Australia’santi-money laundering and counter-terrorism financing (AML/CTF)have been significantly amended in the new Anti-MoneyLaundering and Counter-Terrorism Financing Amendment Act 2024(Cth) (TheAct).Passedby Parliament on 29 November 2024 and receiving Royal Assent on 10December 2024, this legislation marks the most substantial reform tothe 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.