This week we examine the legal character of foreign currency and what it means to treat something as “money” under the GST regime, through the High Court decision in Travelex Ltd v Commissioner of Taxation [2010] HCA 33. The case explores the tension between the...
This session continues our examination of how the law distinguishes between money, money-like instruments, and non-monetary forms of value. Through five historically and doctrinally significant cases, we will explore the boundaries of what constitutes money for legal...
This session continues our examination of how the law distinguishes between money, money-like instruments, and non-monetary forms of value. Through five historically and doctrinally significant cases, we will explore the boundaries of what constitutes money for legal...
This week we examine the tension between legality and necessity through three constitutional and commercial law decisions—Thorington v Smith (1869), Madzimbamuto v Lardner-Burke (1969), and Ontario Bank v Lightbody (1834)—to better understand how money, payment, and...
In this session we will consider the meaning of “payment” under s 12-35 TAA, particularly whether the use of one entity’s funds to discharge another’s wage obligations creates a PAYG withholding liability. The reasoning in CLK Kitchens is clear: it is not the source...
This week we will return to the tension between the trustee’s right of indemnity and the interest of the beneficiary in the trust fund. This will be viewed through the lens of the entitlement of a former trustee to be indemnified out of trust assets. The...
