What should you expect from your lawyer under the new AML laws?
Overview The Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024 (Cth) was passed by Parliament in November 2024. It updates the existing AML/CTF Act 2006 to strengthen Australia’s ability to prevent and respond to money laundering and terrorism financing, and to align with international standards set by the Financial Action Task Force (FATF). […]
Is Limited liability an ‘Ingenious device’?
What does ‘Limited Liability’ mean? Limited liability (LL) presupposes that the debts of the company are separate from the debts of its investors and has been dubbed an ‘ingenious device’ by legal experts. This is because the company is a distinct legal personality, separate from its shareholders. The ingenuity of Limited Liability The most compelling arguments for […]
Amendments to the Owners Corporation Act 2006
Introduction The Owners Corporations and Other Acts Amendment Act 2021 (Vic) (Amendment Act) has been enacted. These changes will come into force on 1 December 2021. This article seeks to summarise some of the key amendments made to the Owners Corporations Act 2006 (the Act). The five tiers of Owners Corporations: The Act previously did not differentiate […]