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Jesse and Julian are all minority shareholders of JKL Ltd. The directors of JKL Ltd want to prevent the minority shareholders objecting to their decisions in the future so they decide to compulsorily purchase Jane, Jesse and Julian’s shares?
Maria feels as though she is getting too old to manage her property interests and look after herself and her family. Maria wishes to place three commercial properties in her portfolio in trust for her 30 year old son, Luca. Luca is permanently and severely intellectually disabled. Maria wants Luca to be the sole person entitled to any income coming from the properties during the life of the trust, and for the trust to manage this income for Luca. She wants her other son?
In addition, examine Section 62 of the Superannuation Industry (Supervision) Act 1993. What restrictions are there on a superannuation fund trustee providing ancillary benefits to members?
Edward is the sole director of his company, EWD Pty Ltd. He believes there may be reasonable grounds to suspect that EWD Pty Ltd may be in financial difficulty. From whom should Edward seek advice and what should he consider in obtaining this advice?
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