Abolition of NSW Duties – At Last!

Aug 31, 2016

We take this opportunity to remind everyone that as and from 1 July 2016, the following duties were abolished in New South Wales: Mortgage Duty; Marketable Securities Duty; and Business Assets Duty. Mortgage Duty Mortgage duty has been abolished on and from 1 July...

Annulment of Bankruptcy where assignment....

Aug 19, 2016

A recent Federal Court decision highlights the importance of those receiving an assignment of a debt to properly document that assignment and to lead evidence of the assignment if a dispute as to the assignment arises in legal proceedings. Assignment of debts...

Airbnb a little deflated after decision....

Aug 17, 2016

Airbnb is one of Silicon Valley’s tech darlings, a so called “unicorn” (a start-up with a $1 billion plus valuation) which arranges for short term accommodation in over 57,000 cities world wide, has more than 500,000 rental bookings each night, and...

Pre-Insolvency advisors are the PITS

Aug 12, 2016

In news ERA Legal welcomes strongly, The Australian newspaper today reported that the ATO and ASIC have raided 13 properties in connection with a crackdown on Pre Insolvency Traders (the PITs). As a start of what ERA Legal hopes is a concerted attack by regulators on...

Pre-insolvency hacks – trauma for all in....

Aug 12, 2016

ERA Legal has long championed the need for caution when dealing with unlicensed, unregistered and unregulated pre-insolvency advisors. Let’s call them the Pre-Insolvency Traders (the PITs).  We are troubled by the harm the PITS’s inflict, given the often unethical and...