Southern Series Issue 2 | Southern Waters Legal

Southern Series Issue 2

November 20, 2013

Southern Series Issue 2 November 2013

Southern Series Issue 2 November 2013

Local Business Awards

Firstly a huge congratulations goes out to Simon Bennett who won the award for Business Person of the Year. It is a great testament to Simon’s hard work in running Southern Waters Legal.

We also congratulate Zoe Hibbard who was a first time finalist for the Outstanding Youth Award and the entire team at Southern Waters Legal to have been a finalist in the Local Business Awards for 2013 for Outstanding Professional Services. Although we did not win, this has been our third year in a row as a finalist and we are very grateful for all of your support.

Self-Managed Super Funds

Q: What do Spiderman and the Australian Taxation Office have in common?

A: They both believe that with great power comes great responsibility.

Self-Managed Super Funds (SMSFs) are a great way to put some money away for your future and potentially minimise your tax at the same time. However, an understanding of their operation and sound legal advice is essential, or you may find any benefit gained offset or even outweighed by size-able tax penalties.

To find out more click here

Fun Facts

  • Leona & Simon both represented Cronulla at the Australian National Oztag Championships this November in Coffs Harbour.
  • Southern Waters Legal is the proud sponsor of two junior oztag teams in the local competition, the mighty under 8 Wallabies and the super under 6 Fast Class
  • In Thailand it is illegal to step on any of the nations currency
  • Years ago in Kentucky, a prosecutor offered to settle the charge in a criminal case if the defendant would plead guilty and accept a five-year sentence. On the advice of his defense attorney, the defendant turned down the deal. The case went to trial, where he eventually was convicted. Before imposing a life sentence without parole, the judge asked the defendant if he had anything to say, “Yes your honour, your might as well tack on a few more years, because if I ever get out, I’m going to kill my lawyer!”
  • Southern Waters Legal office is located in the beachside suburb of Cronulla. The word Cronulla is derived from the Aboriginal word “Kurranulla” meaning the “place of the pink seashells”

Do you have a Power of Attorney?

From September 2013, two new Power of Attorney forms are available for use, a General Power of Attorney and an Enduring Power of Attorney. This is a result of the introduction of the Power of Attorney Amendment Act 2013 (NSW) and the Power of Attorney Amendment Regulation 2013 (NSW).

From 1 March 2014 the use of the new form to create a Power of Attorney will be mandatory. Now is the time to consider implementing a Power of Attorney, or if you already have a Power of Attorney, to consider updating it.

It is important to make a Power of Attorney before you need it. Once you have lost mental capacity you cannot make a Power of Attorney. Many people mistakenly believe that …

Click here to read more about Power of Attorney