Latest news with #financialmatters
Irish Times
23-05-2025
- Business
- Irish Times
Jarlath Burns to attend Mayo county board meeting amid questions over county's finances
GAA president Jarlath Burns and director general Tom Ryan are to attend a special meeting of the Mayo county board on Monday evening. Although county officers have made no comment on the meeting's agenda, it is believed to relate to financial matters. Mayo have been in the spotlight recently concerning a Revenue audit during the course of which a voluntary disclosure of €119,778 was made in relation to potential tax liability for the Cúl Camps programme. More recently, a loan extended to Mayo by the GAA's Central Council in 2015 to assume the county's debt has been the subject of speculation, denied last week by county treasurer Valerie Murphy. READ MORE According to a report of the meeting in the Western People, Murphy 'dealt specifically with two accusations, firstly that Mayo GAA never benefited from a write-down of its debt which Croke Park negotiated with lender Ulster Bank, and secondly that Croke Park held a surplus of Mayo GAA's money in an 'unexplained account'.' The treasurer said the write-down had been passed on to the county but was subject to a non-disclosure agreement with the bank. She also said the county had moved money from a bank account to a Croke Park fund, offering better interest payments to units of the association. After March's National Football League final, which Mayo lost to Kerry, Burns made remarks in his presentation speech supportive of Mayo officers. His attendance at Monday's meeting along with the director general is seen as extending further support as well as giving delegates an opportunity to clarify any queries. The meeting will be held at Knockranny House Hotel in Westport. Clubs have been invited to send one of their officers, chair, secretary or treasurer, together with their county board delegate.
News.com.au
15-05-2025
- General
- News.com.au
Australian law changes to affect pets, property and finances
Pet and property owners watch out – Australia's family law is changing how separation disputes will be resolved. Coming into effect next month, these key changes will affect how our pets, property and financial matters are resolved for former couples. So what's changing for our pets? Separating couples sharing pets should usually make arrangements for what happens to their prized pooches and furballs without going to court. However, those that cannot agree on arrangements can apply to the family law courts to make orders, with a specific list considered by the system. This takes into account: any animal abuse, including threatening behaviour as a form of family violence the attachment of each party, or children, to the family pets However, there are limits and courts cannot make orders for joint ownership or shared possession of pets. My relationship ended — what happens to our shared property and finances? Usually, couples splitting ways should strive to make arrangements related to their shared property and finances, sometimes using dispute resolution outside of courts. But couples struggling to reach an agreement can apply to family law courts to determine a property settlement. Changes affecting Family Law Act 1975 include: how the courts will determine a property settlement what the courts will consider when determining a property settlement. This includes the economic effect of any family violence, where relevant This would apply to all separating couples – whether a property settlement has been determined by family law courts or has been negotiated outside of court. Key areas that courts will consider: identify all property and liabilities (debts) of the parties assess each party's contributions to the property pool and to the family's welfare assess each party's current and future circumstances. The family law courts will consider matters such as each party's age and state of health and the care and housing needs of any children only make orders that are, in all of the circumstances, just and equitable Family violence The Family Law Act defines family violence as 'violent, threatening or other behaviour by a person that coerces or controls a member of the person's family, or causes the family member to be fearful'. Key amendments include: the economic effect of family violence, where relevant, when making decisions about property and finances after separation. economic or financial abuse may constitute family violence – including if a person has controlled all of the finances or spending. What's staying the same? Family law courts cannot sentence someone for engaging in family violence conduct. Prosecutions for family violence offences are made in state and territory criminal courts. Compensation for harm caused by family violence Compensation may be available under a victims of crime compensation scheme or under an order from a state or territory civil court. Family violence orders to protect someone from family violence or altering existing orders made by state or territory courts to protect someone from family violence. Again, orders for protection against family violence are made or amended by state or territory courts. Duty of financial disclosure — what changes? Couples separating have a duty to provide all relevant financial information and documents to each other and the court. From next month, this duty will be governed by the Family Law Act 1975 instead of the Federal Circuit and Family Court of Australia (Family Law) Rules 2021. This applies to all disputes concerning finances and property after a break-up and is treated as an ongoing duty. If failure to do so, consequences can affect separating couples such as: take noncompliance into account in a property settlement impose sanctions, such as costs orders punish a party for contempt of court with a fine or imprisonment, or defer or dismiss all or part of the proceedings. What stays the same? Existing financial or property orders remain unchanged and people with existing orders should continue to follow those orders. While the changes will apply to all new and existing proceedings, there is an exception where a final hearing has already begun. The new law applies to all matters (unless a final hearing has begun), even if an application was filed before June 10, 2025. People who are already in court and do not have a lawyer can seek legal advice on how the changes may impact them. Child support is generally dealt with separately to a family law property settlement. The changes to family law will come into effect from June 10, 2025.
