50 Years!

Marjorie Pozzan, a long term friend of the Firm, was awarded her certificate for 50 Years of membership with the CPA Australia on 17th April 2018, Schon was privileged enough to have been personally invited by Marjorie to attend the ceremony. Schon has known Marjorie for over 40 years and remembers Marjorie as the first … Continued

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IPSO FACTO TO COME INTO EFFECT SOON!

On 28 March 2017, the Australian Federal Government released draft legislation in relation to two major reforms intended to encourage turnaround, restructuring and business rescue. The main focus in this article will be on the operation of ipso facto clauses. These clauses allow one party to a contract to terminate the agreement upon the occurrence … Continued

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WHERE IS PUBLIC TRUST?

As we, as a society, continually move forward we are increasingly being confronted with images, stories, news and examples of situations where the ordinary man/woman in the street beggars for an understanding of – How could this have occurred?   Is this really real or are we just in some big game box and one day … Continued

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CONDON IN THE COMMUNITY

On Friday 9th March the drums were beating on Condon Associates office balcony and all for a very good cause.  A wonderful lady named Ruth Magodo is raising funds to send young adults to Africa in hope that they will appreciate how lucky they are to call Australia home. At the last minute Ruth was … Continued

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IS YOUR BUSINESS’S TAX DEBT UNDER CONTROL?

As originally proposed in the 2016-17 Mid-Year Economic and Fiscal Outlook, the Federal Government has released draft legislation that would allow the Australian Taxation Office (ATO) to disclose overdue tax debts to credit reporting agencies, when certain conditions are met. Public consultation on the bill and the explanatory memorandum for the bill took place from December 2017 … Continued

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PROPOSED CHANGES TO GST WITHHOLDING ON NEW RESIDENTIAL PREMISES, WHO IS MAINLY AFFECTED BY CHANGES?

Once the Treasury Laws Amendment (2017 Measures No. 9) Bill 2017 has been enacted, the responsibility for paying GST on certain real estate transactions will shift from developers to purchasers. From 1 July 2018, purchasers of new residential premises or land within a subdivision in Australia may need to remit part of the purchase price … Continued

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