"BiziNet Magazine #85 - May/Jun 2017" BiziNet™ Articles

Katherine Hepburn once drily observed, “What you see before you my friend is a lifetime of chocolate.” There was no obvious sign that the product which tantalised the famously svelte actress recorded anything but desultory effects. She lived to a great age and enjoyed leading lady status in Hollywood for more than sixty years.

New Law Passed
The Government on n 20 March 2017 enacted legislation allowing companies to raise funds by crowd sourced funding. The law amended the Corporations Act 2001 (Cth).

Family Trusts have and will continue to be used into the future for a variety of purposes, in particular asset protection. Most Family Trusts notably have a Corporate Trustee. As a Registered Bankruptcy Trustee, I am quite often asked by individuals who may be a Director/Shareholder of the Corporate Trustee and/or a Beneficiary of the Family Trust (or discretionary trust) what happens if the individual goes into bankruptcy (either voluntary [themselves] or involuntarily [via the Federal Court])?

‘The digital age is upon us,’ has become a hoary cliché. Some have chased down every latest innovation. Others are slower to adapt. However all of us have been forced to change outmoded ways of doing things. There comes a point in the furious technological stampede where some of those feeling trampled are the very businesses for which these advances are trying to cater. Benefits have flowed but have we reached a position where what we take out of a company report is becoming an exercise mired in time-consuming study?

Many of us have it – bits and piece of jewellery that we have collected over the years sitting in a drawer. Or maybe that someone has left for the family to distribute.