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2026-27 Federal Budget Trust Properties: What You Need to Know

Background The 2026-27 Federal Budget was delivered on 12 May 2026. It introduced three reforms affecting trust properties. These apply to both testamentary and discretionary trusts. The reforms cover abolition of the 50% CGT discount, restrictions on negative gearing, and a 30% minimum tax on discretionary trust income. Each reform has a different commencement date. …

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Appearing before Justice Michael Meek in the Equity Division: what solicitors should know

Michael Meek J was appointed to the Supreme Court of New South Wales in late 2022 after more than two decades at the equity bar. 138 published judgments since. No decision overturned on appeal. Several already cited as authority by the Court of Appeal. “When you’d buy vinyl, you’d have this lovely-sized object with a …

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Trademark Infringement and Honest Concurrent Use: What Zip Co’s High Court Defeat Means for Your Business

A $3 billion company is being forced to rebrand in its home market after years of trademark infringement, and the honest concurrent use defence it relied upon has been decisively rejected by the High Court. This decision isn’t just a corporate cautionary tale; it’s a warning to any business that has ever assumed a name …

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Trust Me, You Don’t Want Your Trustee Going Broke: Set-Off and the Mutuality Trap

There is an old joke among insolvency lawyers that the only people who profit from a winding up are the liquidators. The recent decision of Brereton J in Segal v Sharma; In the matter of South West Radiology Pty Ltd (No 3) [2026] NSWSC 543, handed down on 18 May 2026, does little to dispel …

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How Children and Divorce Conflict Shapes Outcomes More Than Separation Itself

When relationships break down, many parents understandably worry about the impact of separation on their children. Research on children and divorce conflict consistently shows that the focus should not be on whether separation occurs, but on how its consequences are managed. Under Australian family law, the guiding principle in s 60CC of the Family Law …

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Bankruptcy in Australia: What It Really Means for Your Money and Future

It’s not the end of the world but it is a legal earthquake that reshapes almost every corner of your financial life for years to come. A guide to the real-world effects of bankruptcy under the Bankruptcy Act 1966 (Cth). What happens the moment you’re declared bankrupt Bankruptcy in Australia is a formal legal status …

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Generative AI in Australian Courts: Why the Federal Court’s Practice Note Gets the Balance Right

When the photocopier turned up, there was no Procedural Direction requiring disclosure that a brief had been duplicated rather than transcribed by hand. The fax machine, the word processor, email, electronic filing – each one quietly revolutionised legal practice, and each time the profession absorbed the change without requiring an entirely new regulatory apparatus. The …

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Early Inheritance Advancement Australia: The Hidden Trigger Behind Estate Battles

An early inheritance advancement in Australia has become an increasingly popular concept, particularly due to high cost of living in Australia. Parents, grandparents and extended family members may be more willing to help their loved ones by allowing an advance on accessing their inheritance. Although it sounds ideal and complication free, it introduces different concerns …

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