Phan Campbell & Associates

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Phan Campbell & Associates The PCA Difference: All-Inclusive Accounting, Finance and Legal Solutions

If we've asked for your ID lately, here's why.From 1 July 2026, every law firm in Australia must verify a client's ident...
14/10/2026

If we've asked for your ID lately, here's why.
From 1 July 2026, every law firm in Australia must verify a client's identity before acting on certain matters. It's part of the federal anti money laundering laws. We're not asking because we doubt you. We're asking because the law requires it.
You're most likely to notice it on the following matters.
• Buying, selling or settling property
• Buying or selling a business
• Trusts, SMSFs and company structures
For most people, it's a passport and a driver licence. For companies and trusts, we also need to know who owns or controls them.
Got a settlement date coming up? Tell us early and we'll make the checks a priority. What you provide is used only for verification and compliance, never for marketing.
Questions about what we'll need? Call (03) 8354 9541 or read our guide. Link in bio.

Your card surcharge has disappeared. What happens next?From 1 October 2026, businesses in Australia can no longer surcha...
08/10/2026

Your card surcharge has disappeared. What happens next?
From 1 October 2026, businesses in Australia can no longer surcharge customers for payments made using eftpos, Mastercard, Visa or American Express cards.
For businesses, the change goes beyond removing a line from the EFTPOS terminal. It may affect your pricing, merchant agreements, invoices, online checkout and customer facing terms.
In this issue of PCA Review, we look at:
What has changed
Who is affected
What the changes mean for your margins
What businesses should do now
If you are still charging a card surcharge, now is the time to review your payment arrangements and pricing structure.
Clear judgment. Progress that matters.

Separating a relationship is hard. Separating a jointly owned business at the same time is harder, because two areas of ...
31/08/2026

Separating a relationship is hard. Separating a jointly owned business at the same time is harder, because two areas of law collide.

The relationship runs through family law. The business runs through commercial and corporate law. Together they raise questions most people never think to ask. Who runs the business during the split. How it is valued. What the shareholder or partnership agreement already decides.

The exposure where personal and commercial meet. This closes our August series on the risks you do not see until they arrive.

Most bad debts are decided before the work even begins, by the terms you did or did not put in place.When you let a cust...
29/08/2026

Most bad debts are decided before the work even begins, by the terms you did or did not put in place.

When you let a customer pay later, you have handed them a loan. If they fall over, you are a creditor waiting at the back of the line. Get a signed credit application with the right legal entity, check it can pay, ask the directors to guarantee the debt, and register your interest on the PPSR.

The one exposure this month you control completely. Set the terms before the goods leave, not after the invoice is late.

Most tenants read the rent, the term and the start date, then sign. The clauses underneath are where the risk actually s...
28/08/2026

Most tenants read the rent, the term and the start date, then sign. The clauses underneath are where the risk actually sits.

Outgoings can add thousands a year on top of the rent. Make good can mean returning the space to bare shell when you leave. A personal guarantee puts your own assets behind the lease. An option to renew is only as strong as the special conditions attached to it.

The exposure you signed for without reading. A lease review now costs a fraction of a dispute later.

The ATO does not need to audit you to find a gap in your property records. It can see it from data it already holds.It r...
26/08/2026

The ATO does not need to audit you to find a gap in your property records. It can see it from data it already holds.

It receives information from state and territory revenue offices, land title registries, financial institutions, property managers and short stay platforms, then matches it against your return. Rental income gets checked against bond records going back to 2005. Capital gains against the sale. GST on new builds.

The exposure someone else can already see before you do. Good records are your answer when the question arrives.

Most tenants read the rent, the term and the start date, then sign. The clauses underneath are where the risk actually s...
24/08/2026

Most tenants read the rent, the term and the start date, then sign. The clauses underneath are where the risk actually sits.

Outgoings can add thousands a year on top of the rent. Make good can mean returning the space to bare shell when you leave. A personal guarantee puts your own assets behind the lease. An option to renew is only as strong as the special conditions attached to it.

The exposure you signed for without reading. A lease review now costs a fraction of a dispute later.

Liability limited by a scheme approved under Professional Standards Legislation.

The fence has stood in the same place for years. That does not make the land behind it yours. Boundaries on the ground a...
22/08/2026

The fence has stood in the same place for years. That does not make the land behind it yours. Boundaries on the ground and boundaries on the title do not always match.

The gap almost always surfaces mid transaction, when a survey tells a different story. An encroaching structure, a driveway over the line, an easement nobody mentioned. Each can stall a deal, and each is fixable, more easily the earlier you start.

The exposure hiding in what you already own. Check the boundary before it checks you.

Liability limited by a scheme approved under Professional Standards Legislation.

Address

Level 1, Suite 12, 7-9 Leeds Street
Footscray
3011

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

(03)83549541

Website

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