The latest Part of the Australian Business Law Review includes an Editorial by Professor Bob Baxt AO. It also contains the following articles: “Section 46: Its Purpose and the Proposed New Effects Test” – Julie Clarke; “Beyond Lawyers: Legal Literacy for the Future” – Brett Freudenberg; “The Contract Risks to Universities of Work-Integrated Learning Programs” – Craig Cameron. Also in this Part is the following section: Insurance and Transport: “Insurance and Third-Party Litigation Funding in Australia: The Desirability or Otherwise of a Common Regulatory Framework?” – Julie-Anne Tarr.
The February 2012 issue of the Australian Tax Review publishes three interesting articles on different aspects of taxation law. The first article comes from Ian Murray and discusses the release of two taxation rulings dealing with the income tax and GST consequences of farmout arrangements. The second article, by Brett Freudenberg, details a study of 81 Queensland advisors, exploring what they thought were important considerations regarding the formation of businesses. The final article is by Nicole Wilson-Rogers and examines the advantages and disadvantages of utilising an extra statutory concession power in Australia’s Commonwealth tax legislation.