Self managed superannuation funds, defined benefit interest rates for 2017

Superannuation assets in aggregate were almost $2.3 trillion at the end of the March 2017 quarter and are now at an all time historical record level.

It is possible to split the superannuation entitlements of married (and de facto couples, except in Western Australia) as part of a property settlement adjustment.   Such splits need to be the subject of a Court order or a Superannuation Agreement entered into strictly in accordance with the Family Law Act.  Read the rest of this entry »

Think before you terminate!

If you are thinking of terminating a contract that is of any significance, you must obtain legal advice prior to doing so.

Too often we see people take action to terminate a contract as a result of circumstances that they consider entitle them to terminate the contract and suffer significant consequences as a result.

If you terminate a contract or attempt to terminate a contract in circumstances where you are strictly not entitled to, or do so in an inappropriate manner, the other party may be entitled to treat your termination or attempted termination of the contract as a repudiation of the contract. Read the rest of this entry »

A.I. & the legal profession – should we be afraid?

There has been significant advances in the development of Artificial Intelligence (A.I.) in recent times and a big deal made about A.I.’s impact on peoples’ jobs into the future.

So, should the legal profession be afraid? Are we going to be replaced by A.I. and our jobs become obsolete?

The short answer is no. In my humble opinion, if you subscribe to the above line of questioning, you are asking the wrong questions entirely. Read the rest of this entry »