Full and Proper Names on Companies and Trust Deeds

Banks are becoming very particular about identifying their clients with an extreme emphasis on details, and refusing to open a new account unless the full and proper name of directors and shareholders are used in company and trust documentation.  We … Continued

July 2021 Lockdown

Our office will be closed from today until the end of this latest lockdown, but the entire team will be working from home.  Other than supplying you with printed documents, we can provide you with all our normal services and products.  … Continued

SMSFs to have up to 6 members

The long-touted Bill to increase the maximum number of members of a self-managed superannuation fund finally received royal assent on 22nd June. Effective as from 1st July, 2021, self-managed superannuation funds may now have up to 6 members.   What … Continued

New Prices for 2021/2022

As you may know, ASIC is entitled to increase its fees each year in line with CPI and the cost of doing business with ASIC was published recently.  The principal ASIC fees which are of interest to you appear at … Continued

Clarification Regarding Australian Accounting Standards

We would like to clarify some things regarding our latest newsletter regarding the Australian Accounting Standards (AAS)   It is important to note that even if a constituting document specifically requires the financial statements to be drawn in accordance with … Continued

Launching a New Service – Faster, Better Priced

We are delighted to announce the launch of Castle Express Services, a new business in the Castle business group, that currently offers a fast and better priced company registration service, with more offerings to be added in the coming months.   … Continued

Lockdown Procedures

The impending lockdown is absolutely essential to suppress or, hopefully, eliminate the presence of Covid-19 in our community.  Whilst many of us will not be looking forward to the lockdown period and its impact on our financial situation, we should … Continued

Change of Heart by State Revenue Office

Duty surcharges for foreign purchasers  What are the rules? The Duties Act 1958 (Vic) was changed on 1st July, 2015 in response to the overheated property market and political requirements to dampen the growth of housing prices.  The effect of … Continued

Which states require stamp duty on trust deeds?

Stamp duty is a tax imposed by certain states on documents or transactions that affect or record: the transfer of the ownership of assets (eg land, cars), or the creation of rights in respect of assets (eg certain leases and … Continued