Understanding Anti-Money Laundering Regulations in Conveyancing 2026
What is AML in Conveyancing? From 1 July 2026, Anti-Money Laundering (AML) regulations will introduce an additional compliance step that conveyancers must perform. These laws are designed to detect and prevent financial crimes, including money laundering and the funding of terrorism. As part of this initiative, conveyancers will be required to implement new procedures and […]
SMSF residential property borrowing: a short window before the new LRBA rules commence
The Treasury Laws Amendment (Tax Reform No. 1) Act 2026 has now received Royal Assent. The Act includes a new restriction on SMSF borrowing arrangements involving real property. Once the new rules commence, an SMSF will generally no longer be able to use a ( LRBA to acquire ordinary residential investment property. Note: This bulletin […]
Supreme Court Ruling Highlights Need for Effective Estate Planning
Supreme Court Decision Reinforces Importance of Estate Planning At Hill Legal, we frequently encounter concerns from will-makers and advisers regarding the potential for adult children to contest an estate if they are not included in a will. A recent Supreme Court decision from Tasmania provides a timely and reassuring answer to this concern, highlighting the […]
When Love, Location and Legacy Collide: Lessons from a Cross-Border Estate Dispute
A recent Supreme Court of New South Wales decision has highlighted just how complex estate administration can become when modern relationships and international lifestyles collide. At Hill Legal, we see this case as a timely reminder that estate planning today is no longer just about having a Will in place. It is about understanding how […]
Common Misconceptions Keeping Clients from Estate Planning
Why Clients Avoid Estate Planning: Common Misconceptions After five years of collaborating with advisers, accountants, and lawyers across hundreds of practices, a clear pattern emerges: many clients consistently avoid estate planning. They delay, postpone, and ultimately never commit to the process. The reasons for this reluctance are often similar, including beliefs such as “my affairs […]
Power of Attorney Abuse Lessons from Ronald James Smiths Case
The Devastating Consequences of Power of Attorney Abuse Ronald James Smith, at the age of 86 and facing the early stages of dementia, believed he was making a prudent decision by granting his second wife, Joyce, an enduring power of attorney in January 2008. However, what unfolded next resembles a financial thriller, with real victims […]
Buying Property in Victoria Subject to Finance Pros and Cons Explained
Should I Buy “Subject to Finance” in Victoria? When purchasing property in Victoria, the option to include a “Subject to Finance” clause in your offer can be a significant consideration. This clause can provide essential protection for buyers, particularly if your financing has not yet been fully approved. However, it is important to weigh the […]
Understanding the Importance of Zoning Certificates in Real Estate Transactions
Understanding Zoning Certificates A zoning certificate, often referred to as a 10.7 Planning Certificate, is an essential document that provides critical information regarding the planning restrictions and development potential of a specific parcel of land. For anyone involved in real estate transactions, understanding the nuances of obtaining a zoning certificate is vital. Recognizing its importance […]
Banning Foreign Purchases of Established Dwellings: What You Need to Know
At Hill Legal, we’re committed to keeping you informed about the latest legal developments in Australia. Recently, the Australian Government announced significant changes to foreign investment rules concerning established dwellings. Here’s what you need to know about these changes and how they might affect you. On 16 February 2025, the Government revealed a temporary ban on foreign […]
Property Depreciation in Australia: Tax Benefits, Calculation Methods, and Importance
Unlock the secrets of property depreciation in Australia with our guide. Learn how to maximize tax benefits, improve cash flow, and manage assets effectively. Contact Hill Legal at 03 5976 6500 for expert advice.
