Szabo & Associates News & Updates

Many charities and not-for-profit (NFP) organisations benefit from gifts left upon death with many charitable bequests providing NFPs with vital funds to allow them to continue. However, with the emergence of DIY wills many charities are losing out from poorly constructed, loose Wills.

It was recently announced that the law governing Strata schemes in NSW is to undergo significant reform. This announcement comes after a prolonged period of dissatisfaction with the legal regime governing strata schemes, with many believing that there are significant changes required in order to bring strata schemes into the 21^st century. With over a quarter of NSW’s population currently living under a strata regime, the proposed reforms will be of interest to a significant number of the population.

In a recent article in the Sydney Morning Herald (available here), Singapore based start-up, iBosses, which is poised to begin floating on the stock market, claims that its success can be emulated in 8 simple steps. The start-up itself has, as of yet, failed to reach the $100,000 mark for revenue but is confident on its prospects for long term success.

It was recently reported in the Sydney Morning Herald (here) that there is rising controversy in India over the use of the ‘triple talaq’ by Muslim men to divorce their wives.  The ‘triple talaq’, reported as the practice of Muslim men saying the word ‘talaq’ three times which provides for an ‘automatic divorce’ has been criticised by many as being easily abused – allowing for men to divorce their wives for potentially superficial reasons.  While it has been reported that several Muslim countries have banned the practice, there is mounting concern among Muslim women in India that their husbands are too easily able to end their marriage. A government committee is reported to have recommended that the practice be banned, but confusion as to whether or not the practice is a component of Islamic law, amongst other things, has complicated matters.

NSW may gain a significant boost to housing supply with the introduction of new strata laws making it easier to sell or convert strata titles.