What happens when the career you were taught to idolise no longer delivers the life you were sold?
For decades, professions such as law and medicine occupied a uniquely prestigious position within Australian society. In many migrants and culturally conservative families, becoming a lawyer symbolised intelligence, stability, and climbing the economic ladder. For many of us raised in these environments, law was not simply viewed as a career, but as evidence that sacrifice, education, and hard work could deliver financial security and social respect.
Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) have been significantly amended in the new Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2024(Cth) (TheAct). Passed by Parliament on 29 November 2024 and receiving Royal Assent on 10December 2024, this legislation marks the most substantial reform to the AML/CTF regime since its inception.
Missing the Deposit Deadline in QueenslandDeposits in property contracts are often seen as a routine administrative step. However, a recent decision in the Supreme Court of Queensland demonstrates how severe missing a deposit due date can be.
When inheritance and criminal law intersectAt first glance, the principle seems uncontroversial: no one should profit from their own wrongdoing. This idea sits at the heart of the forfeiture for killing rule, a long-standing doctrine of law that prevents a person from inheriting from someone whose death they were responsible for causing.
What is a CCIV?A CCIV is an umbrella investment structure set up as a company limited by shares which can hold multiple sub-funds. Each sub-fund has its own allocated assets and liabilities, and operates as a separate business to any other sub-fund within the CCIV. No AFSL is needed by the operator of the funds, as the CCIV Corporate Director is licensed.