Marcus Legal

🐰🌷 Happy Easter from Marcus Legal! Wishing you a day filled with joy, blessings, laughter, and lots of chocolate eggs! 🐣✨

Happy Valentine's Day from Marcus Legal! 💼💌

Love is in the air... and so are legal documents! 📜❤️ Whether you're saying "I do" or "I object," we've got you covered. 😄💍 Our team is here to turn your legal matters into love letters... or at least make them less daunting than a bad breakup! 😉💔

Remember, if your heart skips a beat, call us! We specialise in handling all kinds of affairs – both romantic and legal. 💑💼

The team at Marcus Legal wish you a very Merry Christmas and a Happy New Year for 2024!

Tax, Corporate Law & Trusts Update | Are you considered as a Foreign Investor in Australia? If so, new reporting obligations for foreign investors are expected to commence on 1 July 2023.

You should be aware that:

- Interests in a broad range of Australian assets must be registered, including commercial land of any value, business acquisitions and other assets irrespective of whether FIRB approval is needed.

- There are significant penalties for failing to register an acquisition within 30 days of up to 250 penalty units (currently $68,750) per day.

- Foreign investors and their representatives will need a myGovID to use the ATO’s Online Services for registration of interests.

- The ATO proposes to remove access to most of its online forms from 17 June until 26 June in preparation for the new portal.

Find out more here: https://www.ato.gov.au/General/Foreign-investment-in-Australia/Register-of-Foreign-Ownership-of-Australian-Assets/

Contact Marcus Legal if you require legal assistance or advice: https://www.marcuslegal.com.au/

🔍⚖️ There are many reasons why Australian Company Directors should be aware of directors duties! 📚💼

As a company director, understanding your legal obligations is crucial for responsible and effective corporate governance. At Marcus Legal, we're here to help you navigate the complexities of directors' duties.

Here's 4 reasons why you should be aware:

1️⃣👥 Fiduciary Duties: Directors owe fiduciary duties to the company and its stakeholders. This includes acting honestly and in good faith, avoiding conflicts of interest, and acting in the best interests of the company. By being across these duties, directors can uphold ethical standards and build trust among shareholders and stakeholders.

2️⃣🔒 Minimize Legal Risks: Directors who are aware of their duties can effectively manage legal risks. By exercising care, skill, and diligence in their decision-making, directors can minimize the potential for personal liability and safeguard the company's interests. Seeking legal advice when needed ensures compliance with laws and regulations, protecting both directors and the business itself.

3️⃣📚 Strategic Decision-Making: Understanding directors' duties empowers you to make informed and strategic decisions. By considering the long-term impact of your actions, including financial, environmental, and social consequences, you can steer the company towards sustainable growth and enhance its reputation in the marketplace.

4️⃣🌐 Compliance and Accountability: Directors play a critical role in ensuring compliance with laws and regulations. By staying informed about legal obligations, such as financial reporting, privacy laws, and workplace safety regulations, directors can uphold transparency, accountability, and regulatory compliance within the organization.

📞💼 Need Advice? Contact Marcus Legal today for comprehensive assistance and advice on directors' duties. Our experienced team will guide you through your legal obligations, provide tailored solutions, and help you navigate complex corporate issues with confidence.

🏙️⚖️ With our team of experienced lawyers, we're here to provide you with the legal guidance and support you need to conquer any legal hurdle. We're equipped to handle a wide range of legal matters, providing you with comprehensive and reliable advice and advocacy. 💼💡

The Personal Property Securities Act (PPSA) is a Commonwealth law that establishes a national system for registering security interests in personal property, such as inventory, equipment, and vehicles. Here are 3 practical reasons why Marcus Legal thinks managers and business owners should be aware of it:

1️⃣ To Protect Your Assets: By registering security interests in your business assets, you can protect them from being seized by creditors or other parties in case of insolvency, bankruptcy, or default.

2️⃣ To Secure Financing: Lenders and other creditors are required to check the PPSA register to ensure that the collateral they are taking as security is not already encumbered by other security interests. By knowing how the PPSA works, you can navigate the registration process and increase your chances of obtaining financing on favorable terms.

3️⃣ To Comply with Regulations: The PPSA imposes strict rules and requirements for registering security interests and enforcing them in case of disputes. Failure to comply with these rules can result in serious legal and financial consequences for your business.

Don't wait until it's too late to learn about the PPSA! Contact Marcus Legal to ensure that your business is protected and compliant with the law.

🔒⚖️ Don't Let Courts or Legal Issues Scare You! Contact Marcus Legal today to see how we can help! 📚📞

Facing the courts or dealing with legal hurdles can be a daunting experience, but you don't have to face it alone. At Marcus Legal, we're here to provide the support and expertise you need to overcome any legal challenge with confidence.

Legal issues can be a maze, and trying to navigate them alone can be like getting lost in the city. Our experienced lawyers will help you find the right path and get you where you need to go 🏙️🗺️

📄 Contracts are a crucial aspect of any business, but they can also be a source of frustration, delay and conflict.

At Marcus Legal, we help entrepreneurs and businesses tackle common issues that can arise during contract negotiations.

Here are our Top 5 common contract issues that we frequently see when assisting clients:

1️⃣ Complex and confusing language leading to disputes and misunderstandings
2️⃣ Disagreements over pricing and payment terms
3️⃣ Liability and risk clauses needing to be managed properly to avoid potential losses
4️⃣ Unfair or one-sided contract terms
5️⃣ Dispute resolution procedures, ensuring a clear path forward in case of disputes.

Don't let contract issues derail your business or project - contact us today for expert legal guidance and a smooth negotiation process.

Buying a house is a huge investment. That’s why it’s important to have a lawyer guide you through the process and ensure everything runs smoothly.

Our team of expert lawyers are here to make sure your property transaction is stress free.

Contact us today to help you with your next property transaction - E: [email protected]

Navigating the legal landscape of running a project or business can be tricky. That’s where a lawyer comes in. With their expertise, they can guide you and ensure that your endevours stay in the right path. Don’t hesitate to contact us to help you out. Link in bio 👆🏽

The team at Marcus Legal wishes you a Happy Easter. May this Easter be filled with peace and joy.

Immigration Law Update |

International students who complete a degree in a skill shortage area will be given an extra two years to stay in Australia after graduation.

Post-study work rights for select degrees in areas of verified skill shortages will be increased from:

• Two years to four years for select Bachelor degrees
• Three years to five years for select Masters degrees
• Four years to six years for all doctoral qualifications.

The Government has also announced an increase to the working hour cap for international students, from 40 to 48 hours per fortnight

Extended post-study work rights for international graduates - Department of Education, Australian Government From 1 July 2023, international higher education graduates with eligible qualifications will be granted an extra two years of post-study work rights. The allowable work hours cap for international students will be increased from 40 hours to 48 hours per fortnight.

Marcus Legal wishes you a Merry Christmas and Happy New Year for 2023!

Marcus Legal wishes you and your family a Merry Christmas and Happy New year !

Corporate Law update | Australian Company Directors are now required to apply for a Director Identification Number (DIN).

The Australian Government has implemented a modernisation of the register of Directors of Australian companies. Australian company directors are now required to apply for a DIN.

The DIN is a 15 digit identifier given to a director (or someone who intends to become a director) who has verified their identity with the Australian Business Registry Services (ABRS). Directors will only ever have one DIN. It will operate similar to a tax file number.

The cut off dates for applying for a DIN are listed below:

- Existing Directors - by 30 November 2022

- Directors appointed between 1 November 2021 and 4 April 2022 - within 28 days of appointment as a Director

- Directors appointed from 5 April 2022 - Before appointment.

You can apply at the ABRS website: https://www.abrs.gov.au/director-identification-number/apply-director-identification-number

Apply for your director ID | Australian Business Registry Services (ABRS) You need to apply for your own director ID. The fastest way to do this is online using the myGovID app.