About Katherine Lam

This author has not yet filled in any details.
So far Katherine Lam has created 21 blog entries.

The importance of structuring charitable bequests

In our April bulletin we discussed some of the implications for charitable bequests where the named charity to receive a benefit under a will had ceased to exist after the testator's death because it had been wound up after transferring most of its assets to another charity.  In that case the [...]

2020-06-29T11:00:46+10:00June 29th, 2020|

Traps in hyperlinking documents for meeting purposes

Background A recent decision of the Federal Court has focussed heavily on electronic communication with company members and the use of hyperlinks for accessing documents and the implication of those for meeting arrangements[1]. The Australian Computer Society Incorporated (ASC) is an incorporated association with objects to promote information and communications technology [...]

2020-06-29T11:00:35+10:00June 29th, 2020|

COVID ancillary fund guideline changes

In expectation of a marked decrease in community charitable giving following the COVID 19 economic downturn, the government introduced amendments to public and private ancillary fund guidelines with effect from 12 June 2020. Currently, public ancillary funds are required to distribute at least 4% of the value of their funds annually, while [...]

2020-06-29T11:00:27+10:00June 29th, 2020|

Government amends Corporations Act to provide temporary practical COVID relief to companies

With effect from Monday 5 May 2020, the Treasurer amended certain provisions of the Corporations Act 2001 (Cth) (Corporations Act) to provide companies with welcome flexibility in how they may hold their meetings and execute documents electronically whilst individuals are subject to social distancing mandates. The amendments will operate for 6 [...]

2020-06-29T11:00:17+10:00June 29th, 2020|

Court confirms Celeste Barber’s bushfire fundraising campaign limited to terms of named fund

During the devastating bush fire crisis which occurred over the summer of 2019-2020, the famed comedian Celeste Barber posted a desperate plea on Facebook for donations to assist with the bush fires.  Her post included a photo showing flames approaching her in-law's property and named the public appeal "Please help anyway [...]

2020-06-29T11:00:02+10:00June 29th, 2020|

Potential national reforms for Enduring Powers of Attorney

Background The Federal Attorney-General Department released a consultation regulation impact statement (RIS) a few days ago which considers options for reform to Enduring Powers of Attorney (EPOAs) on a national basis. The RIS considers options for streamlining access to information about EPOAs all with the intention of reducing uncertainty regarding whether [...]

2020-03-11T09:42:39+10:00March 10th, 2020|

When will the Court assist the family trust?

Application of Country Road Services Pty Ltd (in the matter of the Browne Family Trust) [2019] NSW SC779 The Trustee Act 1925 (NSW), similar to most Trust Acts in Australia, allows the trustee of a family trust to approach the Court for an order that the trustee has the necessary power to undertake [...]

2020-03-11T09:42:48+10:00March 10th, 2020|

Executors: seeking commission for your “pains and troubles”

Background Acting as the executor of a deceased estate can be time-consuming and onerous. In the majority of cases, the person appointed as executor is a family member (and often also a beneficiary of the estate) and is happy to take on the role without seeking any payment for their time [...]

2020-03-11T09:42:59+10:00March 10th, 2020|

AICD’s 2019 governance principles revamp and governance performance study

Introduction The final report of the Royal Commission into Institutional Responses to Child Sexual Abuse in 2017[1], along with the recently-released interim report of the Royal Commission into Aged Care Quality and Safety and press reports of the Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability in [...]

2019-12-19T09:34:46+10:00December 18th, 2019|

Incorporated Association Reform

In late November 2019 the Associations Incorporation and Other Legislation Amendment Bill 2019 was introduced into the Queensland Parliament. It will apply to some 22,000 incorporated association as well as some 3,200 ACNC charities that are also registered under the Queensland Collections Act for fundraising purposes. It will finally relieve Queensland [...]

2019-12-19T09:34:33+10:00December 18th, 2019|
Load More Posts