What is an Independent Advice Certificate and why do I need one?
These days, borrowers and guarantors are increasingly required to obtain an Independent Advice Certificate in relation to loans. Ballantyne Law has a strong record in these documents, which need to be taken seriously.
Top 3 property law changes to start 2022
As the Queensland property market continues to boom, latest legislative reforms will affect buyers, sellers, property owners/managers and tenants. For best quality legal services across all areas of property law, contact the expert team at Ballantyne Law Group.
What issues do you need to consider when buying a business?
There are a variety of issues that need to be considered, preferably before you sign a contract. By speaking to an expert business lawyer, you can save significant stress and financial hardship, by ensuring that you get what you pay for, and in the most effective way.
Purchasing property in a Self Managed Superannuation Fund
Notwithstanding lingering uncertainty about the future of limited recourse loan arrangements for self managed superannuation funds (SMSF), acquisition of real property remains a popular investment strategy for SMSF trustees. When considering purchasing real property, SMSF trustees need to be aware of the strict rules that apply, particularly when borrowing money or when purchasing property from entities related to the fund. Given the potentially catastrophic outcomes if a SMSF is declared non-complying, trustees should ensure they obtain proper legal and financial advice before committing to a purchase.
Limited Recourse Borrowing Arrangements
Earlier this year we outlined the recommendations made by the Financial System Inquiry (FSI) in relation to limited recourse borrowing arrangements, which were that such arrangements should be prohibited (albeit existing arrangements should be maintained).
Off the plan contracts – what can go wrong
A recent decision in the Queensland Supreme Court has put into stark focus the potential risks to buyers of properties off the plan who fail to settle.
New Property Agent Scheme in Queensland
What is the new scheme? Queensland’s Property Agents and Motor Dealer’s Act 2000 (Qld) will be replaced by a new legislative regime.
Foreign Investment Review Board Update
None of us enjoys sending payment reminder notices, let alone repeatedly. If you are not being paid, Ballantyne Law Group’s Commercial Law team can help by issuing a Creditor’s Statutory Demand on your behalf.
When will we see the back of transfer duty? (Update – 19 August 2015)
The recent announcement by the South Australian Treasurer that that state would be abolishing duty on business transfers and phasing out stamp duty on commercial property transfers has brought Queensland’s inefficient duty regime into sharp focus.
