March 26, 2015 | 24 viewsPilot inexperience a potential factor in budget airline crashes

The current generation of low-cost carriers has created a new market in air travel. Air Asia in Malaysia; Ryanair & Germanwings in Europe; and Jetstar & Tiger in Australia are classic examples. But do the cheap fares offered by “no-frills” airlines – and the different standards implicit in their “low cost” business model – pose air safety risks for travellers? From the point of view of the safety […]

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March 24, 2015 | 24 viewsATO fends off fanciful claims to clawback tax debt

A taxpayer has sued the Taxation Commissioner for $450k as a result of his failure to accept a $1.00 “Bill of Exchange” to settle a $97k tax assessment. It’s just one of the adventurous devices that creative taxpayers have used in recent times to challenge conventional tax assessments. Phillip Atkinson received an income tax assessment […]

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March 21, 2015 | 34 viewsBlow by blow dry

The attraction was an easy-to-run, no-risk cash cow on the fringe of fashion and turning a reliable profit for an absentee owner. It turned out to be an unmitigated dud that never made a dollar and cost the investor the best part of $1 million in pain. Blow Dry Bar Franchising Pty Limited marketed lucrative opportunities – […]

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March 13, 2015 | 348 viewsWife wins reprieve on BOQ Cottontree repossession

A court ruled in December that Bank of Queensland could recover possession of two mortgaged Sunshine Coast properties supporting a personal guarantee given in favour of a family trust by owner Kym Schultz . As someone with no direct involvement with the principal transaction, she swore being unaware she could be liable for more than the […]

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March 8, 2015 | 286 viewsAdaptation: Project builder claims copyright breach on home construction “similarities”

A Sunshine Coast builder provided a prospect – attracted by the aesthetics of its display home – with three similar design plan options to suit its potential customer’s Gympie homesite. Coastlife Homes undertook “various investigations and preparations” and quoted $256k the finished product. The prospects did not, in the end, proceed. Sometime later Coastlife learned […]

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