Velocity Legal

Check out our latest mini-series on Restraints of Trade, now live on our podcast, Explain That by Velocity Legal: https://lnkd.in/g5GJPfdt This mini-series dives into the legal landscape of restraints of trade, exploring their enforceability, key considerations for businesses and employees, and practical insights to navigate these protections effectively. The series features Andrew Henshaw (Managing Director) and Katherine Stewart (Senior Associate), who use their expertise to clarify this complex area of law.

Could your dismissal policies put your business at risk? A recent High Court decision in Elisha v Vision Australia Limited [2024] HCA 50 has changed the landscape for employers, with significant implications for how dismissal processes are managed. Key takeaways for employers include: ➖ Procedural missteps in dismissal processes may result in claims for psychiatric injury - with damages exceeding $1.44 million in this particular case. ➖ Employment policies incorporated into contracts can expose businesses to unexpected legal risks. ➖ Dismissals must be handled in accordance with procedural fairness obligations (contractual or otherwise) to avoid costly claims. This case is a powerful reminder for employers to review their employment contracts and disciplinary procedures to safeguard against potential liabilities. Click the link below to read more about this critical decision and what it means for your organisation. https://lnkd.in/gEcT5MwR

Check out our latest mini-series on Payroll Tax, now live on our podcast, Explain That by Velocity Legal: https://lnkd.in/gfYaVuFx This mini-series covers payroll tax compliance, including in complex situations involving contractor arrangements and entity grouping. It also explores payroll tax investigations and audits sparked by data-matching technologies. This mini-series features Andrew Henshaw (Managing Director) and Rajan Verma (Director) who are payroll tax experts. Click here to listen: https://lnkd.in/gfYaVuFx

Effective 1 January 2025, Victoria's Vacant Residential Land Tax will expand state-wide to all residential properties vacant for more than six months in the preceding calendar year. Property owners must self-report such vacancies to the State Revenue Office by 15 January each year. The article below by Rajan Verma (Director) and Bryan Yeo (Senior Associate) discusses this change. It also explores the availability of exemptions - including for properties used as holiday homes or undergoing renovations. The tax rate is 1% of the property's capital improved value, calculated annually. Click the link below to read more.

We are excited to announce that Natalie Rossi has joined Velocity Legal as a Senior Associate. Natalie is an experienced litigator across areas of both commercial law and insolvency, and has a reputation for providing high quality service to her clients. Click the link below to read more.

As from 18 November 2024, there will be increases to the fees payable for probate and letters of administration applications filed in the Supreme Court of Victoria. The new schedule of fees represents a significant increase on the current fees, and will no doubt cause our executor and administrator clients some concern. The schedule is set out below for a quick reference guide. For any assistance with probate or letters of administration applications or to find out how these fee increases may impact you, please contact our Trusts & Estates team on 03 7043 3311.

Family trusts are an extremely popular method for accumulating, holding and successioning family wealth in Australia. However, the nature of the relationship between trustees and beneficiaries provides fertile ground for disputes. Legal disputes concerning family trusts have soared in recent years. Join Jennifer Maher (Director, Trusts & Estates) and I for a deep dive into the world of trust disputes (including high profile disputes, case studies, important legal principles and Q&A). This is an exclusive event for Tax Nuggets Academy subscribers. If you're not yet a member, they have a 10-day free trial that gives you access to this. Learn more. https://lnkd.in/gnd4AaNV Looking forward to guiding you through this topic. See you there!

Business owners facing insolvency are often unaware that they have a variety of options to resolve creditor claims and rescue their business. Meanwhile, advisors must navigate complex legal and financial landscapes to protect their clients. Join us for a breakfast event where our expert panelists, Demian Walton, Rajan Verma and Robert Osler will share actionable strategies for managing insolvency, including: ▶️ How to use formal insolvency processes to keep the business operations running, such as voluntary administration, creditors' voluntary winding-up, and small business restructures; ▶️ Understand “legal” phoenixing, and how it can help businesses continue operating while managing creditor claims; ▶️ Explore licensing arrangements that minimise the risk of liability associated with phoenixing activities; and ▶️ Gain insights into tax and structuring considerations that can support a successful business recovery and protect assets. This event also offers a valuable opportunity to expand your network by connecting with other business owners and professional advisors over a light breakfast. Event Details Date: Thursday, 14th November, 2024 Time: 7:30 AM – 9:00 AM Venue: 80 Collins Street, North Tower, Melbourne 3000 Spaces are limited, so please secure your place today by clicking the link below https://lnkd.in/gCuYxHku

Our goal at Velocity Legal is simple - to exceed the expectations of our clients in every conceivable way. In this interview with Australasian Lawyer, Andrew Henshaw shares how we’re doing just that. Curious to learn more? Watch the full interview here.

We're thrilled to announce that Emily O’Brien has joined Velocity Legal as a Special Counsel in our Family Law Team. Emily has extensive experience in dealing with complex parenting and property matters, including child support and family violence. Click below to read more.