Are you also confused about the question in the picture? In this article, we’ll break down the ATO’s definition of tax status and answer these questions one by one. The Foreign Resident Capital Gains Withholding (FRCGW) rules apply to all Australian property transactions and determine whether buyers need
Fairfax Media Publications Pty Ltd v Voller [2021] HCA 27 Court: High Court of AustraliaDate of Decision: 8 September 2021 Facts: Dylan Voller, the respondent, was a well-known figure in Australia due to his treatment in juvenile detention, which was widely publicized. Several media companies, including Fairfax Media Publications Pty Ltd, Nationwide
Conducting a property conveyancing in Australia involves complex tax rules, with the Foreign Resident Capital Gains Withholding Clearance Certificate being one of the key documents that property sellers must focus on. Last year the Australian Government passed significant changes to the rules governing foreign resident capital gains withholding (FRCGW) for
Cheung v Commissioner of Taxation [2024] FCA 1370Court: Federal Court of AustraliaDate of Judgment: 29 November 2024 Facts The applicant, Mr. Lin Jum Cheung (referred to as “Rene”), a resident of Australia, received approximately $33 million in deposits from Vanuatu bank accounts into his Australian accounts between the 2005 and 2015 income
With the continuous improvement of global transportation infrastructure, cross-border e-commerce has experienced rapid growth. In recent years, the share of Chinese sellers in the global cross-border e-commerce market has been steadily increasing. Between 2012 and 2016 alone, China’s cross-border e-commerce market expanded from 293.7 billion RMB to 1.28 trillion RMB.
Westpac Banking Corporation v Forum Finance Pty Limited (in liquidation) [2024] FCA 1176 Court: Federal Court of AustraliaDate of Judgment: 11 October 2024 Facts: This case arises from a massive fraud scheme orchestrated by Mr. Bill Papas, CEO of Forum Finance Pty Limited (Forum Finance), in which three financial institutions—Westpac, SMBC Leasing,
Over recent years, the legal industry has been undergoing a major transformation due to technological developments and innovations. Legal Tech Companies driven by new technology are disrupting the market landscape led by Traditional Law Firms. In the legal industry, the form of data is text-based, and the vast majority of it is based
Background On November 21, 2024, Chief Justice A.S. Bell of New South Wales issued Practice Note SC Gen 23, providing specific directives and regulations on the use of generative artificial intelligence (Gen AI) in legal proceedings within New South Wales. This Practice Note took effect on February 3, 2025, aiming to regulate the
In today’s wave of globalization sweeping across all industries, Chinese law firms are standing at a crucial crossroad: should they proactively go global to embrace new opportunities, or passively stay local? According to data from the Ministry of Justice of China, compared to 2018, the number of overseas branches of
— Common Pitfalls and How to Effectively Avoid Them In the process of a real estate transaction, the contract is not only a legal safeguard but also the core document ensuring the smooth progression of the deal. However, many purchasers and vendors often overlook the hidden risks in it, leading
In the fast-paced world of business, financial disputes can arise at any time, and if not managed properly, they can quickly become complex legal challenges. Business disputes commonly involve: Contract Disputes: Issues related to contract terms, breach, or interpretation. Payment Disputes: Disagreements over unpaid or late payments for goods or
Background The plaintiff Di Wu applied to strike out the defendant Ke Yin’s defence and sought summary judgment. Wu alleged that Yin failed to exchange USD $600,000 for RMB Y3,966,000 as agreed. Wu obtained a judgment against Yin in a Chinese court for RMB Y3,510,015, which Yin refused to pay.
