Avoiding a crime when changing trustees

In Issue 2, June 2023, of the STEP Australia Newsletter, the writer published a case note pertaining to the decision of Application of MLC Investments Limited (ACN 002 641 661) [2022] NSWSC 1541 which had, at the time, been recently determined.[1] The case discussed the relevance of a corrupt purpose to section 249E of the Crimes Act 1900 (NSW) (Crimes …

Avoiding a crime when changing trustees – Application of MLC Investments Ltd

The recent decision of Application of MLC Investments Ltd (ACN 002 641 661)1 discussed the relevance of a corrupt purpose to s.249E of the New South Wales Crimes Act 1900 (the Crimes Act). This section outlines when the giving and receiving of a benefit upon changes to ‘a person entrusted with property’ will constitute a …

Implications of COVID-19 on succession planning

Do you need to review your will in this COVID-19 climate? It is not surprising that the financial uncertainty and personal anxiety caused by COVID-19 have resulted in many people undertaking a review of their estate planning arrangements.  Generally, lawyers recommend that clients should review their wills when there is a significant change to their …

Your personal affairs

As critical as your business considerations are your personal affairs. It is an important time to take stock of your succession planning so that you and your families can feel confident that they are protected if the worst happens. WILLS AND BUSINESS SUCCESSION PLANNING Some of our clients are feeling anxious wondering whether their estate …