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Archive for the ‘Legal Series’ Category

2014 Planner Lounge Financial Planner Survey

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We recently conducted the inaugural 2014 Planner Lounge Financial Planner Survey. What came back took us all here at Planner Lounge by surprise. Some of us were a bit shocked to be honest. We sent the survey out to 16,000 Financial Planners in Australia asking what is (more…)

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Warning: Do not lend SMSF money to members

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   Though there are many rules to follow while running a self-managed super fund (SMSF), Section 65 (Loan to members and their relatives) may be the most commonly breached.   The superannuation legislation prohibits the fund from providing loans or financial assistances to members of the fund (more…)

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A common SMSF breach and how to avoid it

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The question often arises whether the SMSF is allowed to enter into a transaction with a member or a related party. This is a question that is of great concern to the ATO as it is also one of the most commonly breached areas of SMSF operation. (more…)

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Do you have any South African clients

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CLAIM LOST MONEY IN SOUTH AFRICA   Emigrating from South Africa doesn’t mean loosing your birthright or citizenship. The benefits, however, are numerous; you qualify to with draw your South African based retirement annuities before age 55; your South African source inheritance and t rust benefits can (more…)

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Good Leaver Bad Leaver Clause Video

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions Good Leaver Bad Leaver Clause See More Legal Videos – Click Here

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Stamp Duty Video

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089     Video produced by Plannerlounge Productions Stamp Duty See More Legal Videos – Click Here                  

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Warranties Video

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   Warranties See More Legal Videos – Click Here

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Heads of Agreement Video

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   Heads of Agreement See More Legal Videos – Click Here

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Restraint of Trade

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   Restraint of Trade See More Legal Videos – Click Here

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Bringing in an Equity Partner

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   Bringing in an Equity Partner See More Legal Videos – Click Here

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Deferred Payments / Clawbacks

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   Deferred Payments or Clawbacks See More Legal Videos – Click Here

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GST implications when buying or selling

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 Video produced by Plannerlounge Productions   GST implications when buying or selling See More Legal Videos – Click Here

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Drag Along Tag Along Rights Video

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www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 3089 COMING NEXT WEEK – GST IMPLICATIONS   Video produced by Plannerlounge Productions   Drag Along Tag Along Rights See More Legal Videos – Click Here

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Buying or Selling a Practice – Legal Series (8 Videos)

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Drag AlongTag Along Rights  Good Leaver Bad Leaver Clause Deferred Payments or Clawbacks Bringing in an Equity Partner Restraint of Trade Heads of Agreement Warranties Stamp Duty   www.growthfocus.com.au Sydney   (02) 8090 6586    Perth    (08) 6102 1483   Melbourne  (03) 9010 6202   Brisbane    (07) 3040 (more…)

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Managing the Risky Business of Advice

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Managing the Risky Business of Advice By Geoff Davey The planner and client share a common interest: neither one wants the relationship to end unhappily. Sloppy risk processes make planners vulnerable to claims by unhappy clients. It can be all too easy for a client who has (more…)

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Are you anxious about the integrity of the risk profiling you use with clients ?

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For Advisers in Australia Only To request your complimentary risk profile assessment click below If the assessment quiz is five to ten questions that link to an asset allocation; then you have every reason to be concerned. A chunk of the questions relate to the clients’ financial (more…)

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Warranties – Buying or Selling a Practice (Legal Series)

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Contact details Sydney   (02) 8090 6586 Perth   (08) 6102 1483 Melbourne   (03) 9010 6202 Brisbane   (07) 3040 3089

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Legal Series : Indemnities when selling a Financial Planning Practice.

Legal Podcast Series : Indemnities when selling a Financial Planning Practice Steven Fine from FP Exchange talks to Martin Checketts on indemnities when selling a Financial Planning Practice. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from (more…)

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Legal Series : Drag along and tag along rights

Legal Podcast Series : Drag along and Tag Along Rights Steven Fine from FP Exchange talks to Martin Checketts on exactly what drag along and tag along rights are. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine (more…)

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Legal Series : Gst and Stamp Duty Implications When selling a Practice

Legal Podcast Series : Gst and Stamp Duty Implications When selling a Practice Steven Fine from FP Exchange talks to Martin Checketts on Gst and Stamp Duty Implications When selling a Practice. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 (more…)

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Legal Series : Good Leaver, Bad Leaver Clause

Legal Podcast Series : Good Leaver Bad Leaver Clause Steven Fine from FP Exchange talks to Martin Checketts on bringing in a partner and the good leaver, bad leaver clause. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from (more…)

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Legal Series : Business Sale Warranties

Legal Podcast Series : Business Sale Warranties Steven Fine from FP Exchange talks to Martin Checketts on Business Sale Warranties For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from FP Exchange on the (02) 8090 6586 FP Exchange – (more…)

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Legal Series : 3 Most common reasons a business sale comes unstuck

Legal Podcast Series : 3 Most common reasons a business sale comes unstuck Steven Fine from FP Exchange talks to Martin Checketts on the 3 Most common reasons a business sale comes unstuck For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 (more…)

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Legal Series : 5 key principles for succession planning

Legal Podcast Series : 5 Key Principles for Succession Planning Steven Fine from FP Exchange talks to Martin Checketts on 5 Key principles for succession planning. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from FP Exchange on (more…)

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Legal Series : Three tips and Traps for bringing in a partner

Legal Podcast Series : 3 tips and Traps for Bringing in a partner Steven Fine from FP Exchange talks to Martin Checketts on tips and traps for bringing in a partner.. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 (more…)

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Legal Series : Succession Checklist Interview

Legal Podcast Series : Checklist for Succession Steven Fine from FP Exchange talks to Martin Checketts on the the important elements of a succession plan not to forget. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from FP Exchange on (more…)

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Legal Tip : Stamp Duty Issues when Buying or selling a practice

Stamp duty When buying a financial planning business or client register, remember that stamp duty may be payable depending on the State or States in which the clients reside (and other factors). In certain States, such as New South Wales, stamp duty is payable on the acquisition of (more…)

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Selling a Practice ? The deferred Payment

THE DEFERRED PAYMENT When selling a financial planning business or client register, it is common for some part of the sale price to be deferred and adjusted based upon the amount of the recurring revenues received by the buyer in (usually) the period of 12 months following (more…)

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Selling a Financial Planning Practice : Limit your liability

Limit your liability Sellers of financial planning businesses should expect to give Warranties to the buyer in the sale agreement.  Warranties are contractual representations about the business and its assets, and relate to matters such as (a) compliance with laws; (b)accurate record keeping; and (c) absence of litigation or (more…)

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Restraint of Trade in Financial Planning

Restraint of trade terms in the financial planning industry It’s confidential : restraint of trade terms can limit the activities of departing employees Businesses should closely analyse their agreements to ensure that they are drafted to reflect the manner in which their business and key personnel are expected to operate. A (more…)

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Bringing in a Minority Shareholder

Bringing in a minority shareholder or planning an exit The last thing people want to think about is the worst-case scenario of a partnership or succession plan gone wrong. Worst Case scenarios or addressing how to handle unforeseen events are too often overlooked in the excitement of (more…)

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Poor tax structuring advice can cost business owners on exit.

Martin Checketts 03 9605 0999 www.fpexchange.com Steven Fine 1300 553 438 or 0414299153 Poor tax structuring advice can cost business owners on exit. Business owners and their advisers often do not give thought to the tax treatment of the sale.  In particular, they do not calculate the after tax (more…)

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Key Legal Issues when Selling a Financial Planning Practice

Key Legal Issues when selling a Financial Planning Practice The decision to sell your financial planning practice is often the culmination of, literally, a lifetime’s work. When selling, your imperatives must be to maximise value and minimise risk. Some of the key legal issues which arise when selling a financial (more…)

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Legal issues when Buying a Financial Planning Practice

Steven Fine from FP Exchange talks to Martin Checketts on indemnities when selling a Financial Planning Practice. For more specific information on this topic call Martin Checketts Partner at Mills Oakley T: 61 3 9605 0999 or Steven Fine from FP Exchange on the (02) 8090 6586 Legal issues when buying a Financial (more…)

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Financial Planning practice and Legislation Quiz

Test Yourself An interactive online Quiz that tests your general knowledge in financial planning practice and legislation. Will you get over 80% ? Individual Results Not stored – For your use only First Name Last Name Email Company Comments / Questions Click Submit and the Online Quiz (more…)

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