Late financial reports are now an enforcement problem – Here’s what to do before ASIC calls
ASIC’s latest enforcement action ASIC has fined three Australian companies in the Mainfreight group $198,000 each for allegedly missing the deadline to lodge their financial reports for the year ended 31 March 2025. Together, the notices total $594,000. The number is unremarkable only because we have seen it before. Recent notices against Mecca, Canva, GFG […]
CGT reform and the proposed new start‑up concession: implications for founders and employee share scheme participants
From 1 July 2027, the CGT landscape for employee share schemes will change dramatically. The 50% general CGT discount will be removed for assets acquired on or after that date and replaced with cost base indexation and a 30% minimum tax. These amendments apply to all asset classes, including most shares and options issued under […]
When contemporary dance meets trusts law – a Supreme Court “dance off”: unpacking McKay v Queensland Ballet
Lessons for executors and estate planners McCullough Robertson successfully acted for Queensland Ballet Company in the recent decision of McKay v Queensland Ballet Company [2026] QSC 137, where the Supreme Court of Queensland made orders that will see Queensland Ballet receive a bequest of approximately $2 million from the estate of a well-regarded Queensland arts […]
A national AI framework is coming: Key signals for businesses, rights holders and AI providers
Yesterday, on 15 July 2026, the Australian Prime Minister announced Australia will adopt a national framework for AI regulation, investment and infrastructure, and effective immediately, the establishment of The Office of AI within the Department of Prime Minister and Cabinet. This announcement provides the clearest indication to date of Australia’s policy on AI. At this early […]
Land development or realising a capital asset? The Morton decision explained
McCullough Robertson’s Tax team unpack the Commissioner of Taxation v Morton [2026] FCAFC 31 and how structuring arrangements can align or diverge from an intended tax position and how the ATO will view those activities.
From routine to strategic: Rethinking tenant security in commercial leasing
For many years, tenant security has been a routine part of commercial leasing: agree the amount, provide the security and move on. Today, it is becoming a more strategic part of lease negotiations. As transactions move faster, tenants look to preserve capital while landlords place greater emphasis on income security. In this environment, the type […]
McCullough Robertson celebrates centenary with 14 promotions featuring an all-female partner cohort
In its centenary year, leading independent law firm McCullough Robertson has announced 14 promotions effective 1 July 2026, including three female partners. The new partners are: Ms McMahon acts for both public and private sector clients across the full spectrum of employment and industrial relations matters. She has particular experience assisting international clients of all […]