A number of recent changes affecting foreign purchasers of property in Victoria have either come into, or are soon to come into effect. These changes are already impacting on the sale of property.
On 31 May 2016, the Fair Work Commission handed down its 2016 Annual Wage Review Decision.
In some cases, homemade Wills can cost the deceased’s estate considerable expense. We share with you just how defective a homemade Will can be and how risky it is for appointed executors to try to obtain probate of a homemade Will without legal assistance.
A recent decision of the Victorian Civil and Administrative Tribunal (VCAT) is a timely reminder for experts, lawyers and their clients of the importance of “getting it right” with expert reports in order to best assist Courts and Tribunals to make proper determinations of disputes.
Many businesses are familiar with engaging a software developer to create a product or application, however the devil is in the detail when it comes to ownership of the end product.
Generally, an employer will own the copyright that is created by its employee pursuant to the terms of their employment, however this does not apply to software developers who operate as independent consultants.
Recently in Pt Bayan Resources TBK v BCBC Singapore Pty Ltd  HCA 36, the High Court of Australia held that the Supreme Court of Western Australia has the inherent power to issue a freezing order relating to a pending judgment in a foreign court, which would be registrable in Australia pursuant to the Foreign Judgments Act 1991 (Cth).
In short, that means an Australian Court can freeze local assets to aid a foreign litigant seeking to recover those assets.
As you may be aware, there is a Bill (State Taxation and Other Acts Amendment Bill 2016) before the Victorian Parliament that will upon becoming law, have the effect of increasing the stamp duty surcharge on the acquisition by foreign purchasers of residential propery in Victoria to 7%. Included in “residential property” are hotels and other forms of short term accommodation.