatory remark that Budgetary tax announcements are exactly that – mere announcements; they do not have force of law unless and … More Tax insights | 2016/17 Federal Budget Papers

Beware of recent telemarketing schemes

In the past month, I have experienced two unsolicited telemarketing calls which are now giving me concerns that this is a new trend in fraudulent and/or unregulated schemes. The calls have had similar themes: they target people with properties, home businesses and retirees they assert they are funded by the Australian Government they assert that the … More Beware of recent telemarketing schemes