We are going to examine the nature of a wagering contract and the contractual and taxation implications of each stage of the contract. Overall this is with a mind to considering whether the best characterisation cryptocurrency is as the game of chance upon which...
Manning v Purcell – Whether a gift in a Will of “money” includes the chose in action between banker and customer. With Foley v Hill we have seen the classic position that money deposited with a bank is no longer money but is instead a chose in action...
The session will explore the interaction of set-off under the Corporations Act 2001 (Cth) and at general law and equity in insolvency. Specifically, it will examine whether s 553C of the Corporations Act exclusively governs set-off in insolvency, excluding any...
No, you don’t have money in the bank. And not just because you spent it all. What you actually have is a chose in action between banker and customer. Unless of course your bank consists of little more than a locked box in which to store your loot. Foley v Hill...
This is the sign you were waiting for to come to Tax Training! For the last 2 years the overarching theme has been trust distributions and the nature of a beneficiary’s interest in a trust. For now we have explored the matters of interest. Therefore we will be...
Today we explored whether a separate trust had been established under Oswal. Â Notwithstanding the occurrence of CGT Event E1 the Court does not appear to have held that there is a separate for trust law purposes. Â This accords with the famous paragraph 48 in Buckle...
