News & Articles

February 5, 2016 BY Rockliffs Lawyers

Changes to Vendor’s right of rescission under a Sunset Clause in Off-The-Plan Contracts

On 17 November 2015, the NSW Government passed the Conveyancing Amendment (Sunset Clauses) Act 2015. The legislation was the result of recent reports of Vendors exercising their contractual rights to rescind Off-The-Plan Contracts by the purposeful manufacture of delays to trigger... [Read More...]

January 29, 2016 BY Rockliffs Lawyers

What is Capacity in a legal context?

In a legal context, capacity is the term used to refer to an adult person's ability to make a decision for themselves. The presumption is that every adult has the capacity to make decisions, which normally includes the ability to:... [Read More...]

January 22, 2016 BY Rockliffs Lawyers

Beware of “Free Will” from the Public Trustee

Many people are lured into the Public Trustee (NSW Trustee and Guardian) drafting a Will for them for free. The Public Trustee does not charge for drafting a Will, if you are on full Centrelink Age Pension benefits, and in doing... [Read More...]

October 22, 2015 BY Rockliffs Lawyers

Are lump sum superannuation death benefits subject to tax?

What is a lump sum death benefit? A superannuation death benefit is a benefit paid to a dependant beneficiary from a superannuation fund after the member has died. This can be paid as either a superannuation income stream or a lump... [Read More...]

BY Rockliffs Lawyers

Distribution of the Income of a Trust

Distribution of income of a trust raises issues for all tax lawyers and accountants alike. What is most important is to first assess the type of income, receipts, credits, discounts and notional amounts a trust is likely to receive. If... [Read More...]