New penalties for SMSF trustees

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FROM 1 July 2014 a new penalty policy for trustee breaches came into existence for Self Managed Super Funds (“SMSF”). The policy, which will be administered by the Australian Taxation Office (ATO), will mean a dramatic increase in the level of fines for breaches by Trustees of DIY funds. Each year approximately 7500 of Australia’s 525,000-odd… Read more »

Australia-Canada alliance for investor visa applicants

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Levitt Robinson Solicitors has joined forces with Canada-based international law firm Cabinet Juridique 1713M to assist Asian investors wishing to participate in Australia’s Significant Investor Visa (“SIV”) scheme. The scheme, which gives residency to wealthy foreign nationals who invest $5 million in Australian government bonds or eligible managed funds, was boosted in November last year… Read more »

PRESS RELEASE: Levitt Robinson launches Palm Island Racial Discrimination class action against QLD Gov’t

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HOT on the heels of a class action against Macquarie Bank which earned one of the largest returns to investors in Australian legal history, leading class action and human rights law firm Levitt Robinson Solicitors has brought a racial discrimination claim against the State of Queensland. With prominent Palm Islander Lex Wotton as lead plaintiff,… Read more »