Hi there,

As outlined below, your company will need a registered office (CORPORATIONS ACT 2001 – SECT 142), which must be a physical address (i.e. where notices can be sent). It cannot be a PO Box (CORPORATIONS ACT 2001 – SECT 100 (c)), but it can be a home address.

The requirements of a Registered Office are (CORPORATIONS ACT 2001 – SECT 144) a…[Read more]

Hi there,

As outlined below, your company will need a registered office (CORPORATIONS ACT 2001 – SECT 142), which must be a physical address (i.e. open to the public).

The requirements of a Registered Office are (CORPORATIONS ACT 2001 – SECT 144) are:

Company’s name must be displayed at registered office etc.

(1) A company must display its n…[Read more]

Hi there,

As outlined below, your company will need a registered office (CORPORATIONS ACT 2001 – SECT 142), which must be a physical address (i.e. open to the public).

The requirements of a Registered Office are (CORPORATIONS ACT 2001 – SECT 144)

Company’s name must be displayed at registered office etc.
(1) A company must display its name…[Read more]

Hi there,

Terry’s thoughts are mine too – get some good advice from a lawyer, or an accountant, who knows about structuring. Some will over service and give you a structure that might be suitable for the Packer’s, but overkill for most others.

I suggest working back from the outcome you want, to the best and most cost effective way to (a)…[Read more]

Yes, that’s right. There is no ‘agreed’ industry-wide protocol for what expenses are included, and what are excluded, so the calculation cannot be applied comparatively with accuracy.

Heck – that’s a lot of big words in one sentence. Just had my morning coffee and it shows.

:-)

– Steve

Thanks for the question, and you ask something that seems simple but is in fact very sophisticated and compelling.

Many properties have an ICR (Income Cost Ratio) which is negative (i.e. costs are higher than income), but that is due to their heavy leverage causing interest to be excessive. Other properties have higher hidden costs (such as body…[Read more]

Thanks for the question, and you ask something that seems simple but is in fact very sophisticated and compelling.

Many properties have an ICR (Income Cost Ratio) which is negative (i.e. costs are higher than income), but that is due to their heavy leverage causing interest to be excessive. Other properties have higher hidden costs (such as body…[Read more]

Thanks for the question, and you ask something that seems simple but is in fact very sophisticated and compelling.

Many properties have an ICR (Income Cost Ratio) which is negative (i.e. costs are higher than income), but that is due to their heavy leverage causing interest to be excessive. Other properties have higher hidden costs (such as body…[Read more]

Thanks for the question, and you ask something that seems simple but is in fact very sophisticated and compelling.

Many properties have an ICR (Income Cost Ratio) which is negative (i.e. costs are higher than income), but that is due to their heavy leverage causing interest to be excessive. Other properties have higher hidden costs (such as body…[Read more]

Thanks for posting the question.

It is an interesting one and, without being a lawyer or offering advice, seems to be a matter of providing a safe place for your tenant to reside. If the asbestos is unsafe in its current condition, then I it would seem logical that the owner has responsibility for removing it safely.

Of course, if the tenant was…[Read more]

Thanks Watto. You’re right. Typo fixed. :-)

Properties in regional areas tend to be more income orientated than growth orientated, but of course that is a generality, not a rule. Student accommodation is definitely an income maximisation strategy though.

Some questions I would work through:

a. Who is going to manage it, and at what cost?
b. Who is going to buy it off you? It will need to…[Read more]

Properties in regional areas tend to be more income orientated than growth orientated, but of course that is a generality, not a rule. Student accommodation is definitely an income maximisation strategy though.

Some questions I would work through:

a. Who is going to manage it, and at what cost?
b. Who is going to buy it off you? It will need to…[Read more]

Howdy ajg71. Thanks for the post.

Here’s the process to think though:

1. Are you investing for income (cashflow), or for growth returns?

2. Are you a passive or active investor?

3. What is your timeframe (investment horizon)?

4. What is your risk threshold?

5. How much deposit do you have, and what is your borrowing ability?

Answer the…[Read more]

Hi Flynn,

In the US there is what is called a 1031 like kind exchange, where you can roll a property’s realised gain in to another purchase. Australia does not have such laws, although there is capital gains tax rollover relief if you sell a business (in some circumstances).

To answer your other questions…

Is now a good time?

Well, it…[Read more]

Hi Flynn,

In the US there is what is called a 1031 like kind exchange, where you can roll a property’s realised gain in to another purchase. Australia does not have such laws, although there is capital gains tax rollover relief if you sell a business (in some circumstances).

To answer your other questions…

Is now a good time?

Well, it…[Read more]

Thanks for sharing your story. I’m really proud of you, and for you. Well done.

Blessings,

– Steve

An accounting structure summarises the way you own and control your wealth. The two options, from a high level, are: in your own name, in another entity (that you control).

The right structure is one that allows you to minimise your tax, maximise your asset protection, within the budget you have available to set it up and run it, and…[Read more]

Hi Kade,

What advice have you been given?

You could try my accountant, Mark Unwin (MJ Unwin & Associates) to see if he can help.

Just know things could change depending on who is elected and what policies they get through.

– Steve

Heck, this IS quite a story. It’s definitely one to get some legal advice on, but being a cowboy, will you be able to recover and collect anything even if you get a judgement? Is there any kind of insurance you can claim on? Government building scheme?

– Steve