Archives: faqs

Frequently Asked Questions

What is insolvent trading?

5-April-2016 By admin

Insolvent trading is a criminal offence in Australia. This is where a business incurs debts knowing they will not be able to pay these debts as and when they fall due. Insolvency is a serious issue. To knowingly trade insolvently is illegal. If you...

What is a Statutory Demand?

By admin

A Statutory Demand is a demand made under 459E of the Corporations Act. This document is not issued by the Court. Failure to comply with a Statutory Demand or to apply to the Court to set it aside, will result in the company being...

What is a Letter of Demand 222AOE Notice?

By admin

Are you prepared for a letter of demand to directors from the Australian Tax Office - 222AOE Notices? Directors may become personally liable for tax debts of their companies in which they are directors if they fail to comply with the terms of...

What are Commercial Litigation Lawyers?

By admin

A Law Society Accredited Specialist is a lawyer with at least five years relevant practice in the specialist area of law. What is a commercial litigation attorney & What does a commercial litigator do? As part of the rigorous accreditation process,...

Insider trading definition

By admin

Insider trading occurs when a person takes advantage of information that is not public and gains a benefit in the trading of stocks or shares. See also Insider Trading blogposts Insider trading stock tips at family reunion What is insider...

What is fraud?

By admin

At its essence, Fraud is theft by deception. Often it is an abuse (or use) of a relationship. Fraud is not limited to any particular jurisdiction and can occur in commercial, industrial, insurance, family and personal contexts.  Generally...

Will there be a jury if my divorce or child custody case goes to trial?

By admin

No. Jury trials are not held in the Family Law jurisdiction. See Family Law case examples on the Family Law...

Why should I have a written agreement about child custody?

By admin

After divorce or separation, it is advisable to have a written agreement concerning who the child will live with and what time they will spend with the other parent. In Australia, a written agreement is called a Parenting Plan. The Parenting Plan...

Why is Family Law litigation so expensive?

By admin

Family court litigation is expensive because of a number of factors: (a) Firstly the process – the parties are required to participate in alternative dispute resolution and comply with the Court Rules requiring preparation of documents and evidence...

Why do I have to give all my financial documents to my ex-partner?

By admin

Many divorcing couples are hesitant when asked to give their financial documents to their ex-partner. This can include tax returns and many bank account statements. The reason behind it is the requirement for "Full and Frank Disclosure". Family Law...