The new online world of our clients

Abstract:This video covers: Where are online transactions completed? Broad consideration of residency in the corporate and noncorporate context How to effect payments Signing documents online....

AI Hallucinated Citations Have Been Used In a UK Tax Case

AI hallucinated citations have been used in a UK tax case. The headnotes promise a wild ride “appellant relied on case law which could not be found on any legal website – whether cases generated by artificial intelligence such as ChatGPT – yes, case law invented...

ATO Decentralised Finance And Wrapping Crypto

On 9th November 2023 the ATO has released web guidance in relation to decentralised finance and wrapping crypto transactions. I presented the below example over a year ago at seminars for The Tax Institute, private clients, and in submissions to Treasury. The ATO has...

ChatGPT For Lawyers

This article was posted to https://bulletin.lawsocietysa.asn.au/Bulletin/Content/Articles/2023/May/will_chatgpt_replace_all_lawyers.aspx  ChatGPT For Lawyers “The first thing we do, lets [replace] all the lawyers”Another day, another prediction that Artificial...

Why I Hate Your Sub-Trust

There is a certain type of sub-trust over income that many trust deeds purport to create, and which the Federal Commissioner purports to allow. This is where a trust is established over the income distributed from another trust. This is problematic for the reasons...
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