Know Your Client (KYC) Requirements
Money launderers often try to use legitimate businesses to hide the source of their illegal funds. Some industries, due to the services they offer, are more vulnerable to this risk. These are known as designated services and include a range of activities in the financial services, bullion trade, and digital currency exchange sectors. The list […]
Buying Property with Friends or Family? Key Legal Considerations for Co-Ownership Agreements in NSW.
Have you found the perfect home in Hunters Hill, Bondi, or maybe the Blue Mountains, and thought about buying it with your sister, partner, or a close friend? Pooling resources to enter the property market can be a smart move but before you sign the contract, it’s important to understand the legal implications of co-ownership […]
Buying Property with Friends or Family? Key Legal Considerations for Co-Ownership Agreements in NSW.
Have you found the perfect home in Hunters Hill, Bondi, or maybe the Blue Mountains, and thought about buying it with your sister, partner, or a close friend? Pooling resources to enter the property market can be a smart move but before you sign the contract, it’s important to understand the legal implications of co-ownership […]
Cybercrime in Australia: How the Law Protects Against Malware, Fraud, and Data Breaches
As our lives become increasingly digital, so do the risks we face. A study done by the Australian Institute of Criminology in 2023 revealed that almost half of the respondents had experienced at least one type of cybercrime. These numbers are only growing by the year, with Forbes reporting a staggering 72% global increase in […]
Doctors’ Professional Indemnity Insurance in Australia: Legal Framework, Scope of Cover, and When Protection May Cease
Professional indemnity insurance (PII) is not just a prudent safeguard for doctors; in Australia, it is a compulsory requirement for any medical practitioner engaged in activities related to patient care or the provision of medical opinions. The Medical Board of Australia, acting under the Health Practitioner Regulation National Law (the “National Law”), sets out strict […]
Understanding Coercive Control and Economic Abuse under Section 4AB of the Family Law Act
Under Section 4AB of the Family Law Act 1975[1], the Australian legal framework specifically addresses coercive control as a form of abuse in the context of family law, especially within domestic violence and family violence cases. Section 4AB acknowledges that coercive control can be a form of family violence and includes behaviours that might not always involve physical […]
Understanding Testamentary Trusts: What They Are and Why You Might Want One
So, you’re planning your will. Maybe you’re thinking about how to protect your kids, your partner, or that cousin who’s terrible with money. Or maybe you’re just trying to avoid your estate turning into a courtroom drama. Enter: the testamentary trust. It might sound like legal jargon you’d rather ignore, but this little feature could […]
Signing a Contract? Here’s What “Good Consideration” Actually Means
So, you’re about to sign a contract whether that be for a job, a business deal, or a generous gift to a charity. But before you put pen to paper, here’s a crucial concept that might come up which can make or break the enforceability of that agreement: consideration. More specifically, good consideration. But what […]