We are going to consider trustees right of reimbursement for cost of legal fees incurred, legal professional privilege of the trustee, rights of beneficiaries to obtain copies of legal advice obtained by the trustees and fiduciary duties of the trustee. This will be...
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...
