When an individual becomes bankrupt, subject to any contrary provision of the Bankruptcy Act, 1966, the assets of the bankrupt vest in the trustee in bankruptcy.
Property settlements that included provision for a superannuation split may have been negotiated and filed for orders, pre COVID 19. Some parties to those settlements
A property settlement between estranged husbands, wives and de facto spouses can only be the subject of court orders if it is determined to be
In April 2019, the Australian Law Reform Commission released its final report: “Family Law for the Future”. Recommendation 17 is that the Family Law Act
A Self -Managed Superannuation Fund must comply with the law or risk significant tax consequences. Section 17A (3) Superannuation Industry (Supervision) Act 1993 (Cth) (SIS Act) provides
It is not unusual for the assets in an estate to include shares in companies listed on the Australian Stock Exchange. If those shares were
Superannuation assets increased 6.7% in aggregate in the year following March 2018 and were $2,782.6 billion at 31 March 2018. When relationships breakdown, a couple’s
Some years ago, I was involved in some litigation that arose when a man died leaving superannuation entitlements (but without nominating an intended recipient) and
In Re Estates Croft, deceased [2018] NSWSC 1303 a couple with 6 children, made last Wills which favoured certain children rather than each other. This led to some
It comes as a surprise to many people to learn that they do not own their superannuation and therefore cannot include their superannuation as an
Mullane and Lindsay acknowledges the Traditional Indigenous Custodians of the land on which we work and we pay respects to Elders; past, present and emerging.
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