Category: Legal Essentials
Queensland has introduced a significant reform to its trust laws with the Trusts Act 2025 (Qld) (the Act), which will replace the long-standing Trusts Act 1973 (Qld). The Act has received Royal Assent, with the Attorney-General indicating an intended commencement of 28 April 2026, subject to proclamation. The new Act modernises and simplifies the legal framework governing trusts, introduces clearer rules for trustees, and strengthens protections for beneficiaries. For individuals and businesses operating through trust structures, it is important to understand how these changes may affect existing arrangements. Key Takeaways The new Act replaces legislation that has been in place… Continue Reading
It can be tempting to use Generative Artificial Intelligence (AI) for the purposes of obtaining legal advice. While AI might appear on the surface to offer a low-cost alternative to seeking legal advice, there are many risks associated with relying on AI in place of a trained legal practitioner. Some of these risks are well-known, while others are less obvious. This article highlights and explains the risks associated with using AI in place of a solicitor. 1. No Duty of Care, Accountability or Regulatory Oversight AI tools are not legal professionals and do not operate under Australia’s regulated legal framework…. Continue Reading
