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 “The first thing we do, lets [replace] all the lawyers”Another day, another prediction that Artificial Intelligence (“AI”), is going to replace lawyers. As a lawyer who has been building AI for nearly 10 years it seems proper comment. In summary,...
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...
In my view, humans have the potential to always be superior to robots in contextual reasoning, lateral thinking, judgment, advocacy, and morality. This does not mean that every human is better than every robot in relation to each of those. Instead, humans as a...
Computer code underpins the technology in our modern environment. It is often a form of property, being the copyright of the authors. But besides from that, could code become its own form of separate property? Digital Assets If you write a computer program, as the...
ChatGPT is the talk of Twitter and the legal tech sphere. Everyone is posting the interesting conversations that they have had, followed shortly by predictions of how ChatGPT will replace this and that task. There are apparently hundreds of people in legal tech using...
