Recently, we celebrated National Family Business Day; with so many of our clients, partners and friends at Rankin Business Lawyers running family businesses, we wanted to give these guys a special shout out. You can feel it when it’s a family business: it’s in the way they greet you by name, the pride they take [...]
BackgroundPresent entitlements are rights that a beneficiary of a trust has to share in the trust’s income. The two defining features of a present entitlement over trust income are that the beneficiary:• has an indefeasible and vested interest in the relevant trust income; and• has an equitable right to demand payment of the relevant trust [...]
If you are sued in another State or Territory in Australia it is possible to apply to have the proceeding heard in a more convenient jurisdiction to you. In a recent hearing before the District Court of NSW, Rankin Business Lawyers was successful in having proceedings filed against its Victorian client stayed (and in effect [...]
The Privacy and Other Legislation Amendment Bill 2024 (“the Bill”) was finally introduced after a four-year review of the Privacy Act 1988 (Cth). While not all the “agreed” or “agreed in principle” amendment proposals are adopted and included in the Bill, this Bill is just the first tranche of the reforms - more is yet [...]
